IRIS Accounts Production v24.3.0.553 13868463 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh138684632023-03-31138684632024-03-31138684632023-04-012024-03-31138684632022-01-23138684632022-01-242023-03-31138684632023-03-3113868463ns15:EnglandWales2023-04-012024-03-3113868463ns14:PoundSterling2023-04-012024-03-3113868463ns10:Director12023-04-012024-03-3113868463ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3113868463ns10:SmallEntities2023-04-012024-03-3113868463ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3113868463ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3113868463ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113868463ns10:FullAccounts2023-04-012024-03-3113868463ns10:Director22023-04-012024-03-3113868463ns10:Director32023-04-012024-03-3113868463ns10:Director42023-04-012024-03-3113868463ns10:RegisteredOffice2023-04-012024-03-3113868463ns5:CurrentFinancialInstruments2024-03-3113868463ns5:CurrentFinancialInstruments2023-03-3113868463ns5:ShareCapital2024-03-3113868463ns5:ShareCapital2023-03-3113868463ns5:RetainedEarningsAccumulatedLosses2024-03-3113868463ns5:RetainedEarningsAccumulatedLosses2023-03-3113868463ns5:PlantMachinery2023-04-012024-03-3113868463ns5:PlantMachinery2023-03-3113868463ns5:PlantMachinery2024-03-3113868463ns5:PlantMachinery2023-03-3113868463ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3113868463ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3113868463ns5:WithinOneYear2024-03-3113868463ns5:WithinOneYear2023-03-3113868463ns5:BetweenOneFiveYears2024-03-3113868463ns5:BetweenOneFiveYears2023-03-3113868463ns5:AllPeriods2024-03-3113868463ns5:AllPeriods2023-03-31
REGISTERED NUMBER: 13868463 (England and Wales)








Unaudited Financial Statements

For The Year Ended 31 March 2024

for

Livgreen Futures Limited

Livgreen Futures Limited (Registered number: 13868463)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Livgreen Futures Limited

Company Information
For The Year Ended 31 March 2024







DIRECTORS: T H Melvin
R D Melvin
H D Melvin
C Herbert





REGISTERED OFFICE: 7 Darklake View
Estover
Plymouth
Devon
PL6 7TL





REGISTERED NUMBER: 13868463 (England and Wales)





ACCOUNTANTS: TC Bromhead Limited
Harscombe House
1 Darklake View
Plymouth
Devon
PL6 7TL

Livgreen Futures Limited (Registered number: 13868463)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,011 2,388

CURRENT ASSETS
Stocks 1,497 10,003
Debtors 5 8,976,448 871,647
Cash at bank 1,485,683 129,217
10,463,628 1,010,867
CREDITORS
Amounts falling due within one year 6 7,857,144 939,431
NET CURRENT ASSETS 2,606,484 71,436
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,614,495

73,824

PROVISIONS FOR LIABILITIES 2,002 453
NET ASSETS 2,612,493 73,371

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 2,612,483 73,361
2,612,493 73,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:





H D Melvin - Director


Livgreen Futures Limited (Registered number: 13868463)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Livgreen Futures Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the installation is complete and monies received in advance of works are treated as a current liability in the balance sheet.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 6 ) .

Livgreen Futures Limited (Registered number: 13868463)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 2,927
Additions 7,541
At 31 March 2024 10,468
DEPRECIATION
At 1 April 2023 539
Charge for year 1,918
At 31 March 2024 2,457
NET BOOK VALUE
At 31 March 2024 8,011
At 31 March 2023 2,388

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 8,764,518 827,201
Other debtors 211,930 44,446
8,976,448 871,647

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 147,024 164,935
Amounts owed to group undertakings 119,860 -
Taxation and social security 1,582,458 106,856
Other creditors 6,007,802 667,640
7,857,144 939,431

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 39,155 -
Between one and five years 79,037 -
118,192 -

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Livgreen Future Holdings Ltd.