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REGISTERED NUMBER: 04693169 (England and Wales)























Unaudited Financial Statements

for the Year Ended 30 June 2024

for

P & L Livesey Limited

P & L Livesey Limited (Registered number: 04693169)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


P & L Livesey Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr P Livesey
Mrs L Livesey





SECRETARY: Mrs L Livesey





REGISTERED OFFICE: 316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE





REGISTERED NUMBER: 04693169 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

P & L Livesey Limited (Registered number: 04693169)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 102,517 106,101
102,517 106,101

CURRENT ASSETS
Stocks 500 500
Debtors 6 623 918
Cash at bank and in hand 9,260 19,950
10,383 21,368
CREDITORS
Amounts falling due within one year 7 11,801 11,784
NET CURRENT (LIABILITIES)/ASSETS (1,418 ) 9,584
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,099

115,685

PROVISIONS FOR LIABILITIES 268 287
NET ASSETS 100,831 115,398

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 100,731 115,298
SHAREHOLDERS' FUNDS 100,831 115,398

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

P & L Livesey Limited (Registered number: 04693169)

Statement of Financial Position - continued
30 June 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





Mrs L Livesey - Director


P & L Livesey Limited (Registered number: 04693169)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

P & L Livesey 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Short leasehold - 2% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% 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 Statement of Income and Retained Earnings, 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 statement of financial position date.


P & L Livesey Limited (Registered number: 04693169)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 6 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 25,250
AMORTISATION
At 1 July 2023
and 30 June 2024 25,250
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

P & L Livesey Limited (Registered number: 04693169)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Short and Computer
property leasehold fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 153,050 21,270 37,048 3,870 215,238
Additions - - 610 416 1,026
At 30 June 2024 153,050 21,270 37,658 4,286 216,264
DEPRECIATION
At 1 July 2023 61,220 8,507 35,625 3,785 109,137
Charge for year 3,061 426 903 220 4,610
At 30 June 2024 64,281 8,933 36,528 4,005 113,747
NET BOOK VALUE
At 30 June 2024 88,769 12,337 1,130 281 102,517
At 30 June 2023 91,830 12,763 1,423 85 106,101

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 623 918

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors (1 ) 7
Taxation and social security 6,092 5,634
Other creditors 5,710 6,143
11,801 11,784