Live & Learn Sports Limited |
Registered Number:08281880 |
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2023
Live & Learn Sports Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Live & Learn Sports Limited
Statement of Financial Position
2022
2023
4,800
6,000
2
Property, plant and equipment |
20,894
22,811
3
25,694
28,811
Trade and other receivables |
20,354
27,682
4
119,959
Cash and cash equivalents |
92,122
119,804
140,313
Trade and other payables: amounts falling due within one year |
(82,215)
(66,780)
5
58,098
53,024
Net current assets
Total assets less current liabilities |
78,718
86,909
(4,388)
(4,334)
Provisions for liabilities |
74,330
Net assets
82,575
31
31
74,299
82,544
74,330
82,575
Shareholders' funds
For the year ended 30 November 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 08 October 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 November 2023
Live & Learn Sports Limited
Notes to the Financial Statements
Statutory Information
Live & Learn Sports Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 08281880. |
18a Rother Court
Mangham Road
Parkgate
Rotherham
S62 6DR
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard |
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The |
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 15 years. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
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. |
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For the year ended 30 November 2023
Live & Learn Sports Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
18,000
18,000
12,000
1,200
Charge for year
13,200
4,800
6,000
3. Property, plant and equipment |
49,873
4,123
45,750
2,258
2,258
-
(4,123)
-
(4,123)
45,750
2,258
48,008
Provision for depreciation and impairment |
27,062
4,123
22,939
Charge for year
4,175
753
3,422
(4,123)
(4,123)
-
27,114
753
26,361
19,389
1,505
20,894
22,811
-
22,811
4. Trade and other receivables |
2022
2023
21,894
20,354
5,788
-
20,354
27,682
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For the year ended 30 November 2023
Live & Learn Sports Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2022
2023
2,149
1,636
Taxation and social security |
30,925
38,675
33,706
41,904
66,780
82,215
6. Average number of persons employed |
During the year the average number of employees was 8 (2022 : 8)
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