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Company Registration No. 05174911 (England and Wales)
Living Potential Limited Unaudited accounts for the year ended 31 March 2024
Living Potential Limited Unaudited accounts Contents
Page
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Living Potential Limited Company Information for the year ended 31 March 2024
Directors
Mrs Louisa Hardman Mr Theodore Morris Ms Lydia Morris
Secretary
Mr Lawrence Morris
Company Number
05174911 (England and Wales)
Registered Office
5 KESWICK AVENUE LONDON SW19 3JE
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Living Potential Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,441 
- 
Current assets
Debtors
4,049 
10,442 
Cash at bank and in hand
2,148,378 
1,678,648 
2,152,427 
1,689,090 
Creditors: amounts falling due within one year
(259,520)
(236,213)
Net current assets
1,892,907 
1,452,877 
Net assets
1,894,348 
1,452,877 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
1,894,148 
1,452,677 
Shareholders' funds
1,894,348 
1,452,877 
For the year ending 31 March 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2024 and were signed on its behalf by
Mrs Louisa Hardman Director Company Registration No. 05174911
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Living Potential Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Living Potential Limited is a private company, limited by shares, registered in England and Wales, registration number 05174911. The registered office is 5 KESWICK AVENUE, LONDON, SW19 3JE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straight Line
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
20,179 
- 
20,179 
Additions
- 
1,840 
1,840 
At 31 March 2024
20,179 
1,840 
22,019 
Depreciation
At 1 April 2023
20,179 
- 
20,179 
Charge for the year
- 
399 
399 
At 31 March 2024
20,179 
399 
20,578 
Net book value
At 31 March 2024
- 
1,441 
1,441 
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Living Potential Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,608 
3,269 
Other debtors
2,441 
7,173 
4,049 
10,442 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
76,425 
102,270 
Taxes and social security
170,447 
108,792 
Loans from directors
12,648 
25,151 
259,520 
236,213 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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