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REGISTERED NUMBER: 09083997 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

LIVE EXPERIENCES LIMITED

LIVE EXPERIENCES LIMITED (REGISTERED NUMBER: 09083997)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


LIVE EXPERIENCES LIMITED (REGISTERED NUMBER: 09083997)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,160 4,471

CURRENT ASSETS
Debtors 5 175,019 216,449
Cash at bank and in hand 294,751 298,500
469,770 514,949
CREDITORS
Amounts falling due within one year 6 266,199 327,603
NET CURRENT ASSETS 203,571 187,346
TOTAL ASSETS LESS CURRENT LIABILITIES 209,731 191,817

CREDITORS
Amounts falling due after more than one year 7 (10,000 ) (20,000 )

PROVISIONS FOR LIABILITIES (1,540 ) (849 )
NET ASSETS 198,191 170,968

CAPITAL AND RESERVES
Called up share capital 1,073 1,073
Retained earnings 197,118 169,895
SHAREHOLDERS' FUNDS 198,191 170,968

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 6 February 2025 and were signed on its behalf by:





L Ede - Director


LIVE EXPERIENCES LIMITED (REGISTERED NUMBER: 09083997)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Live Experiences Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09083997

Registered office: 3rd Floor
21 Perrymount Road
Haywards Heath
West Sussex
RH16 3TP

The presentation currency of the financial statements is the Pound Sterling (£).


Each unit has been rounded to the nearest whole pound.

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 comprises revenue recognised by the company in respect of services for brand experience through
trial and engagement exclusive of Value Added Tax and trade discounts.The services are often performed
gradually over time and sometimes fall into different accounting periods. The policy for recognising revenue and profits on these contracts is set out in the note below.

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

Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

LIVE EXPERIENCES LIMITED (REGISTERED NUMBER: 09083997)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued

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 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023 21,850
Additions 4,740
Disposals (16,173 )
At 31 May 2024 10,417
DEPRECIATION
At 1 June 2023 17,379
Charge for year 2,117
Eliminated on disposal (15,239 )
At 31 May 2024 4,257
NET BOOK VALUE
At 31 May 2024 6,160
At 31 May 2023 4,471

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 143,094 176,698
Other debtors 31,925 39,751
175,019 216,449

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 6,550 16,531
Amounts owed to group undertakings 53,197 53,810
Taxation and social security 54,248 62,352
Other creditors 142,204 184,910
266,199 327,603

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,000 20,000

LIVE EXPERIENCES LIMITED (REGISTERED NUMBER: 09083997)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
L Ede
Balance outstanding at start of year 38,577 23,501
Amounts advanced 37,606 48,813
Amounts repaid (51,177 ) (33,737 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,006 38,577

9. ULTIMATE CONTROLLING PARTY

The company is controlled by The Consumer Engagement Group Ltd due to its majority shareholding.