Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 1 August 2022 false 1 April 2023 31 March 2024 31 March 2024 05891251 Mr Tom Stoodley Mr Matthew Latty iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05891251 2023-03-31 05891251 2024-03-31 05891251 2023-04-01 2024-03-31 05891251 frs-core:CurrentFinancialInstruments 2024-03-31 05891251 frs-core:ComputerEquipment 2024-03-31 05891251 frs-core:ComputerEquipment 2023-04-01 2024-03-31 05891251 frs-core:ComputerEquipment 2023-03-31 05891251 frs-core:PlantMachinery 2024-03-31 05891251 frs-core:PlantMachinery 2023-04-01 2024-03-31 05891251 frs-core:PlantMachinery 2023-03-31 05891251 frs-core:ShareCapital 2024-03-31 05891251 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05891251 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05891251 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05891251 frs-bus:SmallEntities 2023-04-01 2024-03-31 05891251 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05891251 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05891251 frs-bus:Director1 2023-04-01 2024-03-31 05891251 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 05891251 frs-countries:EnglandWales 2023-04-01 2024-03-31 05891251 2022-07-31 05891251 2023-03-31 05891251 2022-08-01 2023-03-31 05891251 frs-core:CurrentFinancialInstruments 2023-03-31 05891251 frs-core:ShareCapital 2023-03-31 05891251 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05891251
Livestream.Global Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Halcyon Accountancy
Chartered Certified Accountants
26 Coltsfoot Road
Ware
Hertfordshire
SG12 7NW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05891251
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,461 2,034
1,461 2,034
CURRENT ASSETS
Stocks 5 - 14,500
Debtors 6 11,124 18,187
Cash at bank and in hand 66,085 127,865
77,209 160,552
Creditors: Amounts Falling Due Within One Year 7 (7,673 ) (101,666 )
NET CURRENT ASSETS (LIABILITIES) 69,536 58,886
TOTAL ASSETS LESS CURRENT LIABILITIES 70,997 60,920
NET ASSETS 70,997 60,920
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 70,897 60,820
SHAREHOLDERS' FUNDS 70,997 60,920
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Tom Stoodley
Director
6 February 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Livestream.Global Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05891251 . The registered office is 1 Goldfinch Way, Borehamwood, WD6 2EN. During the year the company changed its name from Focus Audio Visual Limited to Livestream.Global Ltd.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Computer Equipment 33% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 1,418 1,455 2,873
As at 31 March 2024 1,418 1,455 2,873
Depreciation
As at 1 April 2023 354 485 839
Provided during the period 88 485 573
As at 31 March 2024 442 970 1,412
Net Book Value
As at 31 March 2024 976 485 1,461
As at 1 April 2023 1,064 970 2,034
5. Stocks
31 March 2024 31 March 2023
£ £
Finished goods - 14,500
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6. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors 9,325 16,131
Other debtors 1,799 1,799
VAT - 257
11,124 18,187
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Corporation tax 2,166 18,328
Other taxes and social security 2,513 5,231
VAT 2,147 -
Other creditors - 19,463
Director's loan account 847 58,644
7,673 101,666
8. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 100 100
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