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Registration number: 06724922

Livingstone Finance UK Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Livingstone Finance UK Limited

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 6

 

Livingstone Finance UK Limited

(Registration number: 06724922)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

284

57

Current assets

 

Stocks

6,748

10,300

Debtors

5

8,373

6,188

Cash at bank and in hand

 

10,743

12,195

 

25,864

28,683

Creditors: Amounts falling due within one year

6

(7,874)

(9,289)

Net current assets

 

17,990

19,394

Total assets less current liabilities

 

18,274

19,451

Creditors: Amounts falling due after more than one year

6

(17,668)

(19,167)

Net assets

 

606

284

Capital and reserves

 

Called up share capital

4

4

Retained earnings

602

280

Shareholders' funds

 

606

284

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Livingstone Finance UK Limited

(Registration number: 06724922)
Balance Sheet as at 30 September 2024

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 March 2025 and signed on its behalf by:
 

.........................................
Mrs R C Smith
Director

 

Livingstone Finance UK Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

The principal place of business is:
7 Thorn Tree Drive
Crewe
Cheshire
CW1 4UA

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Livingstone Finance UK Limited

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

Tax

The tax expense for the period comprises current tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and computer equipment

15% reducing balance/ straight line over 3 years

Motor vehicles

25% reducing balance

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Livingstone Finance UK Limited

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

4

Tangible assets

Fixtures, fittings and computer equipment
 £

Total
£

Cost or valuation

At 1 October 2023

2,670

2,670

Additions

249

249

Disposals

(370)

(370)

At 30 September 2024

2,549

2,549

Depreciation

At 1 October 2023

2,613

2,613

Charge for the year

22

22

Eliminated on disposal

(370)

(370)

At 30 September 2024

2,265

2,265

Carrying amount

At 30 September 2024

284

284

At 30 September 2023

57

57

5

Debtors

Current

2024
£

2023
£

Trade debtors

4,455

4,093

Other debtors

3,918

2,095

 

8,373

6,188

 

Livingstone Finance UK Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

3,333

3,333

Trade creditors

 

125

275

Other creditors

 

4,416

5,681

 

7,874

9,289

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

17,668

19,167