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REGISTERED NUMBER: 08400490 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

iTouch Live Ltd

iTouch Live Ltd (Registered number: 08400490)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Accountants' Report 6

iTouch Live Ltd

Company Information
for the year ended 31 March 2024







DIRECTOR: C A Turner





REGISTERED OFFICE: Pendle House
Blackburn Road
Rising Bridge
Accrington
England
BB5 2SB





REGISTERED NUMBER: 08400490 (England and Wales)





ACCOUNTANTS: Beaumonts
8 Navigation Court
Calder Park
Wakefield
West Yorkshire
WF2 7BJ

iTouch Live Ltd (Registered number: 08400490)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,636 6,472

CURRENT ASSETS
Debtors 5 34,458 113,097
Cash at bank 52,289 74,533
86,747 187,630
CREDITORS
Amounts falling due within one year 6 20,983 49,809
NET CURRENT ASSETS 65,764 137,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,400

144,293

CREDITORS
Amounts falling due after more than one
year

7

(16,509

)

(23,455

)

PROVISIONS FOR LIABILITIES (1,159 ) (1,618 )
NET ASSETS 52,732 119,220

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 52,731 119,219
52,732 119,220

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 March 2025 and were signed by:





C A Turner - Director


iTouch Live Ltd (Registered number: 08400490)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

iTouch Live Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable for the provision of the network and hosting infrastructure for the live features of the iTouch product range, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible assets are initially and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and machinery - 20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

iTouch Live Ltd (Registered number: 08400490)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 18,908
DEPRECIATION
At 1 April 2023 12,436
Charge for year 1,836
At 31 March 2024 14,272
NET BOOK VALUE
At 31 March 2024 4,636
At 31 March 2023 6,472

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 34,458 113,097

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 7,485 7,264
Trade creditors 1,616 1,381
Taxation and social security 9,313 37,427
Other creditors 2,569 3,737
20,983 49,809

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 16,509 23,455

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 8,304 8,304
Between one and five years 302 3,926
8,606 12,230

iTouch Live Ltd (Registered number: 08400490)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
C A Turner
Balance outstanding at start of year 37,000 -
Amounts advanced - 37,000
Amounts repaid (37,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 37,000

Accountants' Report to the Director
on the Unaudited Financial Statements of
iTouch Live Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of iTouch Live Ltd for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of iTouch Live Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of iTouch Live Ltd and state those matters that we have agreed to state to the director of iTouch Live Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than iTouch Live Ltd and its director for our work or for this report.

It is your duty to ensure that iTouch Live Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of iTouch Live Ltd. You consider that iTouch Live Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of iTouch Live Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Beaumonts
8 Navigation Court
Calder Park
Wakefield
West Yorkshire
WF2 7BJ


25 March 2025