Live Electrics (SW) Limited |
Registered Number:08635396 |
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 August 2024
Live Electrics (SW) Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Live Electrics (SW) Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
45,054
64,943
2
45,054
64,943
-
1,000
3
Trade and other receivables |
31,827
36,195
4
47,400
Cash and cash equivalents |
25,447
62,642
79,227
Trade and other payables: amounts falling due within one |
year |
(51,363)
(54,868)
5
27,864
7,774
Net current assets
Total assets less current liabilities |
52,828
92,807
Trade and other payables: amounts falling due after more |
than one year |
(12,007)
(6,246)
6
(8,560)
(12,339)
Provisions for liabilities |
38,022
Net assets
68,461
10
10
38,012
68,451
38,022
68,461
Shareholders' funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 14 March 2025 and were signed by: |
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For the year ended 31 August 2024
Live Electrics (SW) Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 31 August 2024
Live Electrics (SW) Limited
Notes to the Financial Statements
Statutory Information
Live Electrics (SW) Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 08635396. |
11a Church Road
Winford
Bristol
BS40 8EW
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. An appropriate amount is included for the estimated recoverable value of work performed during the year but not yet invoiced at the balance sheet date. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Motor Vehicles
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 August 2024
Live Electrics (SW) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
167,057
1,603
-
165,454
22,862
2,085
419
20,358
-
-
(97,441)
(97,441)
88,371
419
3,688
92,478
Provision for depreciation and impairment |
102,114
1,310
-
100,804
Charge for year
15,244
785
84
14,375
(69,934)
-
-
(69,934)
47,424
2,095
84
45,245
43,126
335
1,593
45,054
64,650
-
293
64,943
2023
2024
1,000
-
4. Trade and other receivables |
2023
2024
32,064
12,728
Amounts owed by directors |
-
836
Taxation and social security |
3,332
-
799
18,263
31,827
36,195
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For the year ended 31 August 2024
Live Electrics (SW) Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2023
2024
13,107
10,313
Taxation and social security |
22,727
24,976
Accruals and deferred income |
1,950
10,121
7
-
Obligations under HP/Financial leases |
5,761
5,761
11,316
192
54,868
51,363
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
12,007
6,246
Obligations under HP/Financial leases |
7. Average number of persons employed |
During the year the average number of employees was 4 (2023 : 4)
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