2023-09-01 08635396 2024-08-31 08635396 2023-09-01 2024-08-31 08635396 2023-08-31 08635396 2022-09-01 2023-08-31 08635396 uk-core:WithinOneYear 2023-08-31 08635396 uk-core:WithinOneYear 2024-08-31 08635396 uk-core:AfterOneYear 2023-08-31 08635396 uk-core:AfterOneYear 2024-08-31 08635396 uk-core:ShareCapital 2024-08-31 08635396 uk-core:ShareCapital 2023-08-31 08635396 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 08635396 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 08635396 uk-bus:Director1 2023-09-01 2024-08-31 08635396 uk-core:ComputerEquipment 2023-09-01 2024-08-31 08635396 uk-core:CommercialMotorVehicles 2023-09-01 2024-08-31 08635396 uk-core:FurnitureFittings 2023-09-01 2024-08-31 08635396 uk-core:ComputerEquipment 2023-08-31 08635396 uk-core:FurnitureFittings 2023-08-31 08635396 uk-core:CommercialMotorVehicles 2023-08-31 08635396 uk-core:CommercialMotorVehicles 2024-08-31 08635396 uk-core:FurnitureFittings 2024-08-31 08635396 uk-core:ComputerEquipment 2024-08-31 iso4217:GBP xbrli:pure 08635396 uk-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 08635396 uk-bus:FRS102 2023-09-01 2024-08-31 08635396 uk-bus:FilletedAccounts 2023-09-01 2024-08-31 08635396 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31
Live Electrics (SW) Limited
Registered Number:08635396
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
08635396
As at 31 August 2024
Live Electrics (SW) Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
45,054
64,943
2
45,054
64,943
Current assets
Inventories
-
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
Capital and reserves
Called up share capital
10
10
Retained earnings
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.
Stuart Hatcliff Director
These financial statements were approved and authorised for issue by the Board on 14 March 2025 and were signed by:
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4
Registered Number :
08635396
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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5
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.
Registered address:
11a Church Road
Winford
Bristol
BS40 8EW
The presentation currency is £ sterling.
1. Accounting policies
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:
33% Reducing balance
Computer Equipment
25% Reducing balance
Motor Vehicles
20% Reducing balance
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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6
For the year ended 31 August 2024
Live Electrics (SW) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
£
£
£
£
Cost or
valuation
At 01 September 2023
167,057
1,603
-
165,454
22,862
2,085
419
20,358
Additions
-
-
(97,441)
Disposals
(97,441)
At 31 August 2024
88,371
419
3,688
92,478
Provision for depreciation and impairment
At 01 September 2023
102,114
1,310
-
100,804
Charge for year
15,244
785
84
14,375
(69,934)
-
-
(69,934)
On disposal
At 31 August 2024
47,424
2,095
84
45,245
At 31 August 2024
Net book value
43,126
335
1,593
45,054
At 31 August 2023
64,650
-
293
64,943
3. Inventories
2023
2024
£
£
Stocks
1,000
-
4. Trade and other receivables
2023
2024
£
£
Trade debtors
32,064
12,728
Amounts owed by directors
-
836
Taxation and social security
3,332
-
Other debtors
799
18,263
31,827
36,195
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7
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
£
£
Trade creditors
13,107
10,313
Taxation and social security
22,727
24,976
Accruals and deferred income
1,950
10,121
Directors' loan accounts
7
-
Obligations under HP/Financial leases
5,761
5,761
Other creditors
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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