Acorah Software Products - Accounts Production 16.2.800 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 SC664149 Mr Gordon Dunn Miss Olivia Dunn Miss Charlotte Dunn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC664149 2023-06-30 SC664149 2024-06-30 SC664149 2023-07-01 2024-06-30 SC664149 frs-core:CurrentFinancialInstruments 2024-06-30 SC664149 frs-core:ComputerEquipment 2024-06-30 SC664149 frs-core:ComputerEquipment 2023-07-01 2024-06-30 SC664149 frs-core:ComputerEquipment 2023-06-30 SC664149 frs-core:MotorVehicles 2024-06-30 SC664149 frs-core:MotorVehicles 2023-07-01 2024-06-30 SC664149 frs-core:MotorVehicles 2023-06-30 SC664149 frs-core:PlantMachinery 2024-06-30 SC664149 frs-core:PlantMachinery 2023-07-01 2024-06-30 SC664149 frs-core:PlantMachinery 2023-06-30 SC664149 frs-core:ShareCapital 2024-06-30 SC664149 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 SC664149 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC664149 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 SC664149 frs-bus:SmallEntities 2023-07-01 2024-06-30 SC664149 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC664149 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC664149 frs-bus:Director1 2023-07-01 2024-06-30 SC664149 frs-bus:Director2 2023-07-01 2024-06-30 SC664149 frs-bus:Director3 2023-07-01 2024-06-30 SC664149 frs-countries:Scotland 2023-07-01 2024-06-30 SC664149 2022-06-30 SC664149 2023-06-30 SC664149 2022-07-01 2023-06-30 SC664149 frs-core:CurrentFinancialInstruments 2023-06-30 SC664149 frs-core:ShareCapital 2023-06-30 SC664149 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: SC664149
Liv Active Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
M Squared Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC664149
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30,131 3,055
30,131 3,055
CURRENT ASSETS
Stocks 5 86,000 126,000
Debtors 6 - 7,312
Cash at bank and in hand 8,713 18,441
94,713 151,753
Creditors: Amounts Falling Due Within One Year 7 (125,444 ) (158,750 )
NET CURRENT ASSETS (LIABILITIES) (30,731 ) (6,997 )
TOTAL ASSETS LESS CURRENT LIABILITIES (600 ) (3,942 )
NET LIABILITIES (600 ) (3,942 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (700 ) (4,042 )
SHAREHOLDERS' FUNDS (600) (3,942)
Page 1
Page 2
For the year ending 30 June 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Gordon Dunn
Director
28/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Liv Active Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC664149 . The registered office is 15 Frithside Street, Fraserburgh, Aberdeenshire, AB43 9AR.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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 20% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 2,669 - 752 3,421
Additions - 29,531 1,180 30,711
As at 30 June 2024 2,669 29,531 1,932 34,132
Depreciation
As at 1 July 2023 178 - 188 366
Provided during the period 498 2,701 436 3,635
As at 30 June 2024 676 2,701 624 4,001
...CONTINUED
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Page 4
Net Book Value
As at 30 June 2024 1,993 26,830 1,308 30,131
As at 1 July 2023 2,491 - 564 3,055
5. Stocks
2024 2023
£ £
Stock 86,000 126,000
6. Debtors
2024 2023
£ £
Due within one year
VAT - 7,312
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
VAT 20,235 -
Accruals and deferred income 1,001 1,000
Directors' loan accounts 104,208 157,750
125,444 158,750
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4