Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312023-06-01falseNo description of principal activity44falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07430544 2023-06-01 2024-05-31 07430544 2022-06-01 2023-05-31 07430544 2024-05-31 07430544 2023-05-31 07430544 c:Director1 2023-06-01 2024-05-31 07430544 d:MotorVehicles 2023-06-01 2024-05-31 07430544 d:MotorVehicles 2024-05-31 07430544 d:MotorVehicles 2023-05-31 07430544 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07430544 d:FurnitureFittings 2023-06-01 2024-05-31 07430544 d:FurnitureFittings 2024-05-31 07430544 d:FurnitureFittings 2023-05-31 07430544 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07430544 d:OfficeEquipment 2023-06-01 2024-05-31 07430544 d:OfficeEquipment 2024-05-31 07430544 d:OfficeEquipment 2023-05-31 07430544 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07430544 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07430544 d:CurrentFinancialInstruments 2024-05-31 07430544 d:CurrentFinancialInstruments 2023-05-31 07430544 d:Non-currentFinancialInstruments 2024-05-31 07430544 d:Non-currentFinancialInstruments 2023-05-31 07430544 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 07430544 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 07430544 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 07430544 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 07430544 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-05-31 07430544 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 07430544 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 07430544 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 07430544 d:ShareCapital 2024-05-31 07430544 d:ShareCapital 2023-05-31 07430544 d:RetainedEarningsAccumulatedLosses 2024-05-31 07430544 d:RetainedEarningsAccumulatedLosses 2023-05-31 07430544 c:FRS102 2023-06-01 2024-05-31 07430544 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07430544 c:FullAccounts 2023-06-01 2024-05-31 07430544 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07430544 d:BetweenOneFiveYears 2024-05-31 07430544 d:BetweenOneFiveYears 2023-05-31 07430544 2 2023-06-01 2024-05-31 07430544 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 07430544









LYVLEE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
LYVLEE LIMITED
07430544

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
25,114
30,169

  
25,114
30,169

Current assets
  

Stocks
  
60,168
36,026

Debtors: amounts falling due within one year
 5 
362,314
121,089

Cash at bank and in hand
 6 
132,836
126,323

  
555,318
283,438

Creditors: amounts falling due within one year
 7 
(99,907)
(50,023)

Net current assets
  
 
 
455,411
 
 
233,415

Total assets less current liabilities
  
480,525
263,584

Creditors: amounts falling due after more than one year
 8 
(285,577)
(170,368)

  

Net assets
  
194,948
93,216


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
194,848
93,116

  
194,948
93,216


Page 1

 
LYVLEE LIMITED
07430544
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 March 2025.




Alan Charles Bashforth
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
LYVLEE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Lyvlee Limited is a company incorporated in the United Kingdom under the Companies Act. The company is a private company limited by shares and is registered in England and Wales. The company's registered number is 07430544. The address of the registered office is 1 The Green, Richmond, England, TW9 1PL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
LYVLEE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
LYVLEE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
20% Straight line
Fixtures and fittings
-
20% Straight line
Office equipment
-
20% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 5

 
LYVLEE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 June 2023
49,210
4,841
810
54,861


Additions
-
1,997
1,562
3,559



At 31 May 2024

49,210
6,838
2,372
58,420



Depreciation


At 1 June 2023
22,557
1,877
258
24,692


Charge for the year on owned assets
7,039
1,101
474
8,614



At 31 May 2024

29,596
2,978
732
33,306



Net book value



At 31 May 2024
19,614
3,860
1,640
25,114



At 31 May 2023
26,653
2,964
552
30,169


5.


Debtors

2024
2023
£
£


Trade debtors
183,411
111,495

Other debtors
178,903
9,594

362,314
121,089



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
132,836
126,323

132,836
126,323


Page 6

 
LYVLEE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
27,970
9,951

Trade creditors
33,122
13,818

Corporation tax
7,175
-

Other taxation and social security
29,908
15,938

Other creditors
282
8,866

Accruals and deferred income
1,450
1,450

99,907
50,023



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
11,667
21,667

Other creditors
273,910
148,701

285,577
170,368


Page 7

 
LYVLEE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
27,969
9,951


27,969
9,951

Amounts falling due 1-2 years

Other loans
10,000
10,000


10,000
10,000

Amounts falling due 2-5 years

Other loans
1,667
11,667


1,667
11,667


39,636
31,618



10.


Commitments under operating leases

At 31 May 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Later than 1 year and not later than 5 years
-
23,946

-
23,946


11.


Controlling party

The directors consider the ultimate parent undertaking to be Bioemulous Limited, a company which is
registered in England and Wales, number 08905301. The registered office is 1 The Green, Richmond, England, TW9 1PL.

 
Page 8