Company registration number: 12578055
Unaudited financial statements
for the year ended 31 March 2025
for
Go Live Data Ltd
Pages for filing with the Registrar
Company registration number: 12578055
Go Live Data Ltd
Balance sheet
as at 31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Intangible assets 4 479,304 -
Tangible assets 5 12,269 16,485
491,573 16,485
Current assets
Debtors 298,761 262,263
Cash at bank and in hand 264,197 188,243
562,958 450,506
Creditors: amounts falling due within one
year
(301,190) (132,007)
Net current assets 261,768 318,499
Total assets less current liabilities 753,341 334,984
Creditors: Amounts falling due after more
than one year
(435,000) -
Provisions for liabilities (3,067) (4,121)
NET ASSETS 315,274 330,863
Capital and reserves
Called up share capital 1,530 1,530
Profit and loss account 313,744 329,333
TOTAL EQUITY 315,274 330,863
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 12578055
Go Live Data Ltd
Balance sheet - continued
as at 31 March 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 9 May 2025 and signed on its behalf by:
Mr A Herbert, Director Mr T Langley, Director
9 May 2025 9 May 2025
2
Go Live Data Ltd
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
Go Live Data Ltd is a private company registered in England and Wales. Its registered number is 12578055. The company is limited by shares. Its registered office is 47 Newton Street, Manchester, Lancashire, M1 1FT.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill -
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 20% straight line
3
Go Live Data Ltd
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 11 (2024 - 11).
4 Intangible assets
Goodwill
£
Cost
Additions 595,000
At 31 March 2025 595,000
Amortisation
Charge for year 115,696
At 31 March 2025 115,696
4
Go Live Data Ltd
Notes to the financial statements - continued
for the year ended 31 March 2025
4 Intangible assets - continued
Net book value
At 31 March 2025 479,304
At 31 March 2024 -
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 April 2024 28,647
Additions 4,190
At 31 March 2025 32,837
Depreciation
At 1 April 2024 12,162
Charge for year 8,406
At 31 March 2025 20,568
Net book value
At 31 March 2025 12,269
At 31 March 2024 16,485
6 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024.
2025 2024
£ £
A Herbert
Balance outstanding at start of year 96,500 85,500
Amounts advanced - 11,000
Balance outstanding at end of year 96,500 96,500
Interest free loan
5
Go Live Data Ltd
Notes to the financial statements - continued
for the year ended 31 March 2025
6 Advances, credit and guarantees granted to directors - continued
2025 2024
£ £
T Langley
Balance outstanding at start of year 500 500
Balance outstanding at end of year 500 500
Interest free loan
6