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REGISTERED NUMBER: 07040077 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

LIV TECHNOLOGY CONCEPTS LIMITED

LIV TECHNOLOGY CONCEPTS LIMITED (REGISTERED NUMBER: 07040077)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIV TECHNOLOGY CONCEPTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: N M Martins Vitorino





SECRETARY: N M Martins Vitorino





REGISTERED OFFICE: Unit 7 The Venture Centre
University Of Warwick Science Park
Sir William Lyons Road
Coventry
CV4 7EZ





REGISTERED NUMBER: 07040077 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

LIV TECHNOLOGY CONCEPTS LIMITED (REGISTERED NUMBER: 07040077)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 8,224 12,204

CURRENT ASSETS
Debtors: amounts falling due within one year 5 64,813 33,621
Debtors: amounts falling due after more than
one year

5

-

12,215
Cash at bank and in hand 7,157 15,316
71,970 61,152
CREDITORS
Amounts falling due within one year 6 91,668 113,341
NET CURRENT LIABILITIES (19,698 ) (52,189 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,474

)

(39,985

)

CREDITORS
Amounts falling due after more than one year 7 14,210 14,210
NET LIABILITIES (25,684 ) (54,195 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (25,685 ) (54,196 )
(25,684 ) (54,195 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

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 director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

LIV TECHNOLOGY CONCEPTS LIMITED (REGISTERED NUMBER: 07040077)

BALANCE SHEET - continued
31 AUGUST 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2025 and were signed by:





N M Martins Vitorino - Director


LIV TECHNOLOGY CONCEPTS LIMITED (REGISTERED NUMBER: 07040077)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Liv Technology Concepts Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office can be found on the Company Information page.

The presentational currency of the financial statements is Pound Sterling (£) which is rounded to the nearest Pound (£).

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 historical cost convention.

Going concern
The financial statements have been prepared on the going concern basis, on the understanding the director and the director's connected companies will support the company whilst the balance sheet shows net liabilities, and have committed to do so for at least 12 months from the date of approval of these financial statements.

Turnover
Turnover represents the fair value of the consideration received or receivable for goods sold and services provided in the ordinary course of business, net of VAT and trade discounts. Revenue is recognised only when it is probable that the economic benefits associated with the transaction will flow to the company, and the amount of revenue can be measured reliably.

Tangible fixed assets
Tangible fixed assets held for the company’s own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on a straight-line basis at rates of 20% to 33% per annum.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Financial instruments
Financial instruments are classified by the director as basic or advanced following the conditions in FRS 102 section 1A. Basic financial instruments are recognised at amortised cost using effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

LIV TECHNOLOGY CONCEPTS LIMITED (REGISTERED NUMBER: 07040077)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 26,988
Additions 2,990
At 31 August 2024 29,978
DEPRECIATION
At 1 September 2023 14,784
Charge for year 6,970
At 31 August 2024 21,754
NET BOOK VALUE
At 31 August 2024 8,224
At 31 August 2023 12,204

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 59,286 33,327
Other debtors 5,527 294
64,813 33,621

LIV TECHNOLOGY CONCEPTS LIMITED (REGISTERED NUMBER: 07040077)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors - 12,215

Aggregate amounts 64,813 45,836

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 39,812 64,046
Taxation and social security 31,038 26,785
Other creditors 20,818 22,510
91,668 113,341

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 14,210 14,210

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 7,665 7,397