Registered number
09332278
Live Well Collection Ltd
Filleted Accounts
30 September 2024
Live Well Collection Ltd
Registered number: 09332278
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 77,500 77,500
Tangible assets 4 96,843 96,843
174,343 174,343
Current assets
Investments held as current assets 5 65,000 65,000
Creditors: amounts falling due within one year 6 (64,777) (55,592)
Net current assets 223 9,408
Total assets less current liabilities 174,566 183,751
Creditors: amounts falling due after more than one year 7 (238,266) (238,266)
Net liabilities (63,700) (54,515)
Capital and reserves
Called up share capital 239 239
Share premium 75,937 75,937
Revaluation reserve 8 77,499 77,499
Profit and loss account (217,375) (208,190)
Shareholder's funds (63,700) (54,515)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Jack Knowles
Director
Approved by the board on 17 May 2025
Live Well Collection Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Going Concern
The director can state that the company is still a going concern and the accounts have been drafted with the conclusion the company is still a going concern.
The other long term creditors in the accounts are all due to parties despite not being group undertakings.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 77,500
At 30 September 2024 77,500
Amortisation
At 30 September 2024 -
Net book value
At 30 September 2024 77,500
At 30 September 2023 77,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Patents and Licences Computer Equipment Total
£ £ £
Cost
At 1 October 2023 121,054 1,083 122,137
At 30 September 2024 121,054 1,083 122,137
Depreciation
At 1 October 2023 24,211 1,083 25,294
At 30 September 2024 24,211 1,083 25,294
Net book value
At 30 September 2024 96,843 - 96,843
At 30 September 2023 96,843 - 96,843
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 65,000 65,000
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 5,969
Taxation and social security costs 298 2,327
Other creditors 64,479 47,296
64,777 55,592
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 238,266 238,266
8 Revaluation reserve 2024 2023
£ £
At 1 October 2023 77,499 77,499
At 30 September 2024 77,499 77,499
9 Other information
Live Well Collection Ltd is a private company limited by shares and incorporated in England. Its registered office is:
86-90 Paul Street
London
EC2A 4NE
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