| 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 |