Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-312025-05-26No description of principal activity22024-01-01false2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03318444 2024-01-01 2024-12-31 03318444 2023-01-01 2023-12-31 03318444 2024-12-31 03318444 2023-12-31 03318444 c:Director1 2024-01-01 2024-12-31 03318444 d:OfficeEquipment 2024-01-01 2024-12-31 03318444 d:OfficeEquipment 2024-12-31 03318444 d:OfficeEquipment 2023-12-31 03318444 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03318444 d:CurrentFinancialInstruments 2024-12-31 03318444 d:CurrentFinancialInstruments 2023-12-31 03318444 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 03318444 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03318444 d:ShareCapital 2024-12-31 03318444 d:ShareCapital 2023-12-31 03318444 d:RetainedEarningsAccumulatedLosses 2024-12-31 03318444 d:RetainedEarningsAccumulatedLosses 2023-12-31 03318444 c:FRS102 2024-01-01 2024-12-31 03318444 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03318444 c:FullAccounts 2024-01-01 2024-12-31 03318444 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03318444 2 2024-01-01 2024-12-31 03318444 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 03318444












LIVAN LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED
 31 DECEMBER 2024



















 


img7166.png
01483 755 399
hamlyns.com

 
LIVAN LIMITED
REGISTERED NUMBER: 03318444

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
145
228

  
145
228

Current assets
  

Debtors: amounts falling due within one year
 5 
869,737
1,178,067

Cash at bank and in hand
 6 
91,935
60,998

  
961,672
1,239,065

Creditors: amounts falling due within one year
 7 
(552,517)
(762,661)

Net current assets
  
 
 
409,155
 
 
476,404

Total assets less current liabilities
  
409,300
476,632

  

Net assets
  
409,300
476,632


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
409,290
476,622

  
409,300
476,632


The director considers 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 director acknowledges his 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 comprehensive income 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 26 May 2025.



Neale Gordon
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 1

 
LIVAN LIMITED
REGISTERED NUMBER: 03318444

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024


Page 2

 
LIVAN LIMITED
 

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

1.


General information

Livan Limited is a private company, limited by shares, registered in England and Wales. The company's registered office address and registered number are below:
Registered office address: Sundial House, High Street, Horsell, Woking, Surrey, GU21 4SU
Registered number: 03318444

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 comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
LIVAN LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

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

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
LIVAN LIMITED
 

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

2.Accounting policies (continued)

 
2.6

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.


 
2.7

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.

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:

Office equipment
-
25%
On cost

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
LIVAN LIMITED
 

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

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2024
10,092



At 31 December 2024

10,092



Depreciation


At 1 January 2024
9,864


Charge for the year on owned assets
83



At 31 December 2024

9,947



Net book value



At 31 December 2024
145



At 31 December 2023
229


5.


Debtors

2024
2023
£
£


Trade debtors
838,070
1,178,006

Other debtors
31,667
61

869,737
1,178,067



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
91,935
60,998

91,935
60,998


Page 6

 
LIVAN LIMITED
 

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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
537,412
663,280

Corporation tax
11,406
66,068

Other taxation and social security
1,045
601

Other creditors
824
30,932

Accruals and deferred income
1,830
1,780

552,517
762,661



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £1,440 (2023 - £1.440) . Contributions totalling £480 (2023 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.


Page 7