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REGISTERED NUMBER: 00283192 (England and Wales)















Unaudited Financial Statements for the Year Ended 28th February 2025

for

B. LIVESEY LIMITED

B. LIVESEY LIMITED (REGISTERED NUMBER: 00283192)






Contents of the Financial Statements
for the Year Ended 28th February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B. LIVESEY LIMITED

Company Information
for the Year Ended 28th February 2025







DIRECTORS: Mr C J E Livesey
Mr M A Livesey





REGISTERED OFFICE: Royal Oak Building
Albion Mews
31 Bolton Street
Chorley
Lancashire
PR7 3AA





REGISTERED NUMBER: 00283192 (England and Wales)





ACCOUNTANTS: BK Plus - Chorley
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

B. LIVESEY LIMITED (REGISTERED NUMBER: 00283192)

Balance Sheet
28th February 2025

28.2.25 29.2.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 187,079 249,876
Investments 5 1,000 1,000
188,079 250,876

CURRENT ASSETS
Stocks 6 17,203 16,384
Debtors 7 780,149 1,621,657
Investments 8 1,018,295 -
Cash at bank and in hand 877,216 731,326
2,692,863 2,369,367
CREDITORS
Amounts falling due within one year 9 774,702 695,651
NET CURRENT ASSETS 1,918,161 1,673,716
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,106,240

1,924,592

CAPITAL AND RESERVES
Called up share capital 12,100 12,100
Retained earnings 2,094,140 1,912,492
SHAREHOLDERS' FUNDS 2,106,240 1,924,592

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

B. LIVESEY LIMITED (REGISTERED NUMBER: 00283192)

Balance Sheet - continued
28th February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th June 2025 and were signed on its behalf by:




Mr C J E Livesey - Director



Mr M A Livesey - Director


B. LIVESEY LIMITED (REGISTERED NUMBER: 00283192)

Notes to the Financial Statements
for the Year Ended 28th February 2025

1. STATUTORY INFORMATION

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

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.

Revenue recognition
The company is not registered for VAT as funeral services are exempt from VAT. Turnover represents the value of goods and services provided to customers during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Impairment of Assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

B. LIVESEY LIMITED (REGISTERED NUMBER: 00283192)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2025

2. ACCOUNTING POLICIES - continued

Deferred tax
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 have been enacted or substantively enacted by the year end 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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Current asset investments
Current asset investments are valued at fair value with any change in value recognised through the profit and loss account.

Investment in subsidiaries
Investments held as fixed assets are stated at cost less provision for any impairment in value.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st March 2024
and 28th February 2025 16,364 207,802 1,095,625 1,319,791
DEPRECIATION
At 1st March 2024 16,364 171,323 882,228 1,069,915
Charge for year - 8,450 54,347 62,797
At 28th February 2025 16,364 179,773 936,575 1,132,712
NET BOOK VALUE
At 28th February 2025 - 28,029 159,050 187,079
At 29th February 2024 - 36,479 213,397 249,876

B. LIVESEY LIMITED (REGISTERED NUMBER: 00283192)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2025

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st March 2024
and 28th February 2025 1,000
NET BOOK VALUE
At 28th February 2025 1,000
At 29th February 2024 1,000

6. STOCKS
28.2.25 29.2.24
£    £   
Goods for resale 17,203 16,384

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade debtors 294,246 359,767
Other debtors 426,026 1,250,772
Directors' current accounts 22,764 -
Deferred tax asset 15,382 3,689
Prepayments and accrued income 21,731 7,429
780,149 1,621,657

8. CURRENT ASSET INVESTMENTS
28.2.25 29.2.24
£    £   
Other 1,018,295 -

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade creditors 518,411 394,293
Tax 147,584 124,359
Social security and other taxes 9,373 28,466
Other creditors 45,364 44,217
Due to subsidiary company 1,000 1,000
Directors' current accounts - 65,916
Accruals and deferred income 52,970 37,400
774,702 695,651

B. LIVESEY LIMITED (REGISTERED NUMBER: 00283192)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2025

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
28.2.25 29.2.24
£    £   
Within one year 129,500 129,500
Between one and five years 224,000 261,500
In more than five years 13,333 69,333
366,833 460,333

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28th February 2025 and 29th February 2024:

28.2.25 29.2.24
£    £   
Mr C J E Livesey
Balance outstanding at start of year - 84,620
Amounts advanced 6,522 -
Amounts repaid - (84,620 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,522 -

Mr M A Livesey
Balance outstanding at start of year - 7,599
Amounts advanced 16,242 -
Amounts repaid - (7,599 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,242 -

12. ULTIMATE CONTROLLING PARTY

Throughout the current year, and previous year, Mr CJE Livesey and Mr MA Livesey have controlled the company by each holding 50% of the issued ordinary share capital.