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LIV FINANCIAL SOLUTIONS LTD

Registered Number
11013147
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

LIV FINANCIAL SOLUTIONS LTD
Company Information
for the year from 1 November 2023 to 31 October 2024

Directors

Mr Amjid Khan
Mrs Saiqa Khan

Company Secretary

Mr Amjid Khan

Registered Address

152 - 154 Victoria Road
Aston
Birmingham
B6 5HL

Registered Number

11013147 (England and Wales)
LIV FINANCIAL SOLUTIONS LTD
Statement of Financial Position
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,6043,064
2,6043,064
Current assets
Debtors24,39729,828
Cash at bank and on hand5853,131
24,98232,959
Creditors amounts falling due within one year(5,393)(16,130)
Net current assets (liabilities)19,58916,829
Total assets less current liabilities22,19319,893
Net assets22,19319,893
Capital and reserves
Called up share capital100100
Profit and loss account22,09319,793
Shareholders' funds22,19319,893
The financial statements were approved and authorised for issue by the Board of Directors on 24 July 2025, and are signed on its behalf by:
Mrs Saiqa Khan
Director
Registered Company No. 11013147
LIV FINANCIAL SOLUTIONS LTD
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Fixtures and fittings15
Office Equipment15
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 November 235,241
At 31 October 245,241
Depreciation and impairment
At 01 November 232,177
Charge for year460
At 31 October 242,636
Net book value
At 31 October 242,604
At 31 October 233,064