Company Registration No. 10785846 (England and Wales)
Live Economics Ltd
Unaudited accounts
for the year ended 31 May 2025
Live Economics Ltd
Unaudited accounts
Contents
Live Economics Ltd
Company Information
for the year ended 31 May 2025
Director
HOTOPP, Ulrike Elisabeth
Company Number
10785846 (England and Wales)
Registered Office
30
Longcroft Avenue
Banstead
SM7 3AE
Live Economics Ltd
Statement of financial position
as at 31 May 2025
Tangible assets
12,319
13,341
Cash at bank and in hand
28,074
48,112
Creditors: amounts falling due within one year
(47,277)
(73,208)
Net current assets/(liabilities)
8,726
(3,419)
Called up share capital
100
100
Profit and loss account
20,945
9,822
Shareholders' funds
21,045
9,922
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 August 2025 and were signed on its behalf by
HOTOPP, Ulrike Elisabeth
Director
Company Registration No. 10785846
Live Economics Ltd
Notes to the Accounts
for the year ended 31 May 2025
Live Economics Ltd is a private company, limited by shares, registered in England and Wales, registration number 10785846. The registered office is 30, Longcroft Avenue, Banstead, SM7 3AE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At valuation
Amounts falling due within one year
Trade debtors
27,929
4,768
Accrued income and prepayments
-
16,909
Live Economics Ltd
Notes to the Accounts
for the year ended 31 May 2025
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
10,094
5,645
Loans from directors
31,099
63,440
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).