Company Registration No. 12024666 (England and Wales)
Emotive Live Ltd
Unaudited accounts
for the year ended 31 March 2025
Emotive Live Ltd
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
28,178
31,972
Creditors: amounts falling due within one year
(15,568)
(40,212)
Net current assets/(liabilities)
32,728
(6,932)
Total assets less current liabilities
35,259
(6,856)
Creditors: amounts falling due after more than one year
(20,085)
40,800
Provisions for liabilities
Called up share capital
11
11
Profit and loss account
14,682
33,917
Shareholders' funds
14,693
33,928
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by
Phillip Ross
Director
Company Registration No. 12024666
Emotive Live Ltd
Notes to the Accounts
for the year ended 31 March 2025
Emotive Live Ltd is a private company, limited by shares, registered in England and Wales, registration number 12024666. The registered office is 28 High Street, Bidford-on-Avon, Alcester, Warks, B50 4AA, United Kingdom.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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:
Computer equipment
Straight Line 3 yrs
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Emotive Live Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
194
1,308
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
8,705
7,893
Loans from directors
-
27,899
7
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
20,085
(40,800)
Emotive Live Ltd
Notes to the Accounts
for the year ended 31 March 2025
8
Deferred taxation
2025
2024
Accelerated capital allowances
481
16
Provision at start of year
16
102
Charged/(credited) to the profit and loss account
465
(86)
Provision at end of year
481
16
Allotted, called up and fully paid:
9 A Ordinary Shares of £1 each
9
9
1 B Ordinary Shares of £1 each
1
1
1 C Ordinary Shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Directors
39,100
-
23,994
15,106
11
Average number of employees
During the year the average number of employees was 3 (2024: 3).