Acorah Software Products - Accounts Production 16.5.460 false true true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 07429017 Mr Y Xu Mrs X Chen Mr F Li Miss Callie Zhou iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07429017 2023-11-30 07429017 2024-11-30 07429017 2023-12-01 2024-11-30 07429017 frs-core:CurrentFinancialInstruments 2024-11-30 07429017 frs-core:Non-currentFinancialInstruments 2024-11-30 07429017 frs-core:ComputerEquipment 2024-11-30 07429017 frs-core:ComputerEquipment 2023-12-01 2024-11-30 07429017 frs-core:ComputerEquipment 2023-11-30 07429017 frs-core:FurnitureFittings 2024-11-30 07429017 frs-core:FurnitureFittings 2023-12-01 2024-11-30 07429017 frs-core:FurnitureFittings 2023-11-30 07429017 frs-core:MotorVehicles 2024-11-30 07429017 frs-core:MotorVehicles 2023-12-01 2024-11-30 07429017 frs-core:MotorVehicles 2023-11-30 07429017 frs-core:PlantMachinery 2024-11-30 07429017 frs-core:PlantMachinery 2023-12-01 2024-11-30 07429017 frs-core:PlantMachinery 2023-11-30 07429017 frs-core:ShareCapital 2024-11-30 07429017 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 07429017 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 07429017 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 07429017 frs-bus:SmallEntities 2023-12-01 2024-11-30 07429017 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 07429017 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 07429017 frs-bus:Director1 2023-12-01 2024-11-30 07429017 frs-bus:Director2 2023-12-01 2024-11-30 07429017 frs-bus:Director3 2023-12-01 2024-11-30 07429017 frs-bus:CompanySecretary1 2023-12-01 2024-11-30 07429017 1 2023-12-01 2024-11-30 07429017 frs-countries:EnglandWales 2023-12-01 2024-11-30 07429017 2022-11-30 07429017 2023-11-30 07429017 2022-12-01 2023-11-30 07429017 frs-core:CurrentFinancialInstruments 2023-11-30 07429017 frs-core:Non-currentFinancialInstruments 2023-11-30 07429017 frs-core:ShareCapital 2023-11-30 07429017 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 07429017 1 2022-12-01 2023-11-30
Registered number: 07429017
Live Electrical Distribution (UK) Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07429017
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 42,859 49,734
42,859 49,734
CURRENT ASSETS
Stocks 5 1,738,756 1,761,627
Debtors 6 1,111,200 1,421,368
Cash at bank and in hand 181,710 261,357
3,031,666 3,444,352
Creditors: Amounts Falling Due Within One Year 7 (3,561,209 ) (3,386,824 )
NET CURRENT ASSETS (LIABILITIES) (529,543 ) 57,528
TOTAL ASSETS LESS CURRENT LIABILITIES (486,684 ) 107,262
Creditors: Amounts Falling Due After More Than One Year 8 (6,127 ) (16,545 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (4,534 ) (7,382 )
NET (LIABILITIES)/ASSETS (497,345 ) 83,335
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (497,445 ) 83,235
SHAREHOLDERS' FUNDS (497,345) 83,335
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Page 2
For the year ending 30 November 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Y Xu
Director
28 August 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Live Electrical Distribution (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07429017 . The registered office is 4 Queensmead Place, Trafford Park, Manchester, M17 1PH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information in making their assessment. The directors have taken into account the effects on the company and have reviewed a period of exceeding 12 months from the date of approval of these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue operational existence and for this reason will continue to adopt the going concern basis in the preparation of its financial statements.
2.3. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 20% straight line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office, admin 17 12
17 12
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 10,873 58,682 21,470 20,045 111,070
Additions 816 - 5,692 4,506 11,014
Disposals - - (2,482 ) (3,795 ) (6,277 )
As at 30 November 2024 11,689 58,682 24,680 20,756 115,807
...CONTINUED
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Depreciation
As at 1 December 2023 5,063 33,926 11,022 11,325 61,336
Provided during the period 1,657 6,189 3,757 3,308 14,911
Disposals - - (1,368 ) (1,931 ) (3,299 )
As at 30 November 2024 6,720 40,115 13,411 12,702 72,948
Net Book Value
As at 30 November 2024 4,969 18,567 11,269 8,054 42,859
As at 1 December 2023 5,810 24,756 10,448 8,720 49,734
5. Stocks
2024 2023
£ £
Stock 1,738,756 1,761,627
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,009,075 982,763
Other debtors 102,125 438,605
1,111,200 1,421,368
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,178,477 2,788,802
Bank loans and overdrafts 10,419 10,276
Other creditors 40,039 229,985
Taxation and social security 332,274 357,761
3,561,209 3,386,824
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,127 16,545
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9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 4,534 7,382
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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