Registered number
03815201
Livewire Voice & Data Communications Limited
Report and Accounts
31 January 2025
Accountancy 4 Wealth Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP

Livewire Voice & Data Communications Limited
Registered number: 03815201
Balance Sheet
as at 31 January 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 37,265 |  |  | 50,005
Current assets
Stocks |  |  | 2,145 |  |  | 4,533
Debtors | 4 |  | 3,518,135 |  |  | 3,445,458
Cash at bank and in hand |  |  | 84,730 |  |  | 91,538
|  |  | 3,605,010 |  |  | 3,541,529
Creditors: amounts falling due within one year | 5 |  | (300,566) |  |  | (243,646)
Net current assets |  |  |  | 3,304,444 |  |  | 3,297,883
Total assets less current liabilities |  |  |  | 3,341,709 |  |  | 3,347,888
Creditors: amounts falling due after more than one year | 6 |  |  | (5,830) |  |  | (26,650)
Provisions for liabilities |  |  |  | (9,316) |  |  | (12,532)
Net assets |  |  |  | 3,326,563 |  |  | 3,308,706
Capital and reserves
Called up share capital |  |  |  | 1,000 |  |  | 1,000
Profit and loss account |  |  |  | 3,325,563 |  |  | 3,307,706
Shareholders' funds |  |  |  | 3,326,563 |  |  | 3,308,706
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
E P De Vries
Director
Approved by the board on 17 April 2025

Livewire Voice & Data Communications Limited
Notes to the Accounts
for the year ended 31 January 2025
1 | Accounting policies
| 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.
| 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Motor vehicles | 25% reducing balance
| Fixtures, fittings, tools and equipment | 25% reducing balance
| Stocks
| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Leasing and hire purchase commitments
| Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 7 |  | 7
3 | Tangible fixed assets
|  |  |  | Plant and machinery etc |  | Motor vehicles |  | Total
£ | £ | £
| Cost
| At 1 February 2024 | 16,286 |  | 80,146 |  | 96,432
| Disposals | - |  | (12,048) |  | (12,048)
| At 31 January 2025 | 16,286 |  | 68,098 |  | 84,384
| Depreciation
| At 1 February 2024 | 9,677 |  | 36,750 |  | 46,427
| Charge for the year | 1,652 |  | 10,770 |  | 12,422
| On disposals | - |  | (11,730) |  | (11,730)
| At 31 January 2025 | 11,329 |  | 35,790 |  | 47,119
| Net book value
| At 31 January 2025 | 4,957 |  | 32,308 |  | 37,265
| At 31 January 2024 | 6,609 |  | 43,396 |  | 50,005
4 | Debtors | 2025 |  | 2024
£ | £
| Trade debtors | 67,798 |  | 147,114
| Amounts owed by group undertakings and undertakings in which the company has a participating interest |  | 2,977,222 |  | 2,977,222
| Other debtors | 473,115 |  | 321,122
|  |  |  |  |  | 3,518,135 |  | 3,445,458
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Obligations under finance lease and hire purchase contracts | 17,682 |  | 15,793
| Trade creditors | 56,291 |  | 12,120
| Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 118,702 |  | 118,702
| Corporation tax | 9,073 |  | 19,361
| Other taxes and social security costs | 22,153 |  | 32,522
| Other creditors | 76,665 |  | 45,148
|  |  |  |  |  | 300,566 |  | 243,646
6 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Obligations under finance lease and hire purchase contracts | 5,830 |  | 26,650
7 | Related party transactions
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned/connected subsidiaries.
8 | Controlling party
| The company is 100% owned by Livewire Integrated Services Limited, a company incorporated in the UK.
| The ultimate controlling company is Shilling Trading Limited, a company incorporated in the UK.

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