Livve Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 13662161

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		66,491		66,491
Tangible Assets	5		2,386		2,424

			68,877		68,915
CURRENT ASSETS
Debtors	6	24,611		6,776
Cash at bank and in hand		4,411		30,135

		29,022		36,911
Creditors: Amounts Falling Due Within One Year	7	(9,719 )		(35,992 )

NET CURRENT ASSETS (LIABILITIES)			19,303		919

TOTAL ASSETS LESS CURRENT LIABILITIES			88,180		69,834

Creditors: Amounts Falling Due After More Than One Year	8		(5,337 )		-

NET ASSETS			82,843		69,834

CAPITAL AND RESERVES
Called up share capital	9		21,999		5,500
Share premium account			244,962		244,962
Profit and Loss Account			(184,118 )		(180,628 )

SHAREHOLDERS' FUNDS			82,843		69,834

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Livve Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

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

Ms Melissa Sookia

Director

25th September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Livve Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13662161 . The registered office is 708a King Lane, Leeds, LS17 7AW.

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. 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 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.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

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	20% Reducing Balance
Fixtures & Fittings	20% Reducing Balance
Computer Equipment	20% Reducing Balance

3. Average Number of Employees

3Average number of employees, including directors, during the year was: 3 (2023: 3)

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 January 2024	66,491

As at 31 December 2024	66,491

Net Book Value
As at 31 December 2024	66,491

As at 1 January 2024	66,491

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Livve Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	1,282	528	1,256	3,066
Additions	-	557	-	557

As at 31 December 2024	1,282	1,085	1,256	3,623

Depreciation
As at 1 January 2024	-	190	452	642
Provided during the period	256	179	160	595

As at 31 December 2024	256	369	612	1,237

Net Book Value
As at 31 December 2024	1,026	716	644	2,386

As at 1 January 2024	1,282	338	804	2,424

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	7,492	2,440
VAT	16,541	4,336
Other taxes and social security	578	-

	24,611	6,776

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	8,219	13,231
Other taxes and social security	-	3,441
Net wages	-	11,240
Other creditors	-	6,580
Accruals and deferred income	1,500	1,500

	9,719	35,992

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Other creditors	5,337	-

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	21,999	5,500

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