Livo Group Ltd - Filleted accounts

Registered number

14587983

Livo Group Ltd

Filleted Accounts

31 January 2025

Livo Group Ltd
Registered number:		14587983
Balance Sheet
as at 31 January 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		546			682

Current assets
Stocks		97,992			35,305
Debtors	4	10,245			3,385
Cash at bank and in hand		3,426			2,020
		111,663			40,710

Creditors: amounts falling due within one year	5	(154,533)			(64,357)

Net current liabilities			(42,870)			(23,647)

Net liabilities			(42,324)			(22,965)

Capital and reserves
Called up share capital			1			1
Profit and loss account			(42,325)			(22,966)

Shareholder's funds			(42,324)			(22,965)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.




Luke Liversage
Director
Approved by the board on 24 October 2025

Livo Group Ltd
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 (as applied to small entities by section 1A of the standard).

	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:

	Computer equipment	over 5 years

	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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		0		0


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 February 2024				853
	At 31 January 2025				853

	Depreciation
	At 1 February 2024				171
	Charge for the year				136
	At 31 January 2025				307

	Net book value
	At 31 January 2025				546
	At 31 January 2024				682


4	Debtors		2025		2024
£				£

	Other debtors		10,245		3,385


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		587		60
	Other creditors		153,946		64,297
			154,533		64,357


6	Other information

	Livo Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	22 Silver Leigh
	Liverpool
	Merseyside
	L17 5BL