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Company No: 05336689 (England and Wales)

# LIVE LIFE CARE LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

LIVE LIFE CARE LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

LIVE LIFE CARE LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
LIVE LIFE CARE LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 0 |  | 13,000
Tangible assets | 4 | 24,875 |  | 23,957
|  | 24,875 |  | 36,957
Current assets |  |  |  |
Debtors | 5 | 209,210 |  | 229,615
Cash at bank and in hand |  | 198,675 |  | 152,474
|  | 407,885 |  | 382,089
Creditors: amounts falling due within one year | 6 | ( 228,650) |  | ( 190,894)
Net current assets |  | 179,235 |  | 191,195
Total assets less current liabilities |  | 204,110 |  | 228,152
Creditors: amounts falling due after more than one year | 7 | ( 1,711) |  | ( 15,636)
Provision for liabilities |  | ( 1,519) |  | ( 1,384)
Net assets |  | 200,880 |  | 211,132
Capital and reserves |  |  |  |
Called-up share capital | 8 | 2 |  | 2
Profit and loss account |  | 200,878 |  | 211,130
Total shareholder's funds |  | 200,880 |  | 211,132

For the financial 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.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Live Life Care Limited (registered number: 05336689) were approved and authorised for issue by the Director on 03 November 2025. They were signed on its behalf by:

Mrs A Downing Director |

LIVE LIFE CARE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
LIVE LIFE CARE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Live Life Care Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming, Chy Nyverow, Newham Road, Truro, TR1 2DP, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
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 financial statements. 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 carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 20 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | 3 years straight line
Vehicles | 25 % reducing balance
Fixtures and fittings | 20 % reducing balance
Office equipment | 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 109 |  | 133

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 260,000 |  | 260,000
At 31 March 2025 | 260,000 |  | 260,000
Accumulated amortisation |  |  |
At 01 April 2024 | 247,000 |  | 247,000
Charge for the financial year | 13,000 |  | 13,000
At 31 March 2025 | 260,000 |  | 260,000
Net book value |  |  |
At 31 March 2025 | 0 |  | 0
At 31 March 2024 | 13,000 |  | 13,000

#### 4. Tangible assets

| Land and buildings |  | Vehicles |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 April 2024 | 19,588 |  | 21,800 |  | 30,377 |  | 43,644 |  | 115,409
Additions | 0 |  | 0 |  | 5,661 |  | 963 |  | 6,624
At 31 March 2025 | 19,588 |  | 21,800 |  | 36,038 |  | 44,607 |  | 122,033
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 April 2024 | 19,588 |  | 13,465 |  | 24,135 |  | 34,264 |  | 91,452
Charge for the financial year | 0 |  | 2,084 |  | 1,597 |  | 2,025 |  | 5,706
At 31 March 2025 | 19,588 |  | 15,549 |  | 25,732 |  | 36,289 |  | 97,158
Net book value |  |  |  |  |  |  |  |  |
At 31 March 2025 | 0 |  | 6,251 |  | 10,306 |  | 8,318 |  | 24,875
At 31 March 2024 | 0 |  | 8,335 |  | 6,242 |  | 9,380 |  | 23,957

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 92,104 |  | 137,688
Other debtors | 117,106 |  | 91,927
| 209,210 |  | 229,615

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 13,148 |  | 11,094
Amounts owed to connected companies | 19,864 |  | 19,864
Accruals | 116,278 |  | 114,918
Taxation and social security | 74,160 |  | 36,084
Obligations under finance leases and hire purchase contracts | 0 |  | 1,147
Other creditors | 5,200 |  | 7,787
| 228,650 |  | 190,894

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 1,711 |  | 15,636

There are no amounts included above in respect of which any security has been given by the small entity.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
2 Ordinary shares of £ 1.00 each | 2 |  | 2

#### 9. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the director and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

| 2025 |  | 2024
| £ |  | £
Unpaid contributions due to the fund (inc. in other creditors) | 4,928 |  | 4,759

#### 10. Related party transactions

Transactions with the entity's director

| 2025 |  | 2024
| £ |  | £
Amounts owed by the director | 109,162 |  | 87,438

The amounts owed to the company by the director are repayable on demand and interest has been charged at 2.25%.

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Amounts owed to companies under common control | 19,864 |  | 0

The amounts owed by the company are repayable on demand and no interest is charged on the balance.