Company Registration No. 06834300 (England and Wales)
LiveFX Ltd
Unaudited accounts
for the year ended 31 March 2025
LiveFX Ltd
Unaudited accounts
Contents
LiveFX Ltd
Company Information
for the year ended 31 March 2025
Director
Miss L J M Townsend
Company Number
06834300 (England and Wales)
Registered Office
1 Nagle Close
Burghfield Park
Burghfield Common
Berkshire
RG7 3EB
Accountants
T4 Tax Limited
24 St Marys Way
Burghfield Common
Berkshire
RG7 3YR
LiveFX Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
48,570
64,857
Cash at bank and in hand
110,023
55,945
Creditors: amounts falling due within one year
(133,911)
(114,422)
Net current assets
9,270
21,780
Total assets less current liabilities
57,840
86,637
Provisions for liabilities
Deferred tax
(4,208)
(6,201)
Called up share capital
1,000
1,000
Profit and loss account
52,632
79,436
Shareholders' funds
53,632
80,436
For the 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. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 December 2025 and were signed on its behalf by
Miss L J M Townsend
Director
Company Registration No. 06834300
LiveFX Ltd
Notes to the Accounts
for the year ended 31 March 2025
LiveFX Ltd is a private company, limited by shares, registered in England and Wales, registration number 06834300. The registered office is 1 Nagle Close, Burghfield Park, Burghfield Common, Berkshire, RG7 3EB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance Basis
Computer equipment
33% Reducing Balance Basis
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 items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
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 accounts. 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 is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
LiveFX Ltd
Notes to the Accounts
for the year ended 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised 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 rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
122,196
80,691
7,285
210,172
At 31 March 2025
122,196
80,691
7,285
210,172
At 1 April 2024
91,209
47,858
6,248
145,315
Charge for the year
7,737
8,208
342
16,287
At 31 March 2025
98,946
56,066
6,590
161,602
At 31 March 2025
23,250
24,625
695
48,570
At 31 March 2024
30,987
32,833
1,037
64,857
Amounts falling due within one year
Trade debtors
16,858
62,457
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
1,440
1,440
Taxes and social security
20,023
195
Other creditors
11,318
1,970
Loans from directors
90,788
84,435
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
LiveFX Ltd
Notes to the Accounts
for the year ended 31 March 2025
8
Transactions with related parties
At the period end a balance of £90,788 was owed to the director. (PY £84,435).
During the year total dividends of £89,000 were paid to the director (PY £90,000)
The company is controlled by the director who owns 100% of the called up share capital.
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Average number of employees
During the year the average number of employees was 5 (2024: 5).