REGISTERED NUMBER: 13887550 (England and Wales)

LIVES EDUCATION LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

6

DIRECTORS:

Mrs N Cooke

A J Wilson

Mrs H Gibb

SECRETARY:

REGISTERED OFFICE:

Lives Headquarters

Units 5-8 Birch Court

Boston Road Industrial Estate

Horncastle

Lincolnshire

LN9 6SB

REGISTERED NUMBER:

13887550 (England and Wales)

AUDITORS:

Duncan & Toplis Audit Limited, Statutory Auditor

5 Resolution Close

Endeavour Park

Boston

Lincolnshire

PE21 7TT

FIXED ASSETS

Intangible assets

4

9,046

11,646

Tangible assets

5

165,181

218,276

174,227

229,922

CURRENT ASSETS

Stocks

11,270

16,162

Debtors

6

94,389

79,243

Cash at bank

61,009

22,988

166,668

118,393

CREDITORS

Amounts falling due within one year

7

94,215

94,674

NET CURRENT ASSETS

72,453

23,719

TOTAL ASSETS LESS CURRENT LIABILITIES

246,680

253,641

CREDITORS

Amounts falling due after more than one year

8

602,522

395,399

NET LIABILITIES

(355,842

)

(141,758

)

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

(355,843

)

(141,759

)

SHAREHOLDERS' FUNDS

(355,842

)

(141,758

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2025 and were signed on its behalf by:

Mrs N Cooke - Director

1.	STATUTORY INFORMATION

LIVES Education Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

At the statement of financial position date, the company had net liabilities of £355,842 (2024 - £141,758) and net current assets of £72,453 (2024 - £23,715).

The Directors confirm that LIVES Education Limited is expected to continue to be able to meet its liabilities in the next 12 months. LIVES Education Limited is closely supported by its parent entity, Lincolnshire Integrated Voluntary Emergency Response (LIVES) and the parent will continue to support the entity in its ongoing activities.

The Directors have given due consideration to the challenging financial performance of the previous 12 months but remain confident in the potential to grow the LIVES Education Limited business. The Company has been successful in securing strategic health service clients, and it is the view of the Directors that the relatively modest market share held in the Lincolnshire and East Midlands areas provides significant opportunities for growth. The Company has engaged specialist marketing resource to drive this sales growth and has plans to increase the sales capacity in line with opportunities.

On this basis, the Directors consider it appropriate to prepare the financial statements on the going concern basis.

Related party exemption

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 subsidiaries within the group.

Revenue

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the incoming benefit can be reliably measured. The following accounting policies are applied to revenue:

Training Income

External training income is accounted for when the training has taken place. Any training booked, but yet to occur is recognised as deferred income until the completion of the training session(s).

Donated Goods and Services

Donated goods and services are recognised when the performance-related conditions are met. Where no performance-related conditions exist, recognition occurs when the goods or services are received.

When the value of the donated goods and services can be reliably measured, the following values apply:

- The value of donated services is measured as the value to the entity.

- The value of other incoming resources from non-exchange transactions shall be measured at the fair value of the resources received or receivable.

If the value cannot be reliably measured, the income will be recognised when the resource is sold.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangible assets

-

Amortised over 5 years

Other intangible assets comprise computer software costs.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery, etc.

-

3, 5 or 10 years depending on the useful life.

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, and impairment loss is recognised in the income statement unless the asset is carried at a revalued amount where the impairment loss is recognised in the revaluation reserve.

Distributions

Taxable profits transferred to the parent, a registered charity, are recognised as distributions from equity when the company has made an irrevocable commitment to the parent to pay the taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

13,000

AMORTISATION

At 1 April 2024

1,354

Charge for year

2,600

At 31 March 2025

3,954

NET BOOK VALUE

At 31 March 2025

9,046

At 31 March 2024

11,646

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

268,358

Additions

2,687

At 31 March 2025

271,045

DEPRECIATION

At 1 April 2024

50,082

Charge for year

55,782

At 31 March 2025

105,864

NET BOOK VALUE

At 31 March 2025

165,181

At 31 March 2024

218,276

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

82,458

66,603

Other debtors

11,931

12,640

94,389

79,243

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

13,004

3,240

Taxation and social security

911

2,476

Other creditors

80,300

88,958

94,215

94,674

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

602,522

395,399

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

11,639

11,639

Between one and five years

13,426

25,065

25,065

36,704

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Tara Bellamy FCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

12.	ULTIMATE CONTROLLING PARTY

The company is controlled by Lincolnshire Integrated Voluntary Emergency Services, a Charitable Company Limited by Guarantee. The registered offices of the controlling company is the same as the registered offices of the company being reported on within these financial statements.

The parent undertaking of the largest and smallest group for which consolidated accounts are prepared is Lincolnshire Integrated Voluntary Emergency Services. Consolidated accounts are available from Companies House.

In the opinion of the directors, this is the company's ultimate controlling party.