Live It Group Ltd

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

Registered number: 08432364

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	246,546		344,777
Cash at bank and in hand		542,817		1,313,757

		789,363		1,658,534
Creditors: Amounts Falling Due Within One Year	5	(392,851 )		(968,338 )

NET CURRENT ASSETS (LIABILITIES)			396,512		690,196

TOTAL ASSETS LESS CURRENT LIABILITIES			396,512		690,196

Creditors: Amounts Falling Due After More Than One Year	6		(244,336 )		(187,502 )

NET ASSETS			152,176		502,694

CAPITAL AND RESERVES
Called up share capital	7		549		549
Share premium account			2,226,554		2,241,564
Capital redemption reserve			68		68
Profit and Loss Account			(2,074,995 )		(1,739,487 )

SHAREHOLDERS' FUNDS			152,176		502,694

Page 1

Page 2

Live It Group Ltd

Balance Sheet (continued)

As At 31 March 2025

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 directors acknowledge their 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

Mr Kenton Ward

Director

11/12/2025

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

1. General Information

Live It Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08432364 . The registered office is 7 Bell Yard, London, WC2A 2JR.

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. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.4. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.5. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

2.6. Research and Development

Expenditure on research and development is written off in the year in which it is incurred

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2024: 14)

Page 3

Page 4

Live It Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	55,134	10,500
Prepayments and accrued income	38,245	2,743
Other debtors	150,663	330,988
Other taxes and social security	2,504	546

	246,546	344,777

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	29,195	24,167
Bank loans and overdrafts	10,000	10,000
VAT	13,463	11,581
Other creditors	216,958	789,786
Accruals and deferred income	122,798	132,804
Directors' loan accounts	437	-

	392,851	968,338

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

	2025	2024
	£	£
Bank loans	2,502	12,502
Other creditors	66,834	-
Convertible Loan Note	175,000	175,000

	244,336	187,502

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	549	549

The share capital includes an allotment of 707,688. The funds for these were received in March and are recorded in the above accounts. Documentation was filed at Companies House, dated 2nd April 2024.

Page 4