Live Innovative Solutions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11007812 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

LIVE INNOVATIVE SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H J Weekes

J Weekes

REGISTERED OFFICE:

22 b Leathermarket Street

Southwark

London

SE1 3HP

REGISTERED NUMBER:

11007812 (England and Wales)

ACCOUNTANTS:

Friend & Grant Ltd

Bryant House

Bryant Road

Strood

Rochester

Kent

ME2 3EW

FIXED ASSETS

Tangible assets

4

1,224,585

1,048,682

Investments

5

85

-

1,224,670

1,048,682

CURRENT ASSETS

Stocks

166,780

356,070

Debtors

6

1,944,834

2,674,576

Cash at bank and in hand

2,112,670

467,830

4,224,284

3,498,476

CREDITORS

Amounts falling due within one year

7

2,768,478

2,731,766

NET CURRENT ASSETS

1,455,806

766,710

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,680,476

1,815,392

CREDITORS

Amounts falling due after more than one
year

8

(583,909

)

(598,047

)

PROVISIONS FOR LIABILITIES

(79,681

)

(30,752

)

NET ASSETS

2,016,886

1,186,593

CAPITAL AND RESERVES

Called up share capital

100

Share premium

149,936

Revaluation reserve

165,089

-

Retained earnings

1,701,761

1,036,557

SHAREHOLDERS' FUNDS

2,016,886

1,186,593

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 22 December 2025 and were signed on its behalf by:

H J Weekes - Director

1.	STATUTORY INFORMATION

Live Innovative Solutions 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 as modified by the revaluation of certain assets.

Turnover

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 measured as the fair value of the consideration received or receivable from the sale of goods or exchange of services, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

The percentage of completion method is used to calculate the turnover recognised at the period end.

Turnover from the rendering of services is recognised when all of the following conditions are satisfied:

- the amount of turnover can be measured reliably;

- it is probable that the economic benefits associated with the transaction will flow to the entity;

- the stage of completion of the transaction at the end of the reporting period can be measured reliably; and

- the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

33% on cost and 20% on cost

Motor vehicles

-

25% on cost

Tangible fixed assets, other than freehold property, are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Freehold property is revalued to fair value, being the market value at the date of valuation, less any subsequent accumulated depreciation and impairment losses. Revaluations are performed with sufficient regularity to ensure that the carrying amount does not differ materially from fair value at the reporting date.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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 balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Assets held under finance lease and hire purchase contracts are capitalised in the balance sheet and depreciated over their expected useful lives. The interest element of the leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease.

All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits

The company recognises a provision for annual leave accrued by employees as a result of services rendered in current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

Financial instruments

Basic financial assets/liabilities including trade and other receivables/payables, cash and bank balances, are initially recognised at transaction price unless the arrangement constitutes a financing transaction (loan over period of time) where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Such assets/liabilities are subsequently carried at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST OR VALUATION

At 1 November 2024

947,300

59,899

59,714

93,093

1,160,006

Additions

5,352

-

11,428

-

16,780

Disposals

-

(11,829

)

(3,564

)

-

(15,393

)

Revaluations

197,348

-

197,348

At 31 October 2025

1,150,000

48,070

67,578

93,093

1,358,741

DEPRECIATION

At 1 November 2024

3,719

48,300

18,980

40,325

111,324

Charge for year

19,052

3,017

18,824

20,098

60,991

Eliminated on disposal

-

(11,827

)

(3,561

)

-

(15,388

)

Revaluation adjustments

(22,771

)

-

(22,771

)

At 31 October 2025

-

39,490

34,243

60,423

134,156

NET BOOK VALUE

At 31 October 2025

1,150,000

8,580

33,335

32,670

1,224,585

At 31 October 2024

943,581

11,599

40,734

52,768

1,048,682

Cost or valuation at 31 October 2025 is represented by:

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

Valuation in 2025

1,150,000

48,070

67,578

93,093

1,358,741

Freehold land and buildings were revalued at 31 October 2025 on a market value basis. The valuation was carried out by the director. A formal valuation by an independent chartered surveyor was not carried out. The carrying value of freehold land and buildings under the cost model would have been £929,881 (2024 : £943,581) as at 31st October 2025.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

Additions

85

At 31 October 2025

85

NET BOOK VALUE

At 31 October 2025

85

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

486,508

489,095

Other debtors

1,458,326

2,185,481

1,944,834

2,674,576

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

7,471

188,218

Trade creditors

1,050,537

1,399,904

Amounts owed to group undertakings

85

-

Taxation and social security

555,998

141,904

Other creditors

1,154,387

1,001,740

2,768,478

2,731,766

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

583,909

598,047

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

548,127

558,043

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

591,380

786,265

The bank loan is secured by a fixed and floating charge over the assets of the company.

10.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £20,426 (2024: £32,426)

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

2025

2024

£

H J Weekes

Balance outstanding at start of year

-

Amounts advanced

72,116

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

72,116

-

The loan to the director from the company is unsecured and repayable on demand. Interest has been charged at the official rate per HMRC.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is H J Weekes.