0 EKOL Live Limited 09233558 false 2024-07-01 2025-06-30 2025-06-30 The principal activity of the company is the provision of online medical education. Digita Accounts Production Advanced 6.30.9574.0 true true 09233558 2024-07-01 2025-06-30 09233558 2025-06-30 09233558 core:ProvisionsDeferredTax 2025-06-30 09233558 core:CurrentFinancialInstruments 2025-06-30 09233558 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 09233558 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-06-30 09233558 bus:SmallEntities 2024-07-01 2025-06-30 09233558 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 09233558 bus:FilletedAccounts 2024-07-01 2025-06-30 09233558 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 09233558 bus:RegisteredOffice 2024-07-01 2025-06-30 09233558 bus:Director1 2024-07-01 2025-06-30 09233558 bus:Director2 2024-07-01 2025-06-30 09233558 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 09233558 bus:Agent1 2024-07-01 2025-06-30 09233558 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-07-01 2025-06-30 09233558 core:OfficeEquipment 2024-07-01 2025-06-30 09233558 countries:AllCountries 2024-07-01 2025-06-30 09233558 2024-06-30 09233558 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 09233558 2023-07-01 2024-06-30 09233558 2024-06-30 09233558 core:OtherDeferredTax 2024-06-30 09233558 core:ProvisionsDeferredTax 2024-06-30 09233558 core:CurrentFinancialInstruments 2024-06-30 09233558 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 09233558 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 xbrli:pure iso4217:GBP

Registration number: 09233558 (England and Wales)

Prepared for the registrar
EKOL Live Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 June 2025

EKOL Live Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 8

EKOL Live Limited

Company Information

Directors | S D Gee S Kirsch

Registered office | 5/6 Underhill Street Camden Town London NW1 7HS

Accountants | Hazlewoods LLP Chartered AccountantsStaverton Court Staverton Cheltenham GL51 0UX

EKOL Live Limited

(Registration number: 09233558)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 5 | 416 | 7,624
Tangible assets | 6 | 434 | 779
|  | 850 | 8,403
Current assets |  |  |
Debtors | 7 | 452,811 | 406,472
Cash at bank and in hand |  | 237,599 | 203,761
|  | 690,410 | 610,233
Creditors: Amounts falling due within one year | 8 | (595,798) | (574,953)
Net current assets |  | 94,612 | 35,280
Total assets less current liabilities |  | 95,462 | 43,683
Deferred tax liabilities | 4 | (213) | (1,840)
Net assets |  | 95,249 | 41,843
Capital and reserves |  |  |
Called up share capital |  | 300 | 300
Profit and loss account |  | 94,949 | 41,543
Total equity |  | 95,249 | 41,843

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 March 2026 and signed on its behalf by:

S D Gee
Director

EKOL Live Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

| 1 | General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
5/6 Underhill Street
Camden Town
London
NW1 7HS
United Kingdom

| 2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Name of parent of group
These financial statements are consolidated in the financial statements of Underhill Communications Group Ltd.
The financial statements of Underhill Communications Group Ltd may be obtained from the company's registered office.

Going concern

The directors have prepared forecast information which covers a period of at least 12 months from the date of approval of these financial statements. After reviewing these forecasts, the directors have a reasonable expectation that the company has sufficient resources to continue in operational existence for the foreseeable future. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Judgements

No significant judgements have been made by management in preparing these financial statements.

EKOL Live Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Revenue recognition

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.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 33.3% Straight line

Development costs

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

EKOL Live Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

Asset class | Amortisation method and rate
Development costs | 2.5 years Straight line

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments
Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

EKOL Live Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.
A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.
Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.
For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

| 3 | Staff numbers

The average number of persons employed by the company during the year, was 0 (2024 - 3).

| 4 | Deferred tax

Deferred tax assets and liabilities

2025 | Liability £
Fixed asset timing differences | 213
| 213

2024 | Liability £
Fixed asset timing differences | 2,101
Short term timing differences | (261)
| 1,840

EKOL Live Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

| 5 | Intangible assets

| Development costs £
Cost
At 1 July 2024 | 97,947
Disposals | (59,699)
At 30 June 2025 | 38,248
Amortisation
At 1 July 2024 | 90,323
Amortisation charge | 7,208
Amortisation eliminated on disposals | (59,699)
At 30 June 2025 | 37,832
Carrying amount
At 30 June 2025 | 416
At 30 June 2024 | 7,624

| 6 | Tangible assets

| Office Equipment £
Cost
At 1 July 2024 | 7,081
Disposals | (6,040)
At 30 June 2025 | 1,041
Depreciation
At 1 July 2024 | 6,302
Charge for the year | 345
Eliminated on disposal | (6,040)
At 30 June 2025 | 607
Carrying amount
At 30 June 2025 | 434
At 30 June 2024 | 779

| 7 | Debtors

| 2025 £ | 2024 £
Trade debtors | 60,876 | 3,596
Amounts owed by related parties | 390,534 | 390,534
Other debtors | 95 | 10,208
Prepayments | 1,306 | 2,134
| 452,811 | 406,472

EKOL Live Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

| 8 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | - | 112
Amounts due to related parties | 555,714 | 521,306
Social security and other taxes | - | 16,632
Outstanding defined contribution pension costs | - | 2,322
Other creditors | 12,776 | 14,435
Accrued expenses | 7,876 | 4,970
Corporation tax liability | 19,432 | -
Deferred income | - | 15,176
| 595,798 | 574,953

| 9 | Parent and ultimate parent undertaking

The immediate parent is Scientific Group Limited, incorporated in the United Kingdom. The ultimate parent is Underhill Communications Group Ltd, incorporated in the United Kingdom.
The ultimate parent produces publicly available consolidated financial statements. These financial statements are available on request from the company's registered office:
5/6 Underhill Street, Camden Town, London, NW1 7HS