Live Reef Distribution Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10461069

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		142,069		158,863

			142,069		158,863
CURRENT ASSETS
Debtors	6	15,791		16,485
Cash at bank and in hand		45,698		23,237

		61,489		39,722
Creditors: Amounts Falling Due Within One Year	7	(6,511 )		(11,155 )

NET CURRENT ASSETS (LIABILITIES)			54,978		28,567

TOTAL ASSETS LESS CURRENT LIABILITIES			197,047		187,430

Creditors: Amounts Falling Due After More Than One Year	8		(65,000 )		(65,000 )

NET ASSETS			132,047		122,430

CAPITAL AND RESERVES
Called up share capital	9		150,000		150,000
Revaluation reserve	10		169,226		120,706
Capital contribution reserve			154,842		100,000
Profit and Loss Account			(342,021 )		(248,276 )

SHAREHOLDERS' FUNDS			132,047		122,430

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Live Reef Distribution Limited

Balance Sheet (continued)

As At 30 September 2025

For the year ending 30 September 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 David Wulff

Director

10th February 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Live Reef Distribution Limited Registered number 10461069 is a limited by shares company incorporated in England & Wales. The Registered Office is 25 Pinnex Moor Road, Tiverton, Devon, EX16 6JN.

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	15%
Plant & Machinery	20%
Motor Vehicles	20%
Fixtures & Fittings	20%
Computer Equipment	30%

2.4. 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.

2.5. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost or Valuation
As at 1 October 2024	105,683	107,805	46,800	68,765
Additions	-	124	-	-
Revaluation	-	18,420	-	16,200

As at 30 September 2025	105,683	126,349	46,800	84,965

Depreciation
As at 1 October 2024	50,483	57,220	22,200	47,360
Provided during the period	15,853	21,560	9,360	13,753

As at 30 September 2025	66,336	78,780	31,560	61,113

...CONTINUED

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Live Reef Distribution Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

Net Book Value
As at 30 September 2025	39,347	47,569	15,240	23,852

As at 1 October 2024	55,200	50,585	24,600	21,405


	Computer Equipment	Total
	£	£
Cost or Valuation
As at 1 October 2024	22,365	351,418
Additions	1,798	1,922
Revaluation	13,900	48,520

As at 30 September 2025	38,063	401,860

Depreciation
As at 1 October 2024	15,292	192,555
Provided during the period	6,710	67,236

As at 30 September 2025	22,002	259,791

Net Book Value
As at 30 September 2025	16,061	142,069

As at 1 October 2024	7,073	158,863

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	15,791	16,485

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	6,511	11,155

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

	2025	2024
	£	£
Directors loan account	65,000	65,000

9. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
150,000 Ordinary Shares of £ 1 each	150,000	150,000

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Live Reef Distribution Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

10. Reserves

	Share Premium	Revaluation reserve	Capital contribution reserve	Profit and Loss Account
	£	£	£	£
As at 1 October 2024	-	120,706	100,000	(248,276 )
Loss for the year and total comprehensive income	-	-	-	(93,745 )

Transfer to/from Capital Contribution Reserve	-	-	54,842	-
Transfer to/from Profit & Loss Account	-	48,520	-	-

As at 30 September 2025	-	169,226	154,842	(342,021 )

11. Related Party Transactions

During the year, the director waived £50,000 of the outstanding loan. This has been recorded as a capital contribution and credited to a separate reserve under shareholders' funds. No shares were issued in connection with this contribution.

12. Ultimate Controlling Party

The company's ultimate controlling party is Live Reef Limited by virtue of his ownership of 100% of the issued share capital in the company.