Novum Live Limited

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

Registered number: 05631041

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		355,307		388,610

			355,307		388,610
CURRENT ASSETS
Stocks	5	12,333		14,233
Debtors	6	111,606		180,941
Investments	7	17,380		17,630
Cash at bank and in hand		140,434		100,927

		281,753		313,731
Creditors: Amounts Falling Due Within One Year	8	(262,732 )		(250,037 )

NET CURRENT ASSETS (LIABILITIES)			19,021		63,694

TOTAL ASSETS LESS CURRENT LIABILITIES			374,328		452,304

Creditors: Amounts Falling Due After More Than One Year	9		(90,052 )		(131,700 )

NET ASSETS			284,276		320,604

CAPITAL AND RESERVES
Called up share capital	11		11,610		11,610
Profit and Loss Account			272,666		308,994

SHAREHOLDERS' FUNDS			284,276		320,604

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Novum Live Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 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 Timothy Jacques

Director

2 July 2026

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

1. General Information

Novum Live Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05631041 . The registered office is 3C Hopewell House, Whitehill Industrial Estate, Royal Wootton Bassett, Wiltshire, SN4 7DB.

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. Tangible Fixed Assets and Depreciation

Tangible fixed assets purchased at above the de minimis limit are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:

Plant & Machinery	6 years
Motor Vehicles	6 years
Fixtures & Fittings	6 years
Computer Equipment	5 years

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stock is recorded at cost, no allowances have been made for obsolete or slow-moving stock.

Work in progress is reflected in the accounts in the month that the project completes, not as activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 15 (2024: 17)

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Novum Live Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2025	672,785	25,400	7,129	23,637	728,951
Additions	27,602	-	-	-	27,602
Disposals	-	-	-	(13,950 )	(13,950 )

As at 31 December 2025	700,387	25,400	7,129	9,687	742,603

Depreciation
As at 1 January 2025	305,161	12,920	7,129	15,131	340,341
Provided during the period	54,214	466	-	2,327	57,007
Disposals	-	-	-	(10,052 )	(10,052 )

As at 31 December 2025	359,375	13,386	7,129	7,406	387,296

Net Book Value
As at 31 December 2025	341,012	12,014	-	2,281	355,307

As at 1 January 2025	367,624	12,480	-	8,506	388,610

5. Stocks

	2025	2024
	£	£
Materials	12,333	14,233

Stock is recorded at cost, no allowances has been made for obsolete or slow-moving stock, all stock is less than 2 years.

Work in progress is reflected in the accounts in the month that the project completes, not as activity progresses.

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	84,747	88,073
Prepayments and accrued income	26,859	92,868

	111,606	180,941

7. Current Asset Investments

	2025	2024
	£	£
Short term deposits	17,380	17,630

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Novum Live Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	39,343	51,568
VAT	30,270	14,141
Other creditors	1,760	1,415
Accruals and deferred income	186,362	167,915
Directors' loan accounts	4,997	14,998

	262,732	250,037

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	28,941	39,155
Bank loans	-	878
Directors loan account	61,111	91,667

	90,052	131,700

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	28,941	39,155

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	11,610	11,610

12. Exceptional Items

During the year the Company moved its business model substantially to accommodate a shift in business towards agency work. The reported "restructuring" exceptional item includes one-off workforce reduction, rebranding and reorganisation costs. We anticipate this will benefit the financial performance of the business in the medium and long term.

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