Company registration number 11383319 (England and Wales)
ADEPT LIVE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
ADEPT LIVE LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
31 December 2025
31 May 2025
£
£
£
£
Fixed assets
6,745
8,537
Current assets
68,098
102,116
Prepayments and accrued income
29,196
61,491
Creditors: amounts falling due within one year
(796,206)
(600,474)
Net current liabilities
(698,912)
(436,867)
Total assets less current liabilities
(692,167)
(428,330)
Creditors: amounts falling due after more than one year
(750)
(1,554)
Net liabilities
(692,917)
(429,884)
Capital and reserves
(692,917)
(429,884)
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees

Included within creditors is an amount of £nil (May 2025: 2,941) owed to a director. This amount is interest free and repayable on demand.

The following advances and credits to a director subsisted during the periods/years ending 31 December 2025 and 31 May 2025:

| Dec 2025 £ | May 2025 £
Director 2 Opening balance | 18,177 | 18,900
Cash introduced | (18,392) | (15,425)
Less: Cash drawn | 8,291 | 16,148
Closing balance | 8,076 | 18,177

2
Financial commitments, guarantees and contingencies

At the balance sheet date, there was a loan outstanding of £3,235 (May 2025: £5,720).

ADEPT LIVE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2025
31 December 2025
- 2 -
3
Employees

The average number of persons, including directors, employed by the company during the period wa s as follows:

31 December 2025
31 May 2025
Number
Number
Employees
5
5
4
Going Concern

These accounts have been prepared on the going concern basis, due to the continuing support from the directors, shareholders and an external investor. All stakeholders will continue to support the company for the foreseeable future. At the balance sheet date, the external investor has funded an amount of £717,620 (2025 May: £537,650). The funded amount is interest free with no fixed date for repayment.

Adept Live Limited is a private company limited by shares incorporated in England and Wales. The registered office is Abacus House, Pennine Business Park, Longbow Close, Huddersfield, West Yorkshire, HD2 1GQ.

For the period ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime', and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 4 August 2026 and are signed on its behalf by:
Mr M D Attwater
Mr A S Walker
Director
Director
Company registration number 11383319 (England and Wales)
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