Myliveguard Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06878745 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Myliveguard Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr A Kuwadekar

C A Meaden

M A Payne

M S P E Woodhouse

Professor K Al Begain

SECRETARY:

REGISTERED OFFICE:

The GTI Suite, Ty Menter

Navigation Park

Abercynon

Mountain Ash

Mid Glamorgan

CF45 4SN

REGISTERED NUMBER:

06878745 (England and Wales)

ACCOUNTANTS:

JDH Accountants & Business Advisers Ltd

Enterprise House

Navigation Park

Abercynon

Rhondda Cynon Taff

CF45 4SN

FIXED ASSETS

Intangible assets

4

8,185

22,899

Tangible assets

5

-

312

8,185

23,211

CURRENT ASSETS

Debtors

6

178

5,241

Prepayments and accrued income

236

236

Cash at bank

68,196

4,204

68,610

9,681

CREDITORS

Amounts falling due within one year

7

675,500

825,637

NET CURRENT LIABILITIES

(606,890

)

(815,956

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(598,705

)

(792,745

)

CAPITAL AND RESERVES

Called up share capital

132

132

Share premium

232,453

232,453

Retained earnings

(831,290

)

(1,025,330

)

SHAREHOLDERS' FUNDS

(598,705

)

(792,745

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 on 23 December 2019 and were signed on its behalf by:

M S P E Woodhouse - Director

1.	STATUTORY INFORMATION

Myliveguard Ltd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Development costs are being amortised evenly over their estimated useful life of three years.

Intangible assets - developments costs capitalised

Intangible assets with finite lives are amortised over the useful economic life and assessed for impairment

whenever there is an indication that the intangible asset may be impaired. The amortisation period and the

amortisation method are reviewed at least at each financial year end. Changes in the expected useful life or

the expected pattern of consumption of future economic benefits embodied in the asset is accounted for by

changing the amortisation period or method, as appropriate, and are treated as changes in accounting estimates.

Gains or losses arising from derecognition of an intangible asset are measured as the difference

between the net disposal proceeds and the carrying amount of the asset and are recognised in the income

statement when the asset is derecognised.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2018

and 31 March 2019

116,670

AMORTISATION

At 1 April 2018

93,771

Charge for year

14,714

At 31 March 2019

108,485

NET BOOK VALUE

At 31 March 2019

8,185

At 31 March 2018

22,899

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

and 31 March 2019

42,090

DEPRECIATION

At 1 April 2018

41,778

Charge for year

312

At 31 March 2019

42,090

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

312

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

-

5,216

Other debtors

178

25

178

5,241

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

5,372

5,595

Amounts owed to group undertakings

654,327

654,340

Taxation and social security

2,236

3,417

Other creditors

13,565

162,285

675,500

825,637

8.	RELATED PARTY DISCLOSURES

The ultimate controlling party is Liveguard Limited.