UK Livelines Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04844573 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2020

FOR

UK LIVELINES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J M Jones

Miss L S H Jones

SECRETARY:

Miss L S H Jones

REGISTERED OFFICE:

12 High Street

Stanford le Hope

Essex

SS17 0EY

REGISTERED NUMBER:

04844573 (England and Wales)

ACCOUNTANTS:

Elliott, Mortlock, Busby & Co Limited

12 High Street

Stanford le Hope

Essex

SS17 0EY

FIXED ASSETS

Investments

5

5,300,000

5,300,000

CURRENT ASSETS

Debtors

6

3,743,531

2,851,206

Cash at bank

3,025,021

3,615,680

6,768,552

6,466,886

CREDITORS

Amounts falling due within one year

7

15,766

19,590

NET CURRENT ASSETS

6,752,786

6,447,296

TOTAL ASSETS LESS CURRENT LIABILITIES

12,052,786

11,747,296

CAPITAL AND RESERVES

Called up share capital

200

200

Share premium

5,299,900

5,299,900

Retained earnings

6,752,686

6,447,196

SHAREHOLDERS' FUNDS

12,052,786

11,747,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 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 and authorised for issue on 8 July 2020 and were signed on its behalf by:

Mrs J M Jones - Director

1.	STATUTORY INFORMATION

UK Livelines Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the

ordinary course of the company's activities.

The company recognises revenue when:

The amount of revenue can be reliably measured,

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Foreign currencies

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 of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Consolidation

The company and its subsidiary comprise a small group and has elected not to prepare group financial

statements.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 February 2019

and 31 January 2020

5,300,000

NET BOOK VALUE

At 31 January 2020

5,300,000

At 31 January 2019

5,300,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

3,743,531

2,851,206

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Corporation tax

3,640

13,205

Social security and other taxes

1,421

-

Other creditors

800

800

Directors' current accounts

9,905

5,585

15,766

19,590

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2020 and 31

January 2019:

2020

2019

£

£

Balance outstanding at start of year

200,000

500,000

Amounts advanced

200,000

Amounts repaid

(200,000)

(500,000)

Balance outstanding at end of year

-

200,000

The loan was included within current assets, was provided interest free and was repayable on demand.

9.	RELATED PARTY DISCLOSURES