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

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


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REGISTERED NUMBER: 06878745 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

MYLIVEGUARD LTD

MYLIVEGUARD LTD (REGISTERED NUMBER: 06878745)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MYLIVEGUARD LTD


COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2021







DIRECTORS: Professor K Al Begain
Dr A Kuwadekar
Mr M Woodhouse





REGISTERED OFFICE: Ty Mentor Navigation Park
Abercynon
Mountain Ash
Mid Glamorgan
CF45 4SN





REGISTERED NUMBER: 06878745 (England and Wales)





ACCOUNTANTS: Hysons
Chartered Accountants
14 London Street
Andover
Hampshire
SP10 2PA

MYLIVEGUARD LTD (REGISTERED NUMBER: 06878745)


BALANCE SHEET
31 MARCH 2021

2021 2020
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 - -
- -

CURRENT ASSETS
Cash at bank 95,505 95,803

CREDITORS
Amounts falling due within one year 7 666,409 665,573
NET CURRENT LIABILITIES (570,904 ) (569,770 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(570,904

)

(569,770

)

CAPITAL AND RESERVES
Called up share capital 132 132
Share premium 232,453 232,453
Retained earnings (803,489 ) (802,355 )
(570,904 ) (569,770 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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.

MYLIVEGUARD LTD (REGISTERED NUMBER: 06878745)


BALANCE SHEET - continued
31 MARCH 2021


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 30 August 2021 and were signed on its behalf by:





Mr M Woodhouse - Director


MYLIVEGUARD LTD (REGISTERED NUMBER: 06878745)


NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

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.

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 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.

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

Website is being amortised evenly over its estimated useful life of nil years.

Intangible assets - development 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

MYLIVEGUARD LTD (REGISTERED NUMBER: 06878745)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021

3. ACCOUNTING POLICIES - continued

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2020
and 31 March 2021 111,570
AMORTISATION
At 1 April 2020
and 31 March 2021 111,570
NET BOOK VALUE
At 31 March 2021 -
At 31 March 2020 -

MYLIVEGUARD LTD (REGISTERED NUMBER: 06878745)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2020
and 31 March 2021 42,090
DEPRECIATION
At 1 April 2020
and 31 March 2021 42,090
NET BOOK VALUE
At 31 March 2021 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors - 27
Amounts owed to group undertakings 654,327 654,327
VAT 35 7
Other creditors 10,212 10,212
Accrued expenses 1,835 1,000
666,409 665,573

8. ULTIMATE CONTROLLING PARTY

The controlling party is Liveguard Limited.