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

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

UK LIVELINES LIMITED - Company Information

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REGISTERED NUMBER: 04844573 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2021

FOR

UK LIVELINES LIMITED
UK LIVELINES LIMITED (REGISTERED NUMBER: 04844573)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


UK LIVELINES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2021







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
Page 1
UK LIVELINES LIMITED (REGISTERED NUMBER: 04844573)

BALANCE SHEET
31 JANUARY 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investments 5 5,300,000 5,300,000

CURRENT ASSETS
Debtors 6 3,416,212 3,743,531
Cash at bank 4,294,919 3,025,021
7,711,131 6,768,552
CREDITORS
Amounts falling due within one year 7 200,291 15,766
NET CURRENT ASSETS 7,510,840 6,752,786
TOTAL ASSETS LESS CURRENT
LIABILITIES
12,810,840
12,052,786

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 5,299,900 5,299,900
Retained earnings 7,510,740 6,752,686
SHAREHOLDERS' FUNDS 12,810,840 12,052,786

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

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

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 1 September 2021 and were signed on its behalf by:





Mrs J M Jones - Director


The notes on pages 3 to 4 form part of these financial statements

Page 2
UK LIVELINES LIMITED (REGISTERED NUMBER: 04844573)

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

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 (2020 - 2 ) .

Page 3 continued...
UK LIVELINES LIMITED (REGISTERED NUMBER: 04844573)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2020
and 31 January 2021 5,300,000
NET BOOK VALUE
At 31 January 2021 5,300,000
At 31 January 2020 5,300,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 3,416,212 3,743,531

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Corporation tax 4,235 3,640
Social security and other taxes 2,258 1,421
Other creditors 800 800
Directors' current accounts 192,998 9,905
200,291 15,766

8. RELATED PARTY DISCLOSURES

At 31 January 2021 there is a loan of £2,728,473 (2020: £3,207,611) to another company under the control of the director of this company. The director is a director of both companies. The loan is interest free, payable upon demand and included in other debtors.

Page 4