Livelines UK Limited - Accounts to registrar - small 17.2
Livelines UK Limited - Accounts to registrar - small 17.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2017 |
FOR |
LIVELINES UK LIMITED |
LIVELINES UK LIMITED (REGISTERED NUMBER: 04145064) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
LIVELINES UK LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JANUARY 2017 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
12 High Street |
Stanford le Hope |
Essex |
SS17 0EY |
LIVELINES UK LIMITED (REGISTERED NUMBER: 04145064) |
BALANCE SHEET |
31 JANUARY 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 9 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 |
LIVELINES UK LIMITED (REGISTERED NUMBER: 04145064) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2017 |
1. | STATUTORY INFORMATION |
Livelines UK Limited is a |
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 |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Revenue recognition |
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. Turnover is shown net of value added tax, rebates and discounts. |
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. |
Tangible fixed assets and depreciation |
Equipment, fixtures and fittings | - |
Motor vehicles | - |
Investment property |
The Investment property is held to earn rentals and for capital appreciation. Investment properties are initially |
measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured |
reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from |
changes in the fair value of investment properties are included in profit or loss in the period in which they arise. |
Deferred taxation is provided on these gains at the rate expected to apply when these properties are sold. |
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 taxation |
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. |
LIVELINES UK LIMITED (REGISTERED NUMBER: 04145064) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2017 |
3. | ACCOUNTING POLICIES - continued |
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. |
Operating leases |
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the |
lessor are charged to the profit and loss account as incurred. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | TANGIBLE FIXED ASSETS |
Equipment, |
fixtures |
and | Motor |
fittings | vehicles | Totals |
£ | £ | £ |
COST |
At 1 February 2016 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 January 2017 |
DEPRECIATION |
At 1 February 2016 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 January 2017 |
NET BOOK VALUE |
At 31 January 2017 |
At 31 January 2016 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 February 2016 |
Impairments | ( |
) |
At 31 January 2017 |
NET BOOK VALUE |
At 31 January 2017 |
At 31 January 2016 |
LIVELINES UK LIMITED (REGISTERED NUMBER: 04145064) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2017 |
6. | INVESTMENT PROPERTY - continued |
Cost or valuation at 31 January 2017 is represented by: |
£ |
Valuation in 2017 | (18,619 | ) |
Cost | 118,619 |
100,000 |
The investment property was valued by the directors at 31 January 2017. |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
Corporation tax |
Social security and other taxes |
Other creditors |
9. | PROVISIONS FOR LIABILITIES |
2017 | 2016 |
£ | £ |
Deferred tax | 14,823 | 7,835 |
Deferred |
tax |
£ |
Balance at 1 February 2016 |
Charge to Income Statement during year |
Balance at 31 January 2017 |
The provision for deferred taxation is made up of accelerated capital allowances. |