Livelines UK Limited - Accounts to registrar (filleted) - small 18.1

Livelines UK Limited - Accounts to registrar (filleted) - small 18.1

LIVELINES UK LIMITED - Company Information

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REGISTERED NUMBER: 04145064 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2018

FOR

LIVELINES UK LIMITED
LIVELINES UK LIMITED (REGISTERED NUMBER: 04145064)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LIVELINES UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2018







DIRECTORS: Mrs J M Jones
Miss L S H Jones





SECRETARY: Miss L S H Jones





REGISTERED OFFICE: 35 Marefair
Northampton
Northamptonshire
NN1 1SR





REGISTERED NUMBER: 04145064 (England and Wales)





ACCOUNTANTS: Elliott, Mortlock, Busby & Co Limited
12 High Street
Stanford le Hope
Essex
SS17 0EY
Page 1
LIVELINES UK LIMITED (REGISTERED NUMBER: 04145064)

BALANCE SHEET
31 JANUARY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 105,785 84,172
Investment property 6 118,000 100,000
223,785 184,172

CURRENT ASSETS
Debtors 7 357,431 428,635
Cash at bank 735,752 1,075,719
1,093,183 1,504,354
CREDITORS
Amounts falling due within one year 8 795,948 1,194,204
NET CURRENT ASSETS 297,235 310,150
TOTAL ASSETS LESS CURRENT
LIABILITIES
521,020
494,322

PROVISIONS FOR LIABILITIES 9 19,677 14,823
NET ASSETS 501,343 479,499

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 501,243 479,399
SHAREHOLDERS' FUNDS 501,343 479,499

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 20 June 2018 and were signed on its behalf by:



Mrs J M Jones - Director


The notes on pages 3 to 5 form part of these financial statements

Page 2
LIVELINES UK LIMITED (REGISTERED NUMBER: 04145064)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2018

1. STATUTORY INFORMATION

Livelines UK 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment, fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 represents the sum of tax currently payable and deferred tax.

The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by
the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the
financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount
of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer
probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the
liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively
enacted by the end of the reporting period.

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.

Page 3 continued...
LIVELINES UK LIMITED (REGISTERED NUMBER: 04145064)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2018

3. ACCOUNTING POLICIES - continued

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2017 - 5 ) .

5. TANGIBLE FIXED ASSETS
Equipment,
fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2017 225,577 15,376 240,953
Additions 37,974 - 37,974
At 31 January 2018 263,551 15,376 278,927
DEPRECIATION
At 1 February 2017 154,422 2,359 156,781
Charge for year 13,107 3,254 16,361
At 31 January 2018 167,529 5,613 173,142
NET BOOK VALUE
At 31 January 2018 96,022 9,763 105,785
At 31 January 2017 71,155 13,017 84,172

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2017 100,000
Revaluations 18,000
At 31 January 2018 118,000
NET BOOK VALUE
At 31 January 2018 118,000
At 31 January 2017 100,000

Page 4 continued...
LIVELINES UK LIMITED (REGISTERED NUMBER: 04145064)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2018

6. INVESTMENT PROPERTY - continued

Fair value at 31 January 2018 is represented by:

£   
Valuation in 2017 (18,619 )
Valuation in 2018 18,000
Cost 118,619
118,000

If the investment property had not been revalued it would have been included at the following historical cost:

2018 2017
£    £   
Cost 118,619 118,619

The investment property was valued by the directors at 31 January 2018.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 352,547 397,560
Other debtors 4,884 31,075
357,431 428,635

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 72,652 130,406
Corporation tax 115,177 353,430
Social security and other taxes 189,384 172,649
Other creditors 418,735 537,719
795,948 1,194,204

9. PROVISIONS FOR LIABILITIES
2018 2017
£    £   
Deferred tax 19,677 14,823

Deferred
tax
£   
Balance at 1 February 2017 14,823
Charge to Income Statement during year 4,854
Balance at 31 January 2018 19,677

The provision for deferred taxation is made up of accelerated capital allowances.

Page 5