Company Registration No. 06399914 (England and Wales)
LIVEWARE HF LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2015
LIVEWARE HF LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
LIVEWARE HF LTD
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2015
31 October 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
43,920
47,580
Tangible assets
2
15,841
17,844
59,761
65,424
Current assets
Debtors
9,227
28,437
Cash at bank and in hand
3,278
54,687
12,505
83,124
Creditors: amounts falling due within one year
(58,203)
(107,628)
Net current liabilities
(45,698)
(24,504)
Total assets less current liabilities
14,063
40,920
Provisions for liabilities
(1,563)
(1,785)
12,500
39,135
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
12,400
39,035
Shareholders' funds
12,500
39,135
For the financial year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 July 2016
Mr T Crampin
Director
Company Registration No. 06399914
LIVEWARE HF LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for services net of VAT. Income is recognised when the company earns right to the consideration. Where income has not been invoiced it is included under accrued income.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.
of 20 years.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
10% Reducing Balance
Plant and machinery
10% Reducing Balance
Fixtures, fittings & equipment
25% Reducing Balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 November 2014
73,200
63,507
136,707
Additions
-
1,493
1,493
At 31 October 2015
73,200
65,000
138,200
Depreciation
At 1 November 2014
25,620
45,662
71,282
Charge for the year
3,660
3,497
7,157
At 31 October 2015
29,280
49,159
78,439
Net book value
At 31 October 2015
43,920
15,841
59,761
At 31 October 2014
47,580
17,844
65,424
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100