Company Registration No. 06399914 (England and Wales)
LIVEWARE HF LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2014
LIVEWARE HF LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
LIVEWARE HF LTD
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2014
31 October 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Intangible assets
2
47,580
51,240
Tangible assets
2
17,844
29,630
65,424
80,870
Current assets
Debtors
28,437
1
Cash at bank and in hand
54,687
33,203
83,124
33,204
Creditors: amounts falling due within one year
(107,628)
(101,595)
Net current liabilities
(24,504)
(68,391)
Total assets less current liabilities
40,920
12,479
Provisions for liabilities
(1,785)
-
39,135
12,479
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
39,035
12,379
Shareholders' funds
39,135
12,479
For the financial year ended 31 October 2014 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 12 July 2015
Mr T Crampin
Director
Company Registration No. 06399914
LIVEWARE HF LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2014
- 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 2013
73,200
86,326
159,526
Additions
-
2,181
2,181
Disposals
-
(25,000)
(25,000)
At 31 October 2014
73,200
63,507
136,707
Depreciation
At 1 November 2013
21,960
56,696
78,656
On disposals
-
(15,000)
(15,000)
Charge for the year
3,660
3,967
7,627
At 31 October 2014
25,620
45,663
71,283
Net book value
At 31 October 2014
47,580
17,844
65,424
At 31 October 2013
51,240
29,630
80,870
LIVEWARE HF LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2014
- 3 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100