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Unaudited Financial Statements for the Year Ended 28 February 2017 |
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Living Indie Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 28 February 2017 |
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for |
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Living Indie Ltd |
Living Indie Ltd (Registered number: 08392696) |
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Contents of the Financial Statements |
for the Year Ended 28 February 2017 |
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Page |
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Balance Sheet | 1 |
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Notes to the Financial Statements | 2 |
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Living Indie Ltd (Registered number: 08392696) |
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Balance Sheet |
28 February 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the director on
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Living Indie Ltd (Registered number: 08392696) |
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Notes to the Financial Statements |
for the Year Ended 28 February 2017 |
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1. | STATUTORY INFORMATION |
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Living Indie Limited is a private company, limited by shares, registered in England and Wales. The company's |
registered number is 08392696 and registered office address is 8 Brightside Road, London, SE13 6EW. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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. |
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Turnover |
Turnover represents the total invoice value, excluding value added tax, of sales made during the year. |
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Tangible fixed assets |
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Computer equipment | - |
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Research and development |
Research and development expenditure capitalised is being amortised evenly over its estimated useful life of four |
years. |
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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. |
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Going concern |
The balance sheet at the end of the year recorded net current liabilities. However, the director believes that |
sufficient financial resources are available to the company to enable it to continue trading into the foreseeable |
future. Therefore, the financial statements have been prepared on a going concern basis. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Living Indie Ltd (Registered number: 08392696) |
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Notes to the Financial Statements - continued |
for the Year Ended 28 February 2017 |
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4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1 March 2016 |
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Additions |
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At 28 February 2017 |
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AMORTISATION |
Charge for year |
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At 28 February 2017 |
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NET BOOK VALUE |
At 28 February 2017 |
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At 29 February 2016 |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 March 2016 |
and 28 February 2017 |
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DEPRECIATION |
At 1 March 2016 |
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Charge for year |
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At 28 February 2017 |
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NET BOOK VALUE |
At 28 February 2017 |
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At 29 February 2016 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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Living Indie Ltd (Registered number: 08392696) |
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Notes to the Financial Statements - continued |
for the Year Ended 28 February 2017 |
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8. | FIRST YEAR ADOPTION |
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There are no adjustments to be shown in a Reconciliation of Equity as at 1st March 2016 (date of transition to |
FRS102). There are also no adjustments to be made in the Reconciliation of Equity as at 29th February 2016, or |
in the Reconciliation of Profit for the year ended 29th February 2016, as a result of the transition to FRS102. |