Concept Live Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC360805 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 June 2019

for

Concept Live Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr A Tasker

REGISTERED OFFICE:

10 Almond Drive

East Kilbride

Glasgow

G74 2HX

REGISTERED NUMBER:

SC360805 (Scotland)

ACCOUNTANTS:

KPP Glasgow South Ltd

Chartered Certified Accountants

121 Moffat Street

Glasgow

G5 OND

FIXED ASSETS

Intangible assets

4

83

83

Tangible assets

5

87,184

-

87,267

83

CURRENT ASSETS

Debtors

6

-

15

Cash at bank and in hand

2,194

1,091

2,194

1,106

CREDITORS

Amounts falling due within one year

7

86,352

763

NET CURRENT (LIABILITIES)/ASSETS

(84,158

)

343

TOTAL ASSETS LESS CURRENT LIABILITIES

3,109

426

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

3,108

425

SHAREHOLDERS' FUNDS

3,109

426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 June 2020 and were signed by:

A Tasker - Director

1.	STATUTORY INFORMATION

Concept Live Limited is a private company, limited by shares , registered in Scotland. The company's registered

number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Website Design is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 July 2018

and 30 June 2019

83

NET BOOK VALUE

At 30 June 2019

83

At 30 June 2018

83

5.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

Additions

87,184

At 30 June 2019

87,184

NET BOOK VALUE

At 30 June 2019

87,184

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

VAT

-

15

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Trade creditors

-

202

Tax

629

161

Associate Company

85,000

150

Directors' current accounts

448

-

Accrued expenses

275

250

86,352

763

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.19

30.6.18

value:

£

£

1

Ordinary

£1

1

1