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

REGISTERED NUMBER: 08926996 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2020

for

Livestock Live Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

B Hannigan

REGISTERED OFFICE:

Great West House (Gwh-1)

Boston Manor Road

Brentford

London

TW8 9DF

REGISTERED NUMBER:

08926996 (England and Wales)

FIXED ASSETS

Tangible assets

4

13,764

13,893

CURRENT ASSETS

Debtors

5

9,944

1,080

Prepayments and accrued income

1,250

175

Cash at bank

1,960

1,821

13,154

3,076

CREDITORS

Amounts falling due within one year

6

99,329

86,124

NET CURRENT LIABILITIES

(86,175

)

(83,048

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(72,411

)

(69,155

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(73,411

)

(70,155

)

SHAREHOLDERS' FUNDS

(72,411

)

(69,155

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006.

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.

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 3 June 2021 and were signed by:

B Hannigan - Director

1.	STATUTORY INFORMATION

Livestock Live 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.

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.

The company has retained losses totalling £73,411 and its ability to trade is dependant upon the continued support of the company's director. The director considers that there will be adequate arrangements during the next 12 months and hence these financial statements have been prepared on a going concern basis.

Tangible fixed assets

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

Plant and machinery etc

-

15% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2019

24,678

Additions

2,300

At 31 May 2020

26,978

DEPRECIATION

At 1 June 2019

10,785

Charge for year

2,429

At 31 May 2020

13,214

NET BOOK VALUE

At 31 May 2020

13,764

At 31 May 2019

13,893

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Other debtors

9,944

1,080

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Trade creditors

-

480

Other creditors

99,329

85,644

99,329

86,124

7.	POST BALANCE SHEET EVENTS

Within other creditors, as at the 31st May 2020, there was an outstanding loan balance due from Livestock Live Limited to Medical Professional Personnel Ltd of £61,668.62. During the month of December 2020, the outstanding loan due to Medical Professional Personnel Ltd was settled by LSL Ireland. The debt due from Livestock Live Limited then became payable to LSL Ireland.