LIVEDRIVE LIMITED Accounts filed on 30-11-2014

LIVEDRIVE LIMITED Accounts filed on 30-11-2014

LIVEDRIVE LIMITED - Company Information

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LIVEDRIVE LIMITED




Company Registration Number:
04948338 (England and Wales)



Report of the Directors and Unaudited Financial Statements



Period of accounts


Start date: 01st December 2013

End date: 30th November 2014

SUBMITTED

LIVEDRIVE LIMITED

Company Information
for the Period Ended 30th November 2014




Director: L. Pessel
Registered office: 85 Alexandra Avenue
Harrow
Middlesex
HA2 8PX
Company Registration Number: 04948338 (England and Wales)

LIVEDRIVE LIMITED

Directors' Report Period Ended 30th November 2014

The directors present their report with the financial statements of the company for the period ended 30th November 2014

Principal activities
The principal activity of the company in the period under review was:
providing transportation services

Directors
The directors shown below have held office during the whole of the period from
01st December 2013 to 30th November 2014
L. Pessel

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 12 August 2015
And Signed On Behalf Of The Board By:

Name: L. Pessel
Status: Director

LIVEDRIVE LIMITED

Profit and Loss Account

for the Period Ended 30th November 2014

Notes 2014
£		 2013
£
Turnover: 453,143 345,587
Cost of sales: 235,261 158,192
Gross profit or (loss): 217,882 187,395
Administrative expenses: , 118,387 119,113
Operating profit or (loss): 99,495 68,282
Interest payable and similar charges: 15,175 22,680
Profit or (loss) on ordinary activities before taxation: 84,320 45,602
Tax on profit or (loss) on ordinary activities: 24,009 8,560
Profit or (loss) for the financial year: 60,311 37,042

The notes form part of these financial statements

LIVEDRIVE LIMITED

Statement of total recognised gains and losses
30th November 2014

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report.

The notes form part of these financial statements

LIVEDRIVE LIMITED

Balance sheet
As at 30th November 2014

Notes 2014
£		 2013
£
Fixed assets
Tangible assets: 2 67,809 118,208
Total fixed assets: 67,809 118,208
Current assets
Debtors: 70,863 42,061
Cash at bank and in hand: 3,601 10,657
Total current assets: 74,464 52,718
Creditors: amounts falling due within one year 105,942 154,906
Net current assets (liabilities): ( 31,478 ) ( 102,188 )
Total assets less current liabilities: 36,331 16,020
Total net assets (liabilities): 36,331 16,020

The notes form part of these financial statements

LIVEDRIVE LIMITED

Balance sheet
As at 30th November 2014
continued

Notes 2014
£		 2013
£
Capital and reserves
Called up share capital: 3 1,000 1,000
Profit and Loss account: 4 35,331 15,020
Total shareholders funds: 36,331 16,020

For the year ending 30 November 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors on 12 August 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: L. Pessel
Status: Director

The notes form part of these financial statements

LIVEDRIVE LIMITED

Notes to the Financial Statements
for the Period Ended 30th November 2014

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The accounts are prepared on the historical cost convention.

    Turnover policy

    Turnover represents the net value of invoices raised during the period.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at their purchase price, together with any incidental expenses of acquisition as well as the cost of reconstruction. Tangible fixed assets are written off on a straight line basis over the expected useful economic life of the assets concerned. The principal annual rates used for this purpose are: Vehicles 25%

    Other accounting policies

    Cash Flow The accounts do not include a cash flow statement because the company as a small reporting entity is exempt from the requirements to prepare such a statement under Financial Reporting Standard 1 'Cash Flown Statements'

LIVEDRIVE LIMITED

Notes to the Financial Statements
for the Period Ended 30th November 2014

  • 2. Tangible assets

    Land and buildings Plant Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    At 01st December 2013: - 16,077 - - 235,335 251,412
    Additions: - 12,497 - - - 12,497
    At 30th November 2014: - 28,574 - - 235,335 263,909
    Depreciation
    At 01st December 2013: - 4,019 - - 129,185 133,204
    Charge for year: - 7,143 - - 55,753 62,896
    At 30th November 2014: - 11,162 - - 184,938 196,100
    Net book value
    At 30th November 2014: - 17,412 - - 50,397 67,809
    At 30th November 2013: - 12,058 - - 106,150 118,208

LIVEDRIVE LIMITED

Notes to the Financial Statements
for the Period Ended 30th November 2014

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1,000 1.00
    1.00
    		1,000
    Total share capital: 1,000
    Current period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1,000 1.00
    1.00
    		1,000
    Total share capital: 1,000

LIVEDRIVE LIMITED

Notes to the Financial Statements
for the Period Ended 30th November 2014

  • 4. Profit and loss account

    2014 2013
    £ £
    Opening balance: 15,020 17,978
    Profit or (loss) for the period: 60,311 37,042
    Equity dividends paid: 40,000 40,000
    Retained profit: 35,331 15,020