Live Wire PR Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 05591859 (England and Wales)

LIVE WIRE PR LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs G Kounnis

SECRETARY:

Mr A M Kounnis

REGISTERED OFFICE:

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

REGISTERED NUMBER:

05591859 (England and Wales)

ACCOUNTANTS:

Kounnis And Partners Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Tangible assets

4

1,585

2,176

Investments

5

60

-

1,645

2,176

CURRENT ASSETS

Debtors

6

186,520

197,027

Cash at bank and in hand

53,234

26,571

239,754

223,598

CREDITORS

Amounts falling due within one year

7

125,103

122,257

NET CURRENT ASSETS

114,651

101,341

TOTAL ASSETS LESS CURRENT LIABILITIES

116,296

103,517

PROVISIONS FOR LIABILITIES

301

413

NET ASSETS

115,995

103,104

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

115,895

103,004

SHAREHOLDERS' FUNDS

115,995

103,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 8 June 2023 and were signed by:

Mrs G Kounnis - Director

1.	STATUTORY INFORMATION

Live Wire PR 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2022

and 31 March 2023

7,042

DEPRECIATION

At 1 April 2022

4,866

Charge for year

591

At 31 March 2023

5,457

NET BOOK VALUE

At 31 March 2023

1,585

At 31 March 2022

2,176

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

60

At 31 March 2023

60

NET BOOK VALUE

At 31 March 2023

60

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

5,520

6,225

Other debtors

181,000

190,802

186,520

197,027

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

192

-

Taxation and social security

16,422

16,955

Other creditors

108,489

105,302

125,103

122,257

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £31,500 (2022 - £31,000) were paid to the director .

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs G Kounnis.