LIVINGSTONE PARTNERS LIMITED

LIVINGSTONE PARTNERS LIMITED

LIVINGSTONE PARTNERS LIMITED - Company Information

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LIVINGSTONE PARTNERS LIMITED

Company Registration Number:
06720751 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2017

Period of accounts

Start date: 01 January 2017

End date: 31 December 2017

LIVINGSTONE PARTNERS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2017

Balance sheet
Notes

LIVINGSTONE PARTNERS LIMITED

Balance sheet

As at 31 December 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 4,996 6,168
Total fixed assets: 4,996 6,168
Current assets
Debtors:   364,423 286,227
Cash at bank and in hand: 7,901 107
Total current assets: 372,324 286,334
Creditors: amounts falling due within one year:   (313,109) (289,125)
Net current assets (liabilities): 59,215 (2,791)
Total assets less current liabilities: 64,211 3,377
Total net assets (liabilities): 64,211 3,377
Capital and reserves
Called up share capital: 850 850
Profit and loss account: 63,361 2,527
Shareholders funds: 64,211 3,377

The notes form part of these financial statements

LIVINGSTONE PARTNERS LIMITED

Balance sheet statements

For the year ending 31 December 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 August 2018
and signed on behalf of the board by:

Name: M Huband
Status: Director

The notes form part of these financial statements

LIVINGSTONE PARTNERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods suppliedand services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership havetransferred to the buyer, usually on despatch of the goods; the amount of revenue can be measuredreliably; it is probable that the associated economic benefits will flow to the entity and the costs incurredor to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,over the useful economic life of that asset as follows:Fittings fixtures and equipment - 10 - 25%Computer equipment - 33.33%If there is an indication that there has been a significant change in depreciation rate, useful life or

Other accounting policies

Defined contribution plansContributions to defined contribution plans are recognised as an expense in the period in which therelated service is provided. Prepaid contributions are recognised as an asset to the extent that theprepayment will lead to a reduction in future payments or a cash refund.When contributions are not expected to be settled wholly within 12 months of the end of the reportingdate in which the employees render the related service, the liability is measured on a discountedpresent value basis. The unwinding of the discount is recognised in finance costs in profit or loss in theperiod in which it arises.

LIVINGSTONE PARTNERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

2. Employees

2017 2016
Average number of employees during the period 3 4

LIVINGSTONE PARTNERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

3. Tangible Assets

Total
Cost £
At 01 January 2017 41,436
Additions 1,265
Disposals (9,891)
At 31 December 2017 32,810
Depreciation
At 01 January 2017 35,268
Charge for year 2,437
On disposals (9,891)
At 31 December 2017 27,814
Net book value
At 31 December 2017 4,996
At 31 December 2016 6,168

LIVINGSTONE PARTNERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

4. Loans to directors

Name of director receiving advance or credit: Mr M Huband
Description of the loan: Interest free loan
£
Balance at 01 January 2017 84,877
Advances or credits made: 80,091
Balance at 31 December 2017 164,968