Registered number
SC572645
Life Enhancing Automation Ltd
Filleted Accounts
31 December 2021
Life Enhancing Automation Ltd
Registered number: SC572645
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 9,392 12,919
Current assets
Debtors 4 6,033 6,295
Cash at bank and in hand 29,069 166
35,102 6,461
Creditors: amounts falling due within one year 5 (54,400) (43,570)
Net current liabilities (19,298) (37,109)
Total assets less current liabilities (9,906) (24,190)
Provisions for liabilities (1,783) (2,454)
Net liabilities (11,689) (26,644)
Capital and reserves
Called up share capital 100 100
Profit and loss account (11,789) (26,744)
Shareholders' funds (11,689) (26,644)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Charles Vincent
Director
Approved by the board on 25 August 2022
Life Enhancing Automation Ltd
Notes to the Accounts
for the year ended 31 December 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, over periods of between 3 and 5 years
Short term debtors and creditors
Short-term debtors and creditors with no stated interest rate are reported at transaction price. Any impairment losses are recognised in the profit and loss account.
Taxation
Taxation for the year is comprised of current and deferred tax. Current tax is recognised in the Profit and Loss statement except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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

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

Current and deferred taxation assets or liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 1 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2021 2,965 17,188 20,153
Additions 1,472 - 1,472
At 31 December 2021 4,437 17,188 21,625
Depreciation
At 1 January 2021 1,505 5,729 7,234
Charge for the year 702 4,297 4,999
At 31 December 2021 2,207 10,026 12,233
Net book value
At 31 December 2021 2,230 7,162 9,392
At 31 December 2020 1,460 11,459 12,919
4 Debtors 2021 2020
£ £
Trade debtors 5,440 5,520
Prepayments 593 775
6,033 6,295
5 Creditors: amounts falling due within one year 2021 2020
£ £
Accruals 1,028 725
Trade creditors 180 725
Taxation and social security costs (2,072) -
Deferred income 7,050 -
Other creditors 48,214 42,120
54,400 43,570
6 Related party transactions
At the balance sheet date the company held loans from two directors in the sum of £48,214. (2020: £42,120) The loans are interest-free, unsecured, repayable on demand and included within Creditors: amounts falling due within one year.
7 Other information
Life Enhancing Automation Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
14 Bank Street
Aberfeldy
Scotland
PH15 2BB
The accounts are denominated in pounds Sterling which is the functional currency of the company
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