IRIS Accounts Production v23.2.0.158 11509188 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure115091882022-03-31115091882023-03-31115091882022-04-012023-03-31115091882021-03-31115091882021-04-012022-03-31115091882022-03-3111509188ns16:EnglandWales2022-04-012023-03-3111509188ns15:PoundSterling2022-04-012023-03-3111509188ns11:Director12022-04-012023-03-3111509188ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3111509188ns11:SmallEntities2022-04-012023-03-3111509188ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3111509188ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3111509188ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3111509188ns11:FullAccounts2022-04-012023-03-311150918812022-04-012023-03-3111509188ns11:Director22022-04-012023-03-3111509188ns11:RegisteredOffice2022-04-012023-03-3111509188ns6:CurrentFinancialInstruments2023-03-3111509188ns6:CurrentFinancialInstruments2022-03-3111509188ns6:Non-currentFinancialInstruments2023-03-3111509188ns6:Non-currentFinancialInstruments2022-03-3111509188ns6:ShareCapital2023-03-3111509188ns6:ShareCapital2022-03-3111509188ns6:SharePremium2023-03-3111509188ns6:SharePremium2022-03-3111509188ns6:FurtherSpecificReserve1ComponentTotalEquity2023-03-3111509188ns6:FurtherSpecificReserve1ComponentTotalEquity2022-03-3111509188ns6:RetainedEarningsAccumulatedLosses2023-03-3111509188ns6:RetainedEarningsAccumulatedLosses2022-03-3111509188ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3111509188ns6:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-04-012023-03-3111509188ns6:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-03-3111509188ns6:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-03-3111509188ns6:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-03-3111509188ns6:ComputerEquipment2022-04-012023-03-3111509188ns6:ComputerEquipment2023-03-3111509188ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3111509188ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: 11509188 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

LIFE MOMENTS LIMITED

LIFE MOMENTS LIMITED (REGISTERED NUMBER: 11509188)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIFE MOMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: B K Leonard
P Carse





REGISTERED OFFICE: 4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU





BUSINESS ADDRESS: 21 Chatsworth Avenue
Wimbledon
London
SW20 8JZ





REGISTERED NUMBER: 11509188 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

LIFE MOMENTS LIMITED (REGISTERED NUMBER: 11509188)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,769 -
4,769 -

CURRENT ASSETS
Debtors 6 212,986 37,078
Cash at bank 176,450 345,418
389,436 382,496
CREDITORS
Amounts falling due within one year 7 248,548 224,600
NET CURRENT ASSETS 140,888 157,896
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,657

157,896

CREDITORS
Amounts falling due after more than one
year

8

16,918

23,524
NET ASSETS 128,739 134,372

CAPITAL AND RESERVES
Called up share capital 276,762 267,388
Share premium 1,012,536 645,017
Other reserves - 170,000
Retained earnings (1,160,559 ) (948,033 )
128,739 134,372

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 directors acknowledge their 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.

LIFE MOMENTS LIMITED (REGISTERED NUMBER: 11509188)

BALANCE SHEET - continued
31 MARCH 2023


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 Board of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by:





P Carse - Director


LIFE MOMENTS LIMITED (REGISTERED NUMBER: 11509188)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Life Moments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

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

- Computer equipment - 25% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

LIFE MOMENTS LIMITED (REGISTERED NUMBER: 11509188)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease,

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 April 2022
and 31 March 2023 149,948
AMORTISATION
At 1 April 2022
and 31 March 2023 149,948
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 5,565
At 31 March 2023 5,565
DEPRECIATION
Charge for year 796
At 31 March 2023 796
NET BOOK VALUE
At 31 March 2023 4,769

LIFE MOMENTS LIMITED (REGISTERED NUMBER: 11509188)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 72,195 34,296
Other debtors 140,791 2,782
212,986 37,078

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,986 7,986
Trade creditors 2,339 1,656
Taxation and social security 97,764 68,116
Other creditors 140,459 146,842
248,548 224,600

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 16,918 23,524

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed Directors £37,000 (2022: £49,500).