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LIFETIME FINANCIAL THERAPY LIMITED

Registered Number
06743271
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

LIFETIME FINANCIAL THERAPY LIMITED
Company Information
for the year from 1 June 2022 to 31 May 2023

Directors | LEWIS, Angela Dawn
| LEWIS, Owen John Rhys

Registered Address | Jamesons House
| Compton Way
| Witney
| OX28 3AB

Place of Business | Manor Farm Barn
| Westcote Barton
| Chipping Norton
| Oxfordshire
| OX7 7AB

Registered Number | 06743271 (England and Wales)

LIFETIME FINANCIAL THERAPY LIMITED
Balance Sheet as at
31 May 2023

| Notes | 2023 |  | 2022
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 5 |  |  | 22 |  |  |  | 295
|  |  |  | 22 |  |  |  | 295
Current assets |  |  |  |  |  |  |  |
Cash at bank and on hand |  | 35,130 |  |  |  | 14,974 |  |
|  | 35,130 |  |  |  | 14,974 |  |
Creditors amounts falling due within one year | 6 | (18,475) |  |  |  | (13,831) |  |
Net current assets (liabilities) |  |  |  | 16,655 |  |  |  | 1,143
Total assets less current liabilities |  |  |  | 16,677 |  |  |  | 1,438
Net assets |  |  |  | 16,677 |  |  |  | 1,438
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  | 16,577 |  |  |  | 1,338
Shareholders' funds |  |  |  | 16,677 |  |  |  | 1,438

- The company was entitled to exemption from audit for this reporting period 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 directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 14 September 2023, and are signed on its behalf by:
LEWIS, Owen John Rhys Director Registered Company No. 06743271

LIFETIME FINANCIAL THERAPY LIMITED
Notes to the Financial Statements
for the year ended 31 May 2023

1. | Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | Compliance with applicable reporting framework
--- | ---
| The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard. The accounts have been prepared under the historical cost convention.

3. | Accounting policies
--- | ---

| Functional and presentation currency policy
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

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

| Property, plant and equipment policy
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

|  | Reducing balance (%) |  | Straight line (years)
| Office Equipment | 15 |  | 3

| Taxation policy
--- | ---
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 policy
--- | ---
| 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 the accounts. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date 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.

4. | Employee information
--- | ---

|  | 2023 |  | 2022
| Average number of employees during the year | 2 |  | 2

5. | Property, plant and equipment
--- | ---

|  | Office Equipment |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 June 22 | 1,902 |  | 1,902
| At 31 May 23 | 1,902 |  | 1,902
| Depreciation and impairment
| At 01 June 22 | 1,607 |  | 1,607
| Charge for year | 273 |  | 273
| At 31 May 23 | 1,880 |  | 1,880
| Net book value
| At 31 May 23 | 22 |  | 22
| At 31 May 22 | 295 |  | 295

6. | Creditors within one year
--- | ---

|  | 2023 |  | 2022
--- | --- | --- | --- | ---
|  | £ |  | £
| Taxation and social security | 13,518 |  | 10,723
| Other creditors | 1,189 |  | 109
| Accrued liabilities and deferred income | 3,768 |  | 2,999
| Total | 18,475 |  | 13,831