IRIS Accounts Production v23.1.0.753 07334273 director 1.9.21 31.8.22 31.8.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure073342732021-08-31073342732022-08-31073342732021-09-012022-08-31073342732020-08-31073342732020-09-012021-08-31073342732021-08-3107334273ns15:EnglandWales2021-09-012022-08-3107334273ns14:PoundSterling2021-09-012022-08-3107334273ns10:Director12021-09-012022-08-3107334273ns10:PrivateLimitedCompanyLtd2021-09-012022-08-3107334273ns10:SmallEntities2021-09-012022-08-3107334273ns10:AuditExempt-NoAccountantsReport2021-09-012022-08-3107334273ns10:SmallCompaniesRegimeForDirectorsReport2021-09-012022-08-3107334273ns10:SmallCompaniesRegimeForAccounts2021-09-012022-08-3107334273ns10:FullAccounts2021-09-012022-08-3107334273ns10:CompanySecretary12021-09-012022-08-3107334273ns10:RegisteredOffice2021-09-012022-08-3107334273ns5:CurrentFinancialInstruments2022-08-3107334273ns5:CurrentFinancialInstruments2021-08-3107334273ns5:Non-currentFinancialInstruments2022-08-3107334273ns5:Non-currentFinancialInstruments2021-08-3107334273ns5:ShareCapital2022-08-3107334273ns5:ShareCapital2021-08-3107334273ns5:RetainedEarningsAccumulatedLosses2022-08-3107334273ns5:RetainedEarningsAccumulatedLosses2021-08-3107334273ns5:ComputerEquipment2021-09-012022-08-3107334273ns5:ComputerEquipment2021-08-3107334273ns5:ComputerEquipment2022-08-3107334273ns5:ComputerEquipment2021-08-3107334273ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3107334273ns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-08-31073342731ns10:Director12021-08-31073342731ns10:Director12020-08-31073342731ns10:Director12021-09-012022-08-31073342731ns10:Director12020-09-012021-08-31073342731ns10:Director12022-08-31073342731ns10:Director12021-08-31
REGISTERED NUMBER: 07334273 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

FOR

LIFECYCLE & SYSTEMS LIMITED

LIFECYCLE & SYSTEMS LIMITED (REGISTERED NUMBER: 07334273)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


LIFECYCLE & SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2022







DIRECTOR: A Blake





SECRETARY: Mrs K Blake





REGISTERED OFFICE: C/o Beever and Struthers
One Express
1 George Leigh Street
Manchester
Greater Manchester
M4 5DL





REGISTERED NUMBER: 07334273 (England and Wales)

LIFECYCLE & SYSTEMS LIMITED (REGISTERED NUMBER: 07334273)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Debtors 5 21,013 20,391
Cash at bank 4,803 8,735
25,816 29,126
CREDITORS
Amounts falling due within one year 6 9,315 15,429
NET CURRENT ASSETS 16,501 13,697
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,501

13,697

CREDITORS
Amounts falling due after more than one
year

7

19,099

20,000
NET LIABILITIES (2,598 ) (6,303 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (2,600 ) (6,305 )
SHAREHOLDERS' FUNDS (2,598 ) (6,303 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2023 and were signed by:



A Blake - Director


LIFECYCLE & SYSTEMS LIMITED (REGISTERED NUMBER: 07334273)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022

1. STATUTORY INFORMATION

Lifecycle & Systems 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 represents the value of services supplied, excluding value added tax.

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 - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern basis of accounting
The financial statements have been prepared on the going concern basis of accounting on the assumption that the director, A Blake, will repay the amount of £22,633 that he owes to the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

LIFECYCLE & SYSTEMS LIMITED (REGISTERED NUMBER: 07334273)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2022

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2021
and 31 August 2022 1,729
DEPRECIATION
At 1 September 2021
and 31 August 2022 1,729
NET BOOK VALUE
At 31 August 2022 -
At 31 August 2021 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 21,013 20,391

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 1 -
Taxation and social security 4,314 10,429
9,315 15,429

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 19,099 20,000

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2022 and 31 August 2021:

2022 2021
£    £   
A Blake
Balance outstanding at start of year 19,001 9,917
Amounts advanced 622 14,084
Amounts repaid - (5,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,623 19,001