Company Registration No. 07882608 (England and Wales)
LIFELINE FITNESS LIMITED
Unaudited accounts
for the year ended 31 March 2023
LIFELINE FITNESS LIMITED
Unaudited accounts
Contents
LIFELINE FITNESS LIMITED
Company Information
for the year ended 31 March 2023
Director
Graeme Dale LIVINGSTONE
Company Number
07882608 (England and Wales)
Registered Office
HOLLAND ROAD
HURST GREEN
OXTED
SURREY
RH8 9BQ
LIFELINE FITNESS LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
2,273
4,586
Cash at bank and in hand
-
632
Creditors: amounts falling due within one year
(95,237)
(90,425)
Net current assets
26,066
28,417
Total assets less current liabilities
28,339
33,003
Creditors: amounts falling due after more than one year
(150,000)
(150,000)
Net liabilities
(121,661)
(116,997)
Called up share capital
1
1
Profit and loss account
(121,662)
(116,998)
Shareholders' funds
(121,661)
(116,997)
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 January 2024 and were signed on its behalf by
Graeme Dale LIVINGSTONE
Director
Company Registration No. 07882608
LIFELINE FITNESS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
LIFELINE FITNESS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07882608. The registered office is HOLLAND ROAD, HURST GREEN, OXTED, SURREY, RH8 9BQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The director is of the opinion that preparing the accounts based on a going concern approach is suitable. The director commits to providing financial support to ensure the company can fulfill its obligations in the foreseeable future. Additionally, the director has decided that any repayment of personal funds will not be pursued until the company possesses adequate funds for such repayment
4
Intangible fixed assets
Goodwill
LIFELINE FITNESS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
43,093
75,420
5,417
123,930
At 31 March 2023
43,093
75,420
5,417
123,930
At 1 April 2022
43,093
70,834
5,417
119,344
Charge for the year
-
2,313
-
2,313
At 31 March 2023
43,093
73,147
5,417
121,657
At 31 March 2023
-
2,273
-
2,273
At 31 March 2022
-
4,586
-
4,586
Amounts falling due within one year
Other debtors
121,303
117,682
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
25,089
28,123
Taxes and social security
-
1,402
Other creditors
31,165
20,577
Loans from directors
38,983
40,323
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
150,000
150,000
9
Average number of employees
During the year the average number of employees was 0 (2022: 1).