IRIS Accounts Production v23.4.0.336 10825146 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh108251462022-06-30108251462023-06-30108251462022-07-012023-06-30108251462021-06-30108251462021-07-012022-06-30108251462022-06-3010825146ns15:EnglandWales2022-07-012023-06-3010825146ns14:PoundSterling2022-07-012023-06-3010825146ns10:Director12022-07-012023-06-3010825146ns10:PrivateLimitedCompanyLtd2022-07-012023-06-3010825146ns10:SmallEntities2022-07-012023-06-3010825146ns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3010825146ns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3010825146ns10:SmallCompaniesRegimeForAccounts2022-07-012023-06-3010825146ns10:FullAccounts2022-07-012023-06-3010825146ns10:Director22022-07-012023-06-3010825146ns10:RegisteredOffice2022-07-012023-06-3010825146ns5:CurrentFinancialInstruments2023-06-3010825146ns5:CurrentFinancialInstruments2022-06-3010825146ns5:Non-currentFinancialInstruments2023-06-3010825146ns5:Non-currentFinancialInstruments2022-06-3010825146ns5:ShareCapital2023-06-3010825146ns5:ShareCapital2022-06-3010825146ns5:RetainedEarningsAccumulatedLosses2023-06-3010825146ns5:RetainedEarningsAccumulatedLosses2022-06-3010825146ns5:FurnitureFittings2022-07-012023-06-3010825146ns5:ComputerEquipment2022-07-012023-06-3010825146ns5:FurnitureFittings2022-06-3010825146ns5:ComputerEquipment2022-06-3010825146ns5:FurnitureFittings2023-06-3010825146ns5:ComputerEquipment2023-06-3010825146ns5:FurnitureFittings2022-06-3010825146ns5:ComputerEquipment2022-06-3010825146ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3010825146ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30
REGISTERED NUMBER: 10825146 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2023

FOR

INDEPENDENT LIFE UK LIMITED

INDEPENDENT LIFE UK LIMITED (REGISTERED NUMBER: 10825146)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INDEPENDENT LIFE UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: Mrs S Laycock
D G Laycock





REGISTERED OFFICE: Unit 1, 30-38 Dock Street
Leeds
LS10 1JF





REGISTERED NUMBER: 10825146 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED

INDEPENDENT LIFE UK LIMITED (REGISTERED NUMBER: 10825146)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,310 3,313

CURRENT ASSETS
Debtors 5 47,877 63,219
Cash at bank and in hand 27,103 4,844
74,980 68,063
CREDITORS
Amounts falling due within one year 6 162,218 223,926
NET CURRENT LIABILITIES (87,238 ) (155,863 )
TOTAL ASSETS LESS CURRENT LIABILITIES (83,928 ) (152,550 )

CREDITORS
Amounts falling due after more than one year 7 11,839 17,962
NET LIABILITIES (95,767 ) (170,512 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (95,867 ) (170,612 )
SHAREHOLDERS' FUNDS (95,767 ) (170,512 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

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 19th March 2024 and were signed on its behalf by:





D G Laycock - Director


INDEPENDENT LIFE UK LIMITED (REGISTERED NUMBER: 10825146)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

Independent Life Uk 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

Going concern
Despite the company showing net liabilities, the financial statements have been prepared on a going concern basis. The director will continue to support the company for a period in excess of twelve months from the date of approval of these financial statements.

Government grants
Coronavirus Job Retention Scheme (CJRS) grant income is recognised in the accounts on a straight line basis over the furlough period of each relevant employee.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 5 ) .

INDEPENDENT LIFE UK LIMITED (REGISTERED NUMBER: 10825146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st July 2022 818 4,598 5,416
Additions - 1,043 1,043
At 30th June 2023 818 5,641 6,459
DEPRECIATION
At 1st July 2022 391 1,712 2,103
Charge for year 64 982 1,046
At 30th June 2023 455 2,694 3,149
NET BOOK VALUE
At 30th June 2023 363 2,947 3,310
At 30th June 2022 427 2,886 3,313

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 38,894 63,219
Other debtors 8,983 -
47,877 63,219

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,196 6,123
Trade creditors 11,147 8,831
Taxation and social security 13,156 14,739
Other creditors 131,719 194,233
162,218 223,926

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 11,839 17,962

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £129,489 (2022 - £192,192) to members of key management personnel. No interest has been charged to the company in respect of this loan which is repayable on demand and is presented within creditors due within one year.