Company Registration No. 06760095 (England and Wales)
Life Should Be Beautiful Limited
Unaudited accounts
for the year ended 30 November 2023
Life Should Be Beautiful Limited
Unaudited accounts
Contents
Life Should Be Beautiful Limited
Company Information
for the year ended 30 November 2023
Company Number
06760095 (England and Wales)
Registered Office
4 The Square
Wickham
Fareham
Hampshire
PO17 5JN
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Life Should Be Beautiful Limited
Accountants' report
Accountants' report to the director of Life Should Be Beautiful Limited on the preparation of the unaudited statutory accounts for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Life Should Be Beautiful Limited for the year ended
30 November 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Life Should Be Beautiful Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Life Should Be Beautiful Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Life Should Be Beautiful Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Life Should Be Beautiful Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Life Should Be Beautiful Limited. You consider that Life Should Be Beautiful Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Life Should Be Beautiful Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
5 March 2024
Life Should Be Beautiful Limited
Statement of financial position
as at 30 November 2023
Tangible assets
131,204
97,874
Cash at bank and in hand
33,530
73,398
Creditors: amounts falling due within one year
(18,352)
(36,667)
Net current assets
77,941
109,295
Total assets less current liabilities
209,145
207,169
Creditors: amounts falling due after more than one year
(117,716)
(80,043)
Called up share capital
100
100
Profit and loss account
91,329
127,026
Shareholders' funds
91,429
127,126
For the year ending 30 November 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 her 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 5 March 2024 and were signed on its behalf by
Leanne Hawkins
Director
Company Registration No. 06760095
Life Should Be Beautiful Limited
Notes to the Accounts
for the year ended 30 November 2023
Life Should Be Beautiful Limited is a private company, limited by shares, registered in England and Wales, registration number 06760095. The registered office is 4 The Square , Wickham , Fareham, Hampshire, PO17 5JN.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Life Should Be Beautiful Limited
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2022
243,244
-
1,137
20,459
264,840
Additions
1,097
60,292
-
-
61,389
At 30 November 2023
244,341
60,292
1,137
20,459
326,229
At 1 December 2022
155,021
-
934
11,011
166,966
Charge for the year
22,095
3,551
51
2,362
28,059
At 30 November 2023
177,116
3,551
985
13,373
195,025
At 30 November 2023
67,225
56,741
152
7,086
131,204
At 30 November 2022
88,223
-
203
9,448
97,874
Amounts falling due within one year
Amounts due from group undertakings etc.
49,570
59,070
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
9,932
6,225
Trade creditors
6,593
9,603
Taxes and social security
629
19,228
Loans from directors
-
796
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
86,236
38,908
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Life Should Be Beautiful Limited
Notes to the Accounts
for the year ended 30 November 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
(796)
(19,395)
(20,191)
-
10
Average number of employees
During the year the average number of employees was 5 (2022: 5).