IRIS Accounts Production v24.1.0.578 11487372 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false Ordinary 99.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh114873722022-07-31114873722023-07-31114873722022-08-012023-07-31114873722021-07-31114873722021-08-012022-07-31114873722022-07-3111487372ns15:EnglandWales2022-08-012023-07-3111487372ns14:PoundSterling2022-08-012023-07-3111487372ns10:Director12022-08-012023-07-3111487372ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3111487372ns10:SmallEntities2022-08-012023-07-3111487372ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3111487372ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3111487372ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3111487372ns10:FullAccounts2022-08-012023-07-3111487372ns10:OrdinaryShareClass12022-08-012023-07-3111487372ns10:Director22022-08-012023-07-3111487372ns10:Director32022-08-012023-07-3111487372ns10:CompanySecretary12022-08-012023-07-3111487372ns10:RegisteredOffice2022-08-012023-07-3111487372ns5:CurrentFinancialInstruments2023-07-3111487372ns5:CurrentFinancialInstruments2022-07-3111487372ns5:Non-currentFinancialInstruments2023-07-3111487372ns5:Non-currentFinancialInstruments2022-07-3111487372ns5:ShareCapital2023-07-3111487372ns5:ShareCapital2022-07-3111487372ns5:RetainedEarningsAccumulatedLosses2023-07-3111487372ns5:RetainedEarningsAccumulatedLosses2022-07-3111487372ns5:PlantMachinery2022-07-3111487372ns5:MotorVehicles2022-07-3111487372ns5:ComputerEquipment2022-07-3111487372ns5:PlantMachinery2022-08-012023-07-3111487372ns5:MotorVehicles2022-08-012023-07-3111487372ns5:ComputerEquipment2022-08-012023-07-3111487372ns5:PlantMachinery2023-07-3111487372ns5:MotorVehicles2023-07-3111487372ns5:ComputerEquipment2023-07-3111487372ns5:PlantMachinery2022-07-3111487372ns5:MotorVehicles2022-07-3111487372ns5:ComputerEquipment2022-07-3111487372ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3111487372ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3111487372ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-07-3111487372ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-07-3111487372ns10:OrdinaryShareClass12023-07-3111487372ns5:RetainedEarningsAccumulatedLosses2022-07-3111487372ns5:RetainedEarningsAccumulatedLosses2022-08-012023-07-31
REGISTERED NUMBER: 11487372 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Lifestyle Systems Ltd

Lifestyle Systems Ltd (Registered number: 11487372)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lifestyle Systems Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: N L Austin
W G Austin
S Vincent





SECRETARY: W G Austin





REGISTERED OFFICE: Old Green Farm
Whites Hill
Owslebury
Hampshire
SO21 1LT





REGISTERED NUMBER: 11487372 (England and Wales)





ACCOUNTANTS: Add-Vanced Bookkeeping Services Ltd
9 Cross Lee Road
Todmorden
West Yorkshire
OL14 8EH

Lifestyle Systems Ltd (Registered number: 11487372)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,603 25,557

CURRENT ASSETS
Stocks 39,587 26,262
Debtors 5 195,287 246,565
Cash at bank 395 40,047
235,269 312,874
CREDITORS
Amounts falling due within one year 6 254,588 330,303
NET CURRENT LIABILITIES (19,319 ) (17,429 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

284

8,128

CREDITORS
Amounts falling due after more than one
year

7

47,083

53,400
NET LIABILITIES (46,799 ) (45,272 )

CAPITAL AND RESERVES
Called up share capital 8 99 99
Retained earnings 9 (46,898 ) (45,371 )
SHAREHOLDERS' FUNDS (46,799 ) (45,272 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Lifestyle Systems Ltd (Registered number: 11487372)

Balance Sheet - continued
31 July 2023


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 16 April 2024 and were signed on its behalf by:





N L Austin - Director


Lifestyle Systems Ltd (Registered number: 11487372)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Lifestyle Systems Ltd 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

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

Lifestyle Systems Ltd (Registered number: 11487372)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 17,185 28,694 12,196 58,075
Additions 7,630 - 480 8,110
At 31 July 2023 24,815 28,694 12,676 66,185
DEPRECIATION
At 1 August 2022 4,003 21,330 7,185 32,518
Charge for year 3,721 7,174 3,169 14,064
At 31 July 2023 7,724 28,504 10,354 46,582
NET BOOK VALUE
At 31 July 2023 17,091 190 2,322 19,603
At 31 July 2022 13,182 7,364 5,011 25,557

5. DEBTORS
31.7.23 31.7.22
£    £   
Amounts falling due within one year:
Trade debtors - 17,359
Other Debtors 148,041 174,701
Prepayments and accrued income - 8,195
148,041 200,255

Amounts falling due after more than one year:
Amounts recoverable on contract 47,246 46,310

Aggregate amounts 195,287 246,565

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 3,406 44,697
Tax 92 209
Social security and other taxes 11,456 18,063
Pensions Payable 458 416
VAT 11,370 34,667
Salary Control 3,056 -
Directors' loan accounts 223,650 231,151
Accrued expenses 1,100 1,100
254,588 330,303

Lifestyle Systems Ltd (Registered number: 11487372)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Hire Purchase - Due After 1 Yr 3,300 7,836
Bounce Back Loan Scheme 43,783 45,564
47,083 53,400

Amounts falling due in more than five years:

Repayable by instalments
Bounce Back Loan Scheme 43,783 45,564

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
99 Ordinary 99 99 99

9. RESERVES
Retained
earnings
£   

At 1 August 2022 (45,371 )
Deficit for the year (1,527 )
At 31 July 2023 (46,898 )

10. RELATED PARTY DISCLOSURES

During the year, transactions took place with OnCourt EU BV, a company under common ownership of the directors.

All transactions were undertaken on normal commercial terms

At the year end OnCourt EU BV owed £148,040.57 to Lifestyle Systems Ltd.