Acorah Software Products - Accounts Production 14.6.300 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 02120726 Mr Philip Myatt Mrs Melanie Thomson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02120726 2022-10-31 02120726 2023-10-31 02120726 2022-11-01 2023-10-31 02120726 frs-core:FurnitureFittings 2022-11-01 2023-10-31 02120726 frs-core:RevaluationReserve 2022-10-31 02120726 frs-core:RevaluationReserve 2023-10-31 02120726 frs-core:ShareCapital 2023-10-31 02120726 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 02120726 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 02120726 frs-bus:AbridgedAccounts 2022-11-01 2023-10-31 02120726 frs-bus:SmallEntities 2022-11-01 2023-10-31 02120726 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 02120726 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 02120726 frs-core:CostValuation 2022-10-31 02120726 frs-core:CostValuation 2023-10-31 02120726 frs-core:ProvisionsForImpairmentInvestments 2022-10-31 02120726 frs-core:ProvisionsForImpairmentInvestments 2023-10-31 02120726 frs-bus:Director1 2022-11-01 2023-10-31 02120726 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 02120726 frs-countries:EnglandWales 2022-11-01 2023-10-31 02120726 2021-10-31 02120726 2022-10-31 02120726 2021-11-01 2022-10-31 02120726 frs-core:RevaluationReserve 2022-10-31 02120726 frs-core:ShareCapital 2022-10-31 02120726 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 02120726
Lifeline Developments Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 02120726
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,721 12,394
Investments 5 205,000 205,000
216,721 217,394
CURRENT ASSETS
Debtors 94,958 172,523
Cash at bank and in hand 3,761 2,367
98,719 174,890
Creditors: Amounts Falling Due Within One Year (303,431 ) (391,556 )
NET CURRENT ASSETS (LIABILITIES) (204,712 ) (216,666 )
TOTAL ASSETS LESS CURRENT LIABILITIES 12,009 728
NET ASSETS 12,009 728
CAPITAL AND RESERVES
Called up share capital 6 2 2
Revaluation reserve 7 29,295 29,295
Profit and Loss Account (17,288 ) (28,569 )
SHAREHOLDERS' FUNDS 12,009 728
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For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 October 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Philip Myatt
Director
31/07/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Lifeline Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02120726 . The registered office is 9 Blacks Close, Waddington, Lincoln, LN5 9SG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company's ordinary activities.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% on reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
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4. Tangible Assets
Total
£
Cost
As at 1 November 2022 73,064
Additions 1,395
As at 31 October 2023 74,459
Depreciation
As at 1 November 2022 60,670
Provided during the period 2,068
As at 31 October 2023 62,738
Net Book Value
As at 31 October 2023 11,721
As at 1 November 2022 12,394
5. Investments
Total
£
Cost
As at 1 November 2022 186,137
As at 31 October 2023 186,137
Provision
As at 1 November 2022 (18,863 )
As at 31 October 2023 (18,863 )
Net Book Value
As at 31 October 2023 205,000
As at 1 November 2022 205,000
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
7. Reserves
Revaluation Reserve
£
As at 1 November 2022 29,295
As at 31 October 2023 29,295
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