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REGISTERED NUMBER: 10634593 (England and Wales)















Life In Action Limited

Unaudited Financial Statements for the Year Ended 29 February 2024






Life In Action Limited (Registered number: 10634593)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Life In Action Limited

Company Information
for the Year Ended 29 February 2024







Directors: J Bloomfield
D Christie-Hewitt





Registered office: Suite 5 Kesteven Business Centre
Kesteven Street
Sleaford
Lincolnshire
NG34 7DT





Registered number: 10634593 (England and Wales)





Accountants: Rupert King & Company Limited
Stanton House
31 Westgate
Grantham
Lincolnshire
NG31 6LX

Life In Action Limited (Registered number: 10634593)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 3,399 3,521

Current assets
Debtors 5 1,865 1,878
Cash at bank 18,159 20,777
20,024 22,655
Creditors
Amounts falling due within one year 6 4,421 5,906
Net current assets 15,603 16,749
Total assets less current liabilities 19,002 20,270

Capital and reserves
Called up share capital 7 1 1
Retained earnings 8 19,001 20,269
Shareholders' funds 19,002 20,270

Life In Action Limited (Registered number: 10634593)

Balance Sheet - continued
29 February 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 16 August 2024 and were signed on its behalf by:





J Bloomfield - Director


Life In Action Limited (Registered number: 10634593)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. Statutory information

Life In Action 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% 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.

Life In Action Limited (Registered number: 10634593)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 March 2023 2,259 3,085 1,753 7,097
Additions - 290 704 994
At 29 February 2024 2,259 3,375 2,457 8,091
Depreciation
At 1 March 2023 1,290 1,095 1,191 3,576
Charge for year 243 456 417 1,116
At 29 February 2024 1,533 1,551 1,608 4,692
Net book value
At 29 February 2024 726 1,824 849 3,399
At 28 February 2023 969 1,990 562 3,521

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 1,519 1,457
Prepayments 346 421
1,865 1,878

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Corporation tax 2,835 4,503
Directors' current accounts 936 196
Accrued expenses 650 1,207
4,421 5,906

Life In Action Limited (Registered number: 10634593)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £0.01 1 1

8. Reserves
Retained
earnings
£   

At 1 March 2023 20,269
Profit for the year 11,834
Dividends (13,102 )
At 29 February 2024 19,001

9. Related party disclosures

During the year, total dividends of £13,102 (2023 - £19,850) were paid to the directors .

10. Ultimate controlling party

The controlling party is J Bloomfield.