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REGISTERED NUMBER: 07776489












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Street Life Limited

Street Life Limited (Registered number: 07776489)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Street Life Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M Pollock
R N Perring
Ms L Kitchen





REGISTERED OFFICE: 2 Castle Business Village
Station Road
Hampton
Middlesex
TW12 2BX





REGISTERED NUMBER: 07776489





ACCOUNTANTS: PB Associates
Chartered Accountants and Chartered Tax Advisers
2 Castle Business Village
Station Road
Hampton
Middlesex
TW12 2BX

Street Life Limited (Registered number: 07776489)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 10,485 13,051
Tangible assets 4 20,455 25,999
30,940 39,050

CURRENT ASSETS
Stocks 176,324 82,740
Debtors 5 252,656 185,478
Cash at bank 232,591 545,549
661,571 813,767
CREDITORS
Amounts falling due within one year 6 86,729 154,824
NET CURRENT ASSETS 574,842 658,943
TOTAL ASSETS LESS CURRENT
LIABILITIES

605,782

697,993

CREDITORS
Amounts falling due after more than one
year

7

14,167

24,167
NET ASSETS 591,615 673,826

CAPITAL AND RESERVES
Called up share capital 111 111
Share premium 10,275 10,275
Retained earnings 581,229 663,440
SHAREHOLDERS' FUNDS 591,615 673,826

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

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

Street Life Limited (Registered number: 07776489)

Balance Sheet - continued
31 December 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 29 May 2024 and were signed on its behalf by:





M Pollock - Director


Street Life Limited (Registered number: 07776489)

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

1. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

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 etc - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Street Life Limited (Registered number: 07776489)

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

1. ACCOUNTING POLICIES - continued

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 59 (2022 - 74 ) .

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 17,584
Additions 2,173
At 31 December 2023 19,757
AMORTISATION
At 1 January 2023 4,533
Charge for year 4,739
At 31 December 2023 9,272
NET BOOK VALUE
At 31 December 2023 10,485
At 31 December 2022 13,051

Street Life Limited (Registered number: 07776489)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 27,667 34,166 61,833
Additions - 3,157 3,157
Disposals - (3,625 ) (3,625 )
At 31 December 2023 27,667 33,698 61,365
DEPRECIATION
At 1 January 2023 13,247 22,587 35,834
Charge for year 4,197 4,504 8,701
Eliminated on disposal - (3,625 ) (3,625 )
At 31 December 2023 17,444 23,466 40,910
NET BOOK VALUE
At 31 December 2023 10,223 10,232 20,455
At 31 December 2022 14,420 11,579 25,999

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 226,050 161,333
Other debtors 26,606 24,145
252,656 185,478

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 15,261 25,506
Taxation and social security 37,833 70,461
Other creditors 23,635 48,857
86,729 154,824

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 14,167 24,167