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REGISTERED NUMBER: 12991564 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Sett For Life Ltd

Sett For Life Ltd (Registered number: 12991564)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sett For Life Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs S S G D Atkins-Quilter
J M Atkins-Quilter





REGISTERED OFFICE: Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY





REGISTERED NUMBER: 12991564 (England and Wales)





ACCOUNTANTS: J & C Accountants Ltd
Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY

Sett For Life Ltd (Registered number: 12991564)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 321 482

CURRENT ASSETS
Debtors 5 9,271 15,271
Cash at bank and in hand 20,310 13,667
29,581 28,938
CREDITORS
Amounts falling due within one year 6 26,714 25,950
NET CURRENT ASSETS 2,867 2,988
TOTAL ASSETS LESS CURRENT LIABILITIES 3,188 3,470

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 3,186 3,468
SHAREHOLDERS' FUNDS 3,188 3,470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Sett For Life Ltd (Registered number: 12991564)

Balance Sheet - continued
30 November 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 30 April 2024 and were signed on its behalf by:




Mrs S S G D Atkins-Quilter - Director



J M Atkins-Quilter - Director


Sett For Life Ltd (Registered number: 12991564)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Sett For Life Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 12991564. The registered office is Wyvols Court, Basingstoke Road, Swallowfield, Reading, Berkshire, RG7 1WY. The trading address is 2 Churchway, Sparsholt, Wantage, Oxfordshire, OX12 9PU.

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 mesured at the fair value of consideration received or receivable, net of discounts rebates and value added tax.

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 - 33.3% on cost

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.

Sett For Life Ltd (Registered number: 12991564)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 1,083
DEPRECIATION
At 1 December 2022 601
Charge for year 161
At 30 November 2023 762
NET BOOK VALUE
At 30 November 2023 321
At 30 November 2022 482

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 250 100
Other debtors 9,021 15,171
9,271 15,271

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security 4,920 1,563
Other creditors 21,794 24,387
26,714 25,950

Sett For Life Ltd (Registered number: 12991564)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
2 Ordinary £1 2 2

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
J M Atkins-Quilter and Mrs S S G D Atkins-Quilter
Balance outstanding at start of year 15,171 4,193
Amounts advanced 9,021 10,978
Amounts repaid (15,171 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,021 15,171

The overdrawn directors loan account was repaid in full within nine months of the year end.