Silverfin false false 30/09/2023 08/09/2022 30/09/2023 Mr S Brewin Smith 05/09/2022 16 August 2024 The principal activity of the company during the financial year was the development of a social media platform. 14345958 2023-09-30 14345958 bus:Director1 2023-09-30 14345958 core:CurrentFinancialInstruments 2023-09-30 14345958 core:ShareCapital 2023-09-30 14345958 core:RetainedEarningsAccumulatedLosses 2023-09-30 14345958 core:OtherResidualIntangibleAssets 2022-09-07 14345958 2022-09-07 14345958 core:OtherResidualIntangibleAssets 2023-09-30 14345958 bus:OrdinaryShareClass1 2023-09-30 14345958 2022-09-08 2023-09-30 14345958 bus:FilletedAccounts 2022-09-08 2023-09-30 14345958 bus:SmallEntities 2022-09-08 2023-09-30 14345958 bus:AuditExemptWithAccountantsReport 2022-09-08 2023-09-30 14345958 bus:PrivateLimitedCompanyLtd 2022-09-08 2023-09-30 14345958 bus:Director1 2022-09-08 2023-09-30 14345958 core:OtherResidualIntangibleAssets 2022-09-08 2023-09-30 14345958 bus:OrdinaryShareClass1 2022-09-08 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14345958 (England and Wales)

GO2LIFE LIMITED

Unaudited Financial Statements
For the financial period from 08 September 2022 to 30 September 2023
Pages for filing with the registrar

GO2LIFE LIMITED

Unaudited Financial Statements

For the financial period from 08 September 2022 to 30 September 2023

Contents

GO2LIFE LIMITED

COMPANY INFORMATION

For the financial period from 08 September 2022 to 30 September 2023
GO2LIFE LIMITED

COMPANY INFORMATION (continued)

For the financial period from 08 September 2022 to 30 September 2023
DIRECTOR Mr S Brewin Smith
REGISTERED OFFICE 18 Ervin Way
Queniborough
Leicester
LE7 3TT
England
United Kingdom
COMPANY NUMBER 14345958 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
GO2LIFE LIMITED

BALANCE SHEET

As at 30 September 2023
GO2LIFE LIMITED

BALANCE SHEET (continued)

As at 30 September 2023
Note 30.09.2023
£
Fixed assets
Intangible assets 3 62,614
62,614
Current assets
Cash at bank and in hand 105
105
Creditors: amounts falling due within one year 4 ( 74,610)
Net current liabilities (74,505)
Total assets less current liabilities (11,891)
Net liabilities ( 11,891)
Capital and reserves
Called-up share capital 5 100
Profit and loss account ( 11,991 )
Total shareholders' deficit ( 11,891)

For the financial period ending 30 September 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Go2Life Limited (registered number: 14345958) were approved and authorised for issue by the Director on 16 August 2024. They were signed on its behalf by:

Mr S Brewin Smith
Director
GO2LIFE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 08 September 2022 to 30 September 2023
GO2LIFE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 08 September 2022 to 30 September 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Go2Life Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 18 Ervin Way, Queniborough, Leicester, LE7 3TT, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources and support from the director to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The reporting period for the company runs from 8 September 2022 to 30 September 2023 in line with the company's first financial period.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets not amortised
Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

Period from
08.09.2022 to
30.09.2023
Number
Monthly average number of persons employed by the Company during the period, including the director 0

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 08 September 2022 0 0
Additions 62,614 62,614
At 30 September 2023 62,614 62,614
Accumulated amortisation
At 08 September 2022 0 0
At 30 September 2023 0 0
Net book value
At 30 September 2023 62,614 62,614

The intangible asset is under development.

4. Creditors: amounts falling due within one year

30.09.2023
£
Amounts owed to director 66,210
Accruals 8,400
74,610

5. Called-up share capital

30.09.2023
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100

During the period 100 ordinary shares were issued at par.

6. Related party transactions

During the period, a loan existed between Go2Life Limited and company's director. No interest was charged on the loan and the balance is repayable on demand. at the balance sheet date the amount due to the director was £66,210.