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REGISTERED NUMBER: 05603616 (England and Wales)















Financial Statements for the Year Ended 31st December 2023

for

The Life Centre North Limited

The Life Centre North Limited (Registered number: 05603616)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Life Centre North Limited

Company Information
for the Year Ended 31st December 2023







DIRECTORS: Ms E Stanley
Mrs C Gregg
Mr A Kowal





SECRETARY: Mr G Burns





REGISTERED OFFICE: Stag House
Old London Road
Hertford
Hertfordshire
SG13 7LA





REGISTERED NUMBER: 05603616 (England and Wales)





ACCOUNTANTS: Armstrong & Co
Chartered Accountants
4a Printing House Yard
Hackney Road
London
E2 7PR

The Life Centre North Limited (Registered number: 05603616)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,885 2,914

CURRENT ASSETS
Stocks 1,205 338
Debtors 5 20,755 8,267
Cash at bank 34,271 38,382
56,231 46,987
CREDITORS
Amounts falling due within one year 6 49,254 66,827
NET CURRENT ASSETS/(LIABILITIES) 6,977 (19,840 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,862

(16,926

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 8,762 (17,026 )
SHAREHOLDERS' FUNDS 8,862 (16,926 )

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

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

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 23rd August 2024 and were signed on its behalf by:



Ms E Stanley - Director


The Life Centre North Limited (Registered number: 05603616)

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


1. STATUTORY INFORMATION

The Life Centre North 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 represents net invoiced sales of goods, excluding value added tax.

Turnover represents amounts receivable from the provision of services as per the principal activities of the company, excluding 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 - 25% on reducing balance
Fixtures and fittings - at varying rates on cost
Computer equipment - at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

The Life Centre North Limited (Registered number: 05603616)

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


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st January 2023
and 31st December 2023 26,588 35,645 119,732 6,842 188,807
DEPRECIATION
At 1st January 2023 23,674 35,645 119,732 6,842 185,893
Charge for year 1,029 - - - 1,029
At 31st December 2023 24,703 35,645 119,732 6,842 186,922
NET BOOK VALUE
At 31st December 2023 1,885 - - - 1,885
At 31st December 2022 2,914 - - - 2,914

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,219 2,168
Prepayments 17,536 6,099
20,755 8,267

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 33,032 42,369
Deferred income 15,031 23,324
Accrued expenses 1,191 1,134
49,254 66,827

7. RESERVES
Retained
earnings
£   

At 1st January 2023 (17,026 )
Profit for the year 25,788
At 31st December 2023 8,762

The Life Centre North Limited (Registered number: 05603616)

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


8. OTHER FINANCIAL COMMITMENTS

At 31 December 2023, the company had total commitments under operating leases which expire in May 2026 of £111,167. The company has an option to cancel these leases from 31 December 2024.

9. ULTIMATE CONTROLLING PARTY

The Life Centre North Limited, is wholly owned by Awareness Limited, a company limited by shares (no: 04353703).