Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 09311870 Mr S Stimpson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09311870 2022-11-30 09311870 2023-11-30 09311870 2022-12-01 2023-11-30 09311870 frs-core:Non-currentFinancialInstruments 2023-11-30 09311870 frs-core:ComputerEquipment 2022-12-01 2023-11-30 09311870 frs-core:SharePremium 2023-11-30 09311870 frs-core:ShareCapital 2023-11-30 09311870 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 09311870 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09311870 frs-bus:AbridgedAccounts 2022-12-01 2023-11-30 09311870 frs-bus:SmallEntities 2022-12-01 2023-11-30 09311870 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 09311870 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 09311870 frs-bus:Director1 2022-12-01 2023-11-30 09311870 frs-countries:EnglandWales 2022-12-01 2023-11-30 09311870 2021-11-30 09311870 2022-11-30 09311870 2021-12-01 2022-11-30 09311870 frs-core:Non-currentFinancialInstruments 2022-11-30 09311870 frs-core:SharePremium 2022-11-30 09311870 frs-core:ShareCapital 2022-11-30 09311870 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 09311870
Life Champions Technology Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 09311870
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 217,770 217,770
Tangible Assets 5 301 301
218,071 218,071
CURRENT ASSETS
Debtors 900 900
Cash at bank and in hand 2 2
902 902
Creditors: Amounts Falling Due Within One Year (253,381 ) (253,381 )
NET CURRENT ASSETS (LIABILITIES) (252,479 ) (252,479 )
TOTAL ASSETS LESS CURRENT LIABILITIES (34,408 ) (34,408 )
Creditors: Amounts Falling Due After More Than One Year (49,000 ) (49,000 )
NET LIABILITIES (83,408 ) (83,408 )
CAPITAL AND RESERVES
Called up share capital 6 11,090 11,090
Share premium account 19,980 19,980
Profit and Loss Account (114,478 ) (114,478 )
SHAREHOLDERS' FUNDS (83,408) (83,408)
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Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 November 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr S Stimpson
Director
29 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Life Champions Technology Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09311870 . The registered office is First Floor, 85 Great Portland Street, London, W1W 7LT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to the profit and loss on a straight line basis over their expected useful economic lives, which range from 5 to 10 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Intangible Assets
Total
£
Cost
As at 1 December 2022 217,770
As at 30 November 2023 217,770
Net Book Value
As at 30 November 2023 217,770
As at 1 December 2022 217,770
5. Tangible Assets
Total
£
Cost
As at 1 December 2022 1,694
As at 30 November 2023 1,694
Depreciation
As at 1 December 2022 1,393
As at 30 November 2023 1,393
Net Book Value
As at 30 November 2023 301
As at 1 December 2022 301
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6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 11,090 11,090
7. Contingent Liabilities
2023 2022
£ £
At the end of the period 1,006,608 856,608
The company had contingent liabilities in respect of consultancy services that will become due based on future levels of sales and/or investments.
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