IRIS Accounts Production v24.2.0.383 12374563 director 1.1.23 31.12.23 31.12.23 0 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh123745632022-12-31123745632023-12-31123745632023-01-012023-12-31123745632021-12-31123745632022-01-012022-12-31123745632022-12-3112374563ns15:EnglandWales2023-01-012023-12-3112374563ns14:PoundSterling2023-01-012023-12-3112374563ns10:Director12023-01-012023-12-3112374563ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3112374563ns10:SmallEntities2023-01-012023-12-3112374563ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3112374563ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3112374563ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3112374563ns10:FullAccounts2023-01-012023-12-311237456312023-01-012023-12-3112374563ns10:RegisteredOffice2023-01-012023-12-3112374563ns5:CurrentFinancialInstruments2023-12-3112374563ns5:CurrentFinancialInstruments2022-12-3112374563ns5:Non-currentFinancialInstruments2023-12-3112374563ns5:Non-currentFinancialInstruments2022-12-3112374563ns5:ShareCapital2023-12-3112374563ns5:ShareCapital2022-12-3112374563ns5:RetainedEarningsAccumulatedLosses2023-12-3112374563ns5:RetainedEarningsAccumulatedLosses2022-12-3112374563ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-12-3112374563ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-01-012023-12-3112374563ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-12-3112374563ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-12-3112374563ns5:PlantMachinery2022-12-3112374563ns5:PlantMachinery2023-01-012023-12-3112374563ns5:PlantMachinery2023-12-3112374563ns5:PlantMachinery2022-12-3112374563ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3112374563ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 12374563 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LIFE ON FITNESS LTD

LIFE ON FITNESS LTD (REGISTERED NUMBER: 12374563)






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


LIFE ON FITNESS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr M Cohen





REGISTERED OFFICE: 20-22 Wenlock Road
London
N1 7GU





REGISTERED NUMBER: 12374563 (England and Wales)





ACCOUNTANTS: DAS Accounting & Partners (UK) LLP
105 Eade Road
OCC Building A
2nd Floor Unit 11D
London
N4 1TJ

LIFE ON FITNESS LTD (REGISTERED NUMBER: 12374563)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 15,997 16,943
Tangible assets 6 229 305
16,226 17,248

CURRENT ASSETS
Debtors 7 - 66
Cash at bank and in hand 1,454 9,677
1,454 9,743
CREDITORS
Amounts falling due within one year 8 (10,869 ) (10,503 )
NET CURRENT LIABILITIES (9,415 ) (760 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,811

16,488

CREDITORS
Amounts falling due after more than one year 9 (31,975 ) (33,675 )
NET LIABILITIES (25,164 ) (17,187 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (25,165 ) (17,188 )
(25,164 ) (17,187 )

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 director acknowledges his 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.

LIFE ON FITNESS LTD (REGISTERED NUMBER: 12374563)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 August 2024 and were signed by:





Mr M Cohen - Director


LIFE ON FITNESS LTD (REGISTERED NUMBER: 12374563)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Life on Fitness Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the director is required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

The director does not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

LIFE ON FITNESS LTD (REGISTERED NUMBER: 12374563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. ACCOUNTING POLICIES - continued

Intangible assets
Intangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated amortisation and impairment losses.

Amortisation
Amortisation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life:

Website - 25% reducing balance

Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life

Office equipment - 25% reducing balance

Going concern
The company is a going concern on the assumption of continued support being provided by the director and finance providers.

4. EMPLOYEES AND DIRECTORS

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

5. INTANGIBLE ASSETS
Website
£   
COST
At 1 January 2023 25,379
Additions 4,387
At 31 December 2023 29,766
AMORTISATION
At 1 January 2023 8,436
Amortisation for year 5,333
At 31 December 2023 13,769
NET BOOK VALUE
At 31 December 2023 15,997
At 31 December 2022 16,943

LIFE ON FITNESS LTD (REGISTERED NUMBER: 12374563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. TANGIBLE ASSETS
Office
equipment
£   
COST
At 1 January 2023
and 31 December 2023 722
DEPRECIATION
At 1 January 2023 417
Charge for year 76
At 31 December 2023 493
NET BOOK VALUE
At 31 December 2023 229
At 31 December 2022 305

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 66

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,400 8,345
Other creditors 2,469 2,158
10,869 10,503

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 31,975 33,675

10. RELATED PARTY DISCLOSURES

Other creditors include an amount of £1,570 (2022: £1,258) owed to the director of the company.

No transactions with related parties, other than disclosed above, were undertaken such as are required to be disclosed under FRS102.