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Company Registration No. 07767433 (England and Wales)
LIFE LONG STEEL SHEDS LTD Unaudited accounts for the year ended 31 December 2023
LIFE LONG STEEL SHEDS LTD Unaudited accounts Contents
Page
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LIFE LONG STEEL SHEDS LTD Company Information for the year ended 31 December 2023
Directors
S O'Leary M White C O'Leary F White P White
Company Number
07767433 (England and Wales)
Registered Office
C/O: PARKERS CORNER CHAMBERS 590A KINGSBURY ROAD BIRMINGHAM B24 9ND
Accountants
Parkers Accountancy And Taxation 590a Kingsbury Road Erdington Birmingham B24 9ND
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LIFE LONG STEEL SHEDS LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
76,511 
69,582 
Current assets
Inventories
160,000 
160,000 
Debtors
195,710 
63,210 
Cash at bank and in hand
61,575 
208,879 
417,285 
432,089 
Creditors: amounts falling due within one year
(136,416)
(156,030)
Net current assets
280,869 
276,059 
Total assets less current liabilities
357,380 
345,641 
Creditors: amounts falling due after more than one year
(7,108)
(84,045)
Net assets
350,272 
261,596 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
350,269 
261,593 
Shareholders' funds
350,272 
261,596 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2024 and were signed on its behalf by
S O'Leary Director Company Registration No. 07767433
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LIFE LONG STEEL SHEDS LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
LIFE LONG STEEL SHEDS LTD is a private company, limited by shares, registered in England and Wales, registration number 07767433. The registered office is C/O: PARKERS CORNER CHAMBERS, 590A KINGSBURY ROAD, BIRMINGHAM, B24 9ND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
35,001 
72,459 
61,142 
168,602 
Additions
- 
- 
18,500 
18,500 
At 31 December 2023
35,001 
72,459 
79,642 
187,102 
Depreciation
At 1 January 2023
- 
55,465 
43,555 
99,020 
Charge for the year
- 
2,549 
9,022 
11,571 
At 31 December 2023
- 
58,014 
52,577 
110,591 
Net book value
At 31 December 2023
35,001 
14,445 
27,065 
76,511 
At 31 December 2022
35,001 
16,994 
17,587 
69,582 
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LIFE LONG STEEL SHEDS LTD Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
195,710 
51,610 
Other debtors
- 
11,600 
195,710 
63,210 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
65,440 
71,119 
Taxes and social security
33,896 
29,485 
Other creditors
37,080 
55,426 
136,416 
156,030 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
7,108 
84,045 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3 
3 
9
Average number of employees
During the year the average number of employees was 7 (2022: 7).
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