ME Lifestyle Limited 12176513 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is travel agency. Digita Accounts Production Advanced 6.30.9574.0 true 12176513 2023-01-01 2023-12-31 12176513 2023-12-31 12176513 core:RetainedEarningsAccumulatedLosses 2023-12-31 12176513 core:ShareCapital 2023-12-31 12176513 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-12-31 12176513 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-12-31 12176513 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2023-12-31 12176513 core:CurrentFinancialInstruments 2023-12-31 12176513 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12176513 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 12176513 core:FurnitureFittingsToolsEquipment 2023-12-31 12176513 core:MotorVehicles 2023-12-31 12176513 bus:SmallEntities 2023-01-01 2023-12-31 12176513 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 12176513 bus:FullAccounts 2023-01-01 2023-12-31 12176513 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12176513 bus:RegisteredOffice 2023-01-01 2023-12-31 12176513 bus:Director1 2023-01-01 2023-12-31 12176513 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12176513 core:ComputerEquipment 2023-01-01 2023-12-31 12176513 core:FurnitureFittings 2023-01-01 2023-12-31 12176513 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 12176513 core:MotorVehicles 2023-01-01 2023-12-31 12176513 countries:EnglandWales 2023-01-01 2023-12-31 12176513 2022-12-31 12176513 core:FurnitureFittingsToolsEquipment 2022-12-31 12176513 core:MotorVehicles 2022-12-31 12176513 2022-01-01 2022-12-31 12176513 2022-12-31 12176513 core:RetainedEarningsAccumulatedLosses 2022-12-31 12176513 core:ShareCapital 2022-12-31 12176513 core:HirePurchaseContracts core:CurrentFinancialInstruments 2022-12-31 12176513 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2022-12-31 12176513 core:CurrentFinancialInstruments 2022-12-31 12176513 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 12176513 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 12176513 core:FurnitureFittingsToolsEquipment 2022-12-31 12176513 core:MotorVehicles 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 12176513

ME Lifestyle Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023

 

ME Lifestyle Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

ME Lifestyle Limited

(Registration number: 12176513)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

75,703

9,779

Other financial assets

5

100,000

100,000

 

175,703

109,779

Current assets

 

Debtors

6

593,105

317,387

Cash at bank and in hand

 

7,366

303,674

 

600,471

621,061

Creditors: Amounts falling due within one year

7

(160,500)

(527,743)

Net current assets

 

439,971

93,318

Total assets less current liabilities

 

615,674

203,097

Creditors: Amounts falling due after more than one year

7

(57,079)

-

Provisions for liabilities

-

(939)

Net assets

 

558,595

202,158

Capital and reserves

 

Called up share capital

100

100

Retained earnings

558,495

202,058

Shareholders' funds

 

558,595

202,158

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 September 2024
 

 

ME Lifestyle Limited

(Registration number: 12176513)
Balance Sheet as at 31 December 2023

.........................................
Ms M E Burge
Director

 

ME Lifestyle Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales, returns and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

ME Lifestyle Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

25% Straight Line

Furniture and fittings

20% Straight Line

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

ME Lifestyle Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

22,977

-

22,977

Additions

5,757

88,995

94,752

At 31 December 2023

28,734

88,995

117,729

Depreciation

At 1 January 2023

13,198

-

13,198

Charge for the year

6,579

22,249

28,828

At 31 December 2023

19,777

22,249

42,026

Carrying amount

At 31 December 2023

8,957

66,746

75,703

At 31 December 2022

9,779

-

9,779

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

FA investment - other additions

100,000

100,000

At 31 December 2023

100,000

100,000

Impairment

Carrying amount

At 31 December 2023

100,000

100,000

6

Debtors

 

ME Lifestyle Limited

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

Current

Note

2023
£

2022
£

Amounts owed by related parties

565,315

222,791

Prepayments

 

-

605

Other debtors

 

27,790

93,991

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

12,920

-

Trade creditors

 

207

-

Amounts owed to group undertakings

21,120

81,980

Taxation and social security

 

126,035

-

Accruals and deferred income

 

218

196

Other creditors

 

-

445,567

 

160,500

527,743

2023
£

2022
£

Current loans and borrowings

HP and finance lease liabilities

12,920

-

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

57,079

-

Other borrowings

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Hire purchase contracts

57,079

-

 

ME Lifestyle Limited

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

2023
£

2022
£

Current loans and borrowings

Hire purchase contracts

12,920

-