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REGISTERED NUMBER: 08984018 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

1st Lifestyle Limited

1st Lifestyle Limited (Registered number: 08984018)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


1st Lifestyle Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr O Highland
Mr M Edmonds





REGISTERED OFFICE: 6 Montpellier Gardens
Harrogate
HG1 2TF





REGISTERED NUMBER: 08984018 (England and Wales)





ACCOUNTANTS: Wild & Co Chartered Accountants
Windsor House
Cornwall Road
Harrogate
HG1 2PW

1st Lifestyle Limited (Registered number: 08984018)

Abridged Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,669 5,460

CURRENT ASSETS
Stocks 19,192 15,136
Debtors 186,021 144,917
Cash at bank and in hand 13,498 8,590
218,711 168,643
CREDITORS
Amounts falling due within one year 43,467 35,934
NET CURRENT ASSETS 175,244 132,709
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,913

138,169

CREDITORS
Amounts falling due after more than one year (23,486 ) (28,114 )

PROVISIONS FOR LIABILITIES 5 (449 ) (744 )
NET ASSETS 153,978 109,311

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 153,976 109,309
SHAREHOLDERS' FUNDS 153,978 109,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

1st Lifestyle Limited (Registered number: 08984018)

Abridged Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 September 2024 and were signed on its behalf by:





Mr O Highland - Director


1st Lifestyle Limited (Registered number: 08984018)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

1st Lifestyle 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 25% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

1st Lifestyle Limited (Registered number: 08984018)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 40,369
Additions 293
At 30 April 2024 40,662
DEPRECIATION
At 1 May 2023 34,909
Charge for year 3,084
At 30 April 2024 37,993
NET BOOK VALUE
At 30 April 2024 2,669
At 30 April 2023 5,460

5. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax
Accelerated capital allowances 449 744

Deferred
tax
£   
Balance at 1 May 2023 744
Credit to Income Statement during year (295 )
Balance at 30 April 2024 449

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
2 Ordinary shares £1 2 2

1st Lifestyle Limited (Registered number: 08984018)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mr O Highland and Mr M Edmonds
Balance outstanding at start of year (11,005 ) (9,853 )
Amounts advanced (17,415 ) (11,877 )
Amounts repaid 27,351 10,725
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,069 ) (11,005 )

8. RELATED PARTY DISCLOSURES

The director loan of £1,069 is money advanced to the Company by the Directors as at 30 April 2024. The loan is unsecured and interest free. The loan is repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling party by virtue of their shareholding.