Company Registration No. 04410083 (England and Wales)
Back To Life Limited
Unaudited accounts
for the year ended 30 April 2024
Back To Life Limited
Statement of financial position
as at 30 April 2024
Tangible assets
31,049
13,502
Cash at bank and in hand
70,881
134,321
Creditors: amounts falling due within one year
(132,156)
(79,838)
Net current assets
49,938
94,976
Total assets less current liabilities
80,987
108,478
Provisions for liabilities
Deferred tax
(5,899)
(2,565)
Called up share capital
100
100
Profit and loss account
74,988
105,813
Shareholders' funds
75,088
105,913
For the year ending 30 April 2024 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 10 October 2024 and were signed on its behalf by
Joanna Lynn Lawrence
Director
Company Registration No. 04410083
Back To Life Limited
Notes to the Accounts
for the year ended 30 April 2024
Back To Life Limited is a private company, limited by shares, registered in England and Wales, registration number 04410083. The registered office is 257 Guildford Road, Effingham, Leatherhead, Surrey, KT24 5NP, England.
2
Compliance with accounting standards
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "TheFinancialReporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.
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.
The functional and presentational currency of the company is £ sterling and amounts are rounded to the nearest £.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Computer equipment
25% reducing balance
Taxation for the year comprises current and deferred tax.
Current 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, and 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 arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Current of deferred tax assets and liabilities are not discounted.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from the provision of services i.e. training and courses is recognised in the profit and loss account in the month it takes place.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Back To Life Limited
Notes to the Accounts
for the year ended 30 April 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the
present value of the future payments discounted at a market rate of interest.
Financial assets are derecognised when the contractual rights to the cash flow expire or when substantially all the risks and rewards have been transferred.
Financial liabilities are derecognised when then contractual obligations to make payments have expired.
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
-
9,858
11,943
21,801
Additions
9,068
12,267
1,510
22,845
At 30 April 2024
9,068
22,125
13,453
44,646
At 1 May 2023
-
3,009
5,290
8,299
Charge for the year
914
2,574
1,810
5,298
At 30 April 2024
914
5,583
7,100
13,597
At 30 April 2024
8,154
16,542
6,353
31,049
At 30 April 2023
-
6,849
6,653
13,502
Back To Life Limited
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
88,344
30,469
Accrued income and prepayments
21,592
4,922
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
43,744
22,515
Taxes and social security
10,434
12,990
Deferred income
32,472
6,920
In the year, the company had pension costs of £23,441 (2023: £11,396) and at the year end £nil (2023; £1,217) were payable.
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Operating lease commitments
2024
2023
At 30 April 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
7,654
5,633
Later than one year and not later than five years
24,873
-
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Average number of employees
During the year the average number of employees was 6 (2023: 4).