Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 03917040 Mrs Tracy John Mr Philip John iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03917040 2023-02-28 03917040 2024-02-28 03917040 2023-03-01 2024-02-28 03917040 frs-core:CurrentFinancialInstruments 2024-02-28 03917040 frs-core:Non-currentFinancialInstruments 2024-02-28 03917040 frs-core:PlantMachinery 2024-02-28 03917040 frs-core:PlantMachinery 2023-03-01 2024-02-28 03917040 frs-core:PlantMachinery 2023-02-28 03917040 frs-core:ShareCapital 2024-02-28 03917040 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 03917040 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 03917040 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 03917040 frs-bus:SmallEntities 2023-03-01 2024-02-28 03917040 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 03917040 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 03917040 frs-core:UnlistedNon-exchangeTraded 2024-02-28 03917040 frs-core:UnlistedNon-exchangeTraded 2023-02-28 03917040 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-02-28 03917040 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-02-28 03917040 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-02-28 03917040 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-28 03917040 frs-bus:Director1 2023-03-01 2024-02-28 03917040 frs-bus:Director1 2023-02-28 03917040 frs-bus:Director1 2024-02-28 03917040 frs-bus:Director2 2023-03-01 2024-02-28 03917040 frs-bus:Director2 2023-02-28 03917040 frs-bus:Director2 2024-02-28 03917040 frs-countries:EnglandWales 2023-03-01 2024-02-28 03917040 2022-02-28 03917040 2023-02-28 03917040 2022-03-01 2023-02-28 03917040 frs-core:CurrentFinancialInstruments 2023-02-28 03917040 frs-core:Non-currentFinancialInstruments 2023-02-28 03917040 frs-core:ShareCapital 2023-02-28 03917040 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 03917040
Lifestories Digital Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03917040
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1 376
Investments 5 17,761 17,761
17,762 18,137
CURRENT ASSETS
Debtors 6 418 23,637
418 23,637
Creditors: Amounts Falling Due Within One Year 7 (16,153 ) (32,058 )
NET CURRENT ASSETS (LIABILITIES) (15,735 ) (8,421 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,027 9,716
Creditors: Amounts Falling Due After More Than One Year 8 (8,959 ) (8,959 )
NET (LIABILITIES)/ASSETS (6,932 ) 757
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (6,934 ) 755
SHAREHOLDERS' FUNDS (6,932) 757
Page 1
Page 2
For the year ending 28 February 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Philip John
Director
5 September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lifestories Digital Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03917040 . The registered office is Nant-Lle, Trerhyngyll, Cowbridge, South Glamorgan, CF71 7TN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery between 2 and 5 years
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 March 2023 2,527
As at 28 February 2024 2,527
Depreciation
As at 1 March 2023 2,151
Provided during the period 375
As at 28 February 2024 2,526
Net Book Value
As at 28 February 2024 1
As at 1 March 2023 376
Page 3
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5. Investments
Unlisted
£
Cost
As at 1 March 2023 17,761
As at 28 February 2024 17,761
Provision
As at 1 March 2023 -
As at 28 February 2024 -
Net Book Value
As at 28 February 2024 17,761
As at 1 March 2023 17,761
6. Debtors
2024 2023
£ £
Due within one year
Directors' loan accounts 418 23,637
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 12,119 11,806
Corporation tax 3,506 18,378
VAT 204 1,550
Accruals and deferred income 324 324
16,153 32,058
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,959 8,959
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4
Page 5
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 28 February 2024
£ £ £ £ £
Mrs Tracy John 10,000 - 10,000 - -
Mr Philip John 13,637 418 13,637 - 418
The above loan is unsecured, interest free and repayable on demand.
Page 5