Buy It For Life Ltd 13120513 true 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is Dormant Digita Accounts Production Advanced 6.30.9574.0 true AP Wilson 13120513 2023-02-01 2024-01-31 13120513 2024-01-31 13120513 core:ShareCapital 2024-01-31 13120513 core:CurrentFinancialInstruments 2024-01-31 13120513 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 13120513 bus:FRS102 2023-02-01 2024-01-31 13120513 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13120513 bus:FullAccounts 2023-02-01 2024-01-31 13120513 bus:RegisteredOffice 2023-02-01 2024-01-31 13120513 bus:Director1 2023-02-01 2024-01-31 13120513 bus:EntityHasNeverTraded 2023-02-01 2024-01-31 13120513 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13120513 countries:England 2023-02-01 2024-01-31 13120513 2022-02-01 2023-01-31 13120513 2023-01-31 13120513 core:ShareCapital 2023-01-31 13120513 core:CurrentFinancialInstruments 2023-01-31 13120513 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 13120513

Buy It For Life Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Buy It For Life Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Buy It For Life Ltd

Company Information

Director

AP Wilson

Registered office

16 Barley View
North Waltham
Basingstoke
RG25 2ST

Accountants

CRK Accounting Limited
12a Fleet Business Park
Sandy Lane
Church Crookham
Fleet
Hampshire
GU52 8BF

 

Buy It For Life Ltd

(Registration number: 13120513)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Current assets

 

Debtors

3

1

1

Capital and reserves

 

Called up share capital

1

1

Shareholders' funds

 

1

1

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 his 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.

Approved and authorised by the director on 7 October 2024
 

.........................................
AP Wilson
Director

 

Buy It For Life Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

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

The address of its registered office is:
16 Barley View
North Waltham
Basingstoke
RG25 2ST
England

These financial statements were authorised for issue by the director on 7 October 2024.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Debtors

Current

2024
£

2023
£

Other debtors

1

1

 

1

1

 

Buy It For Life Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).