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Company Registration No. 06823583 (England and Wales)
Lifestyle Business Design Limited Unaudited accounts for the year ended 29 February 2024
Lifestyle Business Design Limited Unaudited accounts Contents
Page
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Lifestyle Business Design Limited Company Information for the year ended 29 February 2024
Director
Paul Rees
Company Number
06823583 (England and Wales)
Registered Office
49 KINGFISHER ROAD NORTH CORNELLY BRIDGEND CF33 4NZ WALES
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Lifestyle Business Design Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,241 
3,229 
Current assets
Debtors
15,949 
12,037 
Cash at bank and in hand
(8,878)
(520)
7,071 
11,517 
Creditors: amounts falling due within one year
(7,449)
(1,594)
Net current (liabilities)/assets
(378)
9,923 
Total assets less current liabilities
1,863 
13,152 
Creditors: amounts falling due after more than one year
(12,216)
(13,269)
Net liabilities
(10,353)
(117)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(10,453)
(217)
Shareholders' funds
(10,353)
(117)
For the year ending 29 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 director acknowledges his 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 and authorised for issue on 9 October 2024 and were signed on its behalf by
Paul Rees Director Company Registration No. 06823583
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Lifestyle Business Design Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Lifestyle Business Design Limited is a private company, limited by shares, registered in England and Wales, registration number 06823583. The registered office is 49 KINGFISHER ROAD, NORTH CORNELLY, BRIDGEND, CF33 4NZ, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
12,923 
828 
2,352 
16,103 
At 29 February 2024
12,923 
828 
2,352 
16,103 
Depreciation
At 1 March 2023
12,068 
165 
641 
12,874 
Charge for the year
732 
165 
91 
988 
At 29 February 2024
12,800 
330 
732 
13,862 
Net book value
At 29 February 2024
123 
498 
1,620 
2,241 
At 28 February 2023
855 
663 
1,711 
3,229 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
501 
Other debtors
15,949 
11,536 
15,949 
12,037 
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Lifestyle Business Design Limited Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
1,478 
Taxes and social security
7,449 
116 
7,449 
1,594 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,216 
13,269 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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