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REGISTERED NUMBER: 12300372 (England and Wales)














Loan A Lifeguard Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Loan A Lifeguard Limited (Registered number: 12300372)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


Loan A Lifeguard Limited

Company Information
for the Year Ended 31 March 2024







Directors: I Collinson
R Collinson





Registered office: 20-22 Wenlock Road
London
N1 7GU





Business address: 46 Anson Road
Cambourne
Cambridgeshire
CB3 6DQ





Registered number: 12300372 (England and Wales)





Accountants: Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Loan A Lifeguard Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Loan A Lifeguard Limited for the year ended 31 March 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Loan A Lifeguard Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Loan A Lifeguard Limited and state those matters that we have agreed to state to the Board of Directors of Loan A Lifeguard Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Loan A Lifeguard Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Loan A Lifeguard Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Loan A Lifeguard Limited. You consider that Loan A Lifeguard Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Loan A Lifeguard Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD


21 October 2024

Loan A Lifeguard Limited (Registered number: 12300372)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 5 83,425 97,525
Tangible assets 6 3,045 2,079
86,470 99,604

Current assets
Debtors 7 49,536 51,272
Cash at bank 52,746 112,138
102,282 163,410
Creditors
Amounts falling due within one year 8 34,819 135,644
Net current assets 67,463 27,766
Total assets less current liabilities 153,933 127,370

Creditors
Amounts falling due after more than one
year

9

(56,757

)

(67,327

)

Provisions for liabilities (761 ) (551 )
Net assets 96,415 59,492

Capital and reserves
Called up share capital 146 146
Retained earnings 96,269 59,346
96,415 59,492

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Loan A Lifeguard Limited (Registered number: 12300372)

Statement of Financial Position - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:




I Collinson - Director



R Collinson - Director


Loan A Lifeguard Limited (Registered number: 12300372)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. Statutory information

Loan A Lifeguard 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 5 years straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


Loan A Lifeguard Limited (Registered number: 12300372)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. Employees and directors

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

5. Intangible fixed assets
Other
intangible
Goodwill assets Totals
£    £    £   
Cost
At 1 April 2023
and 31 March 2024 120,000 21,000 141,000
Amortisation
At 1 April 2023 37,000 6,475 43,475
Charge for year 12,000 2,100 14,100
At 31 March 2024 49,000 8,575 57,575
Net book value
At 31 March 2024 71,000 12,425 83,425
At 31 March 2023 83,000 14,525 97,525

Loan A Lifeguard Limited (Registered number: 12300372)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2023 4,790
Additions 2,405
At 31 March 2024 7,195
Depreciation
At 1 April 2023 2,711
Charge for year 1,439
At 31 March 2024 4,150
Net book value
At 31 March 2024 3,045
At 31 March 2023 2,079

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 45,366 51,272
Other debtors 4,170 -
49,536 51,272

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 11,562 11,562
Tax 13,724 11,464
Social security and other taxes - 17,224
VAT 9,508 7,341
Other creditors 25 24,540
Directors' loan accounts - 63,513
34,819 135,644

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 2-5 years 46,248 46,248
Bank loans more 5 yr by instal 10,509 21,079
56,757 67,327

Loan A Lifeguard Limited (Registered number: 12300372)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


9. Creditors: amounts falling due after more than one year - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,509 21,079

10. Related party disclosures

During the year the directors made a loan to the company. The loan is interest free, unsecured and repayable on demand. The amount outstanding at the year end is £0 (2023: £63,513).

During the year the company made a loan to the directors. The loan is interest free, unsecured and repayable on demand. The amounts outstanding at the year end is £3,175 (2023: £0).