Acorah Software Products - Accounts Production 15.0.600 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 12938214 Mr Ezra Chapman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12938214 2022-10-31 12938214 2023-10-31 12938214 2022-11-01 2023-10-31 12938214 frs-core:CurrentFinancialInstruments 2023-10-31 12938214 frs-core:Non-currentFinancialInstruments 2023-10-31 12938214 frs-core:ComputerEquipment 2023-10-31 12938214 frs-core:ComputerEquipment 2022-11-01 2023-10-31 12938214 frs-core:ComputerEquipment 2022-10-31 12938214 frs-core:ShareCapital 2023-10-31 12938214 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12938214 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12938214 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 12938214 frs-bus:SmallEntities 2022-11-01 2023-10-31 12938214 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12938214 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12938214 frs-bus:Director1 2022-11-01 2023-10-31 12938214 frs-countries:EnglandWales 2022-11-01 2023-10-31 12938214 2021-10-31 12938214 2022-10-31 12938214 2021-11-01 2022-10-31 12938214 frs-core:CurrentFinancialInstruments 2022-10-31 12938214 frs-core:Non-currentFinancialInstruments 2022-10-31 12938214 frs-core:ShareCapital 2022-10-31 12938214 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 12938214
Lifewise Technologies Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12938214
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,917 -
2,917 -
CURRENT ASSETS
Debtors 5 39,502 24,182
Cash at bank and in hand 69,673 140,753
109,175 164,935
Creditors: Amounts Falling Due Within One Year 6 (78,541 ) (92,148 )
NET CURRENT ASSETS (LIABILITIES) 30,634 72,787
TOTAL ASSETS LESS CURRENT LIABILITIES 33,551 72,787
Creditors: Amounts Falling Due After More Than One Year 7 (324,842 ) (354,000 )
NET LIABILITIES (291,291 ) (281,213 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (291,292 ) (281,214 )
SHAREHOLDERS' FUNDS (291,291) (281,213)
Page 1
Page 2
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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 Ezra Chapman
Director
22nd October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lifewise Technologies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12938214 . The registered office is 2-4 Packhorse Road, Gerrards Cross, Buckinghamshire, SL9 7QE.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Computer Equipment 25% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2022 -
Additions 3,268
As at 31 October 2023 3,268
Depreciation
As at 1 November 2022 -
Provided during the period 351
As at 31 October 2023 351
Net Book Value
As at 31 October 2023 2,917
As at 1 November 2022 -
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 8,374 2,701
Other debtors 31,128 21,481
39,502 24,182
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 18,965 9,537
Other creditors 38,637 64,144
Taxation and social security 20,939 18,467
78,541 92,148
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 324,842 354,000
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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