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REGISTERED NUMBER: 14634545 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

2 FEBRUARY 2023 TO 29 FEBRUARY 2024

FOR

LIFEIN COMPANY LTD

LIFEIN COMPANY LTD (REGISTERED NUMBER: 14634545)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 2 February 2023 to 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LIFEIN COMPANY LTD

COMPANY INFORMATION
For The Period 2 February 2023 to 29 February 2024







DIRECTOR: Ms R Walker





REGISTERED OFFICE: 111 Charterhouse Street
London
EC1M 6AW





REGISTERED NUMBER: 14634545 (England and Wales)





ACCOUNTANTS: BAND Advisory Group Limited
111 Charterhouse Street
London
EC1M 6AW

LIFEIN COMPANY LTD (REGISTERED NUMBER: 14634545)

BALANCE SHEET
29 February 2024

Notes £   
CURRENT ASSETS
Debtors 4 1
Cash at bank 3,459
3,460
CREDITORS
Amounts falling due within one year 5 3,205
NET CURRENT ASSETS 255
TOTAL ASSETS LESS CURRENT
LIABILITIES

255

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings 254
255

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2024 and were signed by:




Ms R Walker - Director


LIFEIN COMPANY LTD (REGISTERED NUMBER: 14634545)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 2 February 2023 to 29 February 2024


1. STATUTORY INFORMATION

Lifein Company Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

LIFEIN COMPANY LTD (REGISTERED NUMBER: 14634545)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 2 February 2023 to 29 February 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Recognition and measurement:

The Company enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors and loans from banks.

Debt instruments (other than those wholly repayable or receivable within one year), including
loans and account receivables and payables, are initially measured at the transaction price
(adjusted for transaction cost) and subsequently at amortised cost using the effective interest
method. Debt instruments that are payable or receivable within one year, typically trade debtors
and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash
or other consideration expected to be paid or received. However, if the arrangement constitutes
a financing transaction, such as a trade debtor or creditor on extended credit terms, initial
measurement is at the present value of future cash flows discounted at a market rate of interest.
Subsequent measurement is at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each
reporting period for objective evidence of impairment. If such evidence is identified, an impairment
loss is recognised in the statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the
difference between carrying amount and the present value of estimated cash flows discounted
at the original effective interest rate. If the financial instrument has a variable interest rate the
currently effective rate under the contract is used.

For financial assets measured at cost less impairment, the impairment loss is measured
as the difference between an asset’s carrying amount and best estimate of the recoverable
amount, which is an approximation of the amount that the Company would receive for the
asset if it were to be sold at the reporting date. Financial assets and liabilities are offset, and
the net amount reported in the statement of financial position when there is an enforceable
right to set off the recognised amounts and there is an intention to settle on a net basis
or to realise the asset and settle the liability simultaneously. At present, the Company has not
offset any items.

Derecognition

A financial asset is derecognised only when:

- the contractual rights to the cash flows from the financial asset expire or are settled; or

- substantially all of the risks and rewards of ownership of the financial asset have been
transferred to another party; or

- when despite having retained some, but not substantially all, risks and rewards of ownership, control of the asset has been transferred to another party and the other party has the practical ability to sell the asset in its entirety to an unrelated third party and is able to exercise that ability unilaterally and without needing to impose additional restrictions on the transfer. In this case, the Company derecognises the asset and recognises separately any rights and obligations retained or created in the transfer.


LIFEIN COMPANY LTD (REGISTERED NUMBER: 14634545)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 2 February 2023 to 29 February 2024


2. ACCOUNTING POLICIES - continued
A financial liability is derecognised when the contract that gives rise to it is settled, sold, cancelled, or expires.Where an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such as an exchange or modification, this is treated as a derecognition of the original liability, such that the difference in the respective carrying amounts together with any costs or fees incurred are recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 1

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Tax 1,139
Directors' current accounts 86
Accruals and deferred income 1,980
3,205