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REGISTERED NUMBER: 13194916 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

LIFE SKILLS MANOR LTD

LIFE SKILLS MANOR LTD (REGISTERED NUMBER: 13194916)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIFE SKILLS MANOR LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: R Barnett
P Barrett





REGISTERED OFFICE: Life Skills Manor School
Baypoint Sports Centre
Ramsgate Road
Sandwich
Kent
CT13 9QL





REGISTERED NUMBER: 13194916 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

LIFE SKILLS MANOR LTD (REGISTERED NUMBER: 13194916)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 237,042 231,118

CURRENT ASSETS
Debtors 5 35,313 17,719
Cash at bank and in hand 436,673 396,408
471,986 414,127
CREDITORS
Amounts falling due within one year 6 (502,670 ) (310,736 )
NET CURRENT (LIABILITIES)/ASSETS (30,684 ) 103,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

206,358

334,509

CREDITORS
Amounts falling due after more than one
year

7

(48,492

)

(73,733

)

PROVISIONS FOR LIABILITIES 8 (59,260 ) (57,779 )
NET ASSETS 98,606 202,997

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 98,506 202,897
98,606 202,997

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

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

LIFE SKILLS MANOR LTD (REGISTERED NUMBER: 13194916)

BALANCE SHEET - continued
29 FEBRUARY 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 1 November 2024 and were signed on its behalf by:




P Barrett - Director



R Barnett - Director


LIFE SKILLS MANOR LTD (REGISTERED NUMBER: 13194916)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Life Skills Manor 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.

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


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

Revenue is recognised over the period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and Fittings- 15% reducing balance
Computer Equipment- 25% Straight line
Plant and machinery - 20 Year Straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Government grants
Government grants are recognised over the period to which they relate or as performance obligations are met, depending on the terms of the grant.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

LIFE SKILLS MANOR LTD (REGISTERED NUMBER: 13194916)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES

The average number of employees during the year was 22 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 224,002 10,385 8,173 242,560
Additions 6,488 14,260 1,363 22,111
At 29 February 2024 230,490 24,645 9,536 264,671
DEPRECIATION
At 1 March 2023 6,945 1,503 2,994 11,442
Charge for year 11,354 2,591 2,242 16,187
At 29 February 2024 18,299 4,094 5,236 27,629
NET BOOK VALUE
At 29 February 2024 212,191 20,551 4,300 237,042
At 28 February 2023 217,057 8,882 5,179 231,118

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,879 15,231
Other debtors 3,148 650
Prepayments and accrued income 16,286 1,838
35,313 17,719

LIFE SKILLS MANOR LTD (REGISTERED NUMBER: 13194916)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans - 100,000
Hire purchase contracts 25,241 25,241
Trade creditors 17,391 4,343
Tax 167,705 -
Social security and other taxes 19,095 12,200
Other creditors 6,766 4,694
Directors' current accounts 294 294
Accruals and deferred income 266,178 163,964
502,670 310,736

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 48,492 73,733

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 59,260 57,779

Deferred
tax
£   
Balance at 1 March 2023 57,779
Accelerated capital allowance 1,481
Balance at 29 February 2024 59,260