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REGISTERED NUMBER: 04972368















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

LIFESTYLE FINANCIAL PLANNING LIMITED

LIFESTYLE FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 04972368)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LIFESTYLE FINANCIAL PLANNING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: D Read
Mrs S Greenhalgh





REGISTERED OFFICE: Unit 1, Chandlers House,
Ganders Business Park,
Main Road, Kingsley
Bordon
Hampshire
GU3 9LU





REGISTERED NUMBER: 04972368





ACCOUNTANTS: Landi Accounting Limited
62 Stakes Road
Purbrook
Waterlooville
Hampshire
PO7 5NT

LIFESTYLE FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 04972368)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 38,776 55,289
Investments 6 120,769 120,769
159,545 176,058

CURRENT ASSETS
Debtors 7 80,678 97,179
Cash at bank and in hand 291,484 271,784
372,162 368,963
CREDITORS
Amounts falling due within one year 8 161,998 202,978
NET CURRENT ASSETS 210,164 165,985
TOTAL ASSETS LESS CURRENT
LIABILITIES

369,709

342,043

CAPITAL AND RESERVES
Called up share capital 1,380 1,380
Retained earnings 368,329 340,663
SHAREHOLDERS' FUNDS 369,709 342,043

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.

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 Board of Directors and authorised for issue on 29 April 2024 and were signed on its behalf by:



Mrs S Greenhalgh - Director


LIFESTYLE FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 04972368)

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

1. STATUTORY INFORMATION

LIFESTYLE FINANCIAL PLANNING LIMITED is a private company, limited by shares , registered in Not specified/Other. 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 as modified by the revaluation of certain assets.

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 2013, is being amortised evenly over its estimated useful life of five 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.

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 - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

LIFESTYLE FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 04972368)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 40,374
AMORTISATION
At 1 March 2023
and 29 February 2024 40,374
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023
and 29 February 2024 21,851 82,919 34,721 139,491
DEPRECIATION
At 1 March 2023 21,851 37,663 24,688 84,202
Charge for year - 13,827 2,686 16,513
At 29 February 2024 21,851 51,490 27,374 100,715
NET BOOK VALUE
At 29 February 2024 - 31,429 7,347 38,776
At 28 February 2023 - 45,256 10,033 55,289

6. FIXED ASSET INVESTMENTS

29.2.24 28.2.23
£    £   
Other investments not loans 12,269 12,269
Other loans 108,500 108,500
120,769 120,769

LIFESTYLE FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 04972368)

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

6. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Other
investments
£   
COST OR VALUATION
At 1 March 2023
and 29 February 2024 12,269
NET BOOK VALUE
At 29 February 2024 12,269
At 28 February 2023 12,269

Cost or valuation at 29 February 2024 is represented by:

Other
investments
£   
Valuation in 2023 12,269
Other
loans
£   
At 1 March 2023
and 29 February 2024 108,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 54,312 55,615
Other debtors 26,366 41,564
80,678 97,179

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts - 39,802
Trade creditors 19,444 5,136
Taxation and social security 76,080 57,055
Other creditors 66,474 100,985
161,998 202,978