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Registered Number: 10615934
England and Wales

 

 

 

LIFESTYLE INTERNATIONAL LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of LIFESTYLE INTERNATIONAL LIMITED for the year ended 29 February 2024 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the member of LIFESTYLE INTERNATIONAL LIMITED, as a body, in accordance with the terms of our engagement letter dated 27 November 2024. Our work has been undertaken solely to prepare for your approval the accounts of LIFESTYLE INTERNATIONAL LIMITED and state those matters that we have agreed to state to the Board ofs of LIFESTYLE INTERNATIONAL LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LIFESTYLE INTERNATIONAL LIMITED and its members as a body for our work or for this report.

It is your duty to ensure that LIFESTYLE INTERNATIONAL LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and Loss of LIFESTYLE INTERNATIONAL LIMITED. You consider that LIFESTYLE INTERNATIONAL 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 accounts of LIFESTYLE INTERNATIONAL 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 accounts.



....................................................

SNP Plus Ltd

Accountants and Tax Advisors
284 Station Road
Harrow, London
HA1 2EA
27 November 2024
1
 
 
Notes
 
2024
£
  2023
£
Current assets      
Stocks 1,982    2,456 
Debtors: amounts falling due within one year 159    122 
Cash at bank and in hand 4,959    5,549 
7,100    8,127 
Creditors: amount falling due within one year (61,980)   (58,972)
Net current assets (54,880)   (50,845)
 
Total assets less current liabilities (54,880)   (50,845)
Creditors: amount falling due after more than one year (5,108)   (6,008)
Provisions for liabilities (296)   (296)
Net assets (60,284)   (57,149)
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account (60,384)   (57,249)
Shareholders' funds (60,284)   (57,149)
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 27 November 2024 and were signed on its behalf by:


-------------------------------
Ashish Kumar Jain
Director
-------------------------------
Samita Jain
Director
2
General Information
LIFESTYLE INTERNATIONAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10615934, registration address 284 Station Road, Harrow, HA1 2EA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Straight Line
Computer Equipment 25% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 March 2023 3,964    957    4,921 
Additions    
Disposals    
At 29 February 2024 3,964    957    4,921 
Depreciation
At 01 March 2023 3,964    957    4,921 
Charge for year    
On disposals    
At 29 February 2024 3,964    957    4,921 
Net book values
Closing balance as at 29 February 2024    
Opening balance as at 01 March 2023    


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

5.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2024
£
 2023
£
 2024
£
 2023
£
Ashish Kumar Jain57,695 54,831 
3