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Company No: 07272464 (England and Wales)

INTEGRATED LIFESTYLE AND WELLBEING LTD

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

INTEGRATED LIFESTYLE AND WELLBEING LTD

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

INTEGRATED LIFESTYLE AND WELLBEING LTD

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
INTEGRATED LIFESTYLE AND WELLBEING LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,561 3,884
1,561 3,884
Current assets
Debtors 4 1,500 0
Cash at bank and in hand 24,478 20,903
25,978 20,903
Creditors: amounts falling due within one year 5 ( 11,717) ( 11,063)
Net current assets 14,261 9,840
Total assets less current liabilities 15,822 13,724
Provision for liabilities ( 296) ( 738)
Net assets 15,526 12,986
Capital and reserves
Called-up share capital 6 10 10
Profit and loss account 15,516 12,976
Total shareholder's funds 15,526 12,986

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Integrated Lifestyle and Wellbeing Ltd (registered number: 07272464) were approved and authorised for issue by the Director on 04 March 2025. They were signed on its behalf by:

S C Benhayon
Director
INTEGRATED LIFESTYLE AND WELLBEING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
INTEGRATED LIFESTYLE AND WELLBEING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Integrated Lifestyle and Wellbeing Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor Stratus House Emperor Way, Exeter Business Park, Exeter, EX1 3QS, United Kingdom. The principal place of business is Twin Oaks, 6 Tytherington, Frome, Somerset, BA11 5BW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

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. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line and a reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 10 - 15 % reducing balance
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Fixtures and fittings Computer equipment Total
£ £ £
Cost
At 01 July 2023 22,098 7,187 29,285
Disposals ( 5,107) ( 5,781) ( 10,888)
At 30 June 2024 16,991 1,406 18,397
Accumulated depreciation
At 01 July 2023 18,214 7,187 25,401
Charge for the financial year 1,134 0 1,134
Disposals ( 3,918) ( 5,781) ( 9,699)
At 30 June 2024 15,430 1,406 16,836
Net book value
At 30 June 2024 1,561 0 1,561
At 30 June 2023 3,884 0 3,884

4. Debtors

2024 2023
£ £
Amounts owed by director 1,500 0

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to director 0 23
Accruals 2,499 2,017
Corporation tax 1,037 2,342
Other creditors 8,181 6,681
11,717 11,063

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
10 Ordinary shares of £ 1.00 each 10 10

7. Related party transactions

Transactions with the entity's director

During the year £1,523 was advanced to the director and £23 was repaid. Interest has been accrued at 2.25%, and the loan is repayable on demand.