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Registered Number: 11565093
England and Wales

 

 

 

LIFE ISN'T JUICY BUT YOUR LIPS CAN BE LTD


Abridged Accounts
 


Period of accounts

Start date: 01 October 2023

End date: 30 September 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 620   
620   
Current assets      
Stocks 5,500    5,500 
Debtors 72,760    78,941 
Cash at bank and in hand 52,922    50,167 
131,182    134,608 
Creditors: amount falling due within one year (7,633)   (15,216)
Net current assets 123,549    119,392 
 
Total assets less current liabilities 124,169    119,392 
Net assets 124,169    119,392 
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account 124,069    119,292 
Shareholders' funds 124,169    119,392 
 


For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 director on 06 January 2025 and were signed by:


-------------------------------
Nasrin Corfield Smith
Director
1
General Information
Life Isn't Juicy But Your Lips Can Be Ltd is a private company, limited by shares, registered in England and Wales, registration number 11565093, registration address C/O Burton Varley Ltd, Suite 3, 2nd floor, Didsbury House, 748 - 754 Wilmslow Road,, Manchester, M20 2DW.

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)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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 15% 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.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 October 2023  
Additions 680    680 
Disposals  
At 30 September 2024 680    680 
Depreciation
At 01 October 2023  
Charge for year 60    60 
On disposals  
At 30 September 2024 60    60 
Net book values
Closing balance as at 30 September 2024 620    620 
Opening balance as at 01 October 2023  


4.

Share Capital

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

2