LIFE SKILLZ C.I.C.

Company Registration Number:
11350635 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

LIFE SKILLZ C.I.C.

Contents of the Financial Statements

for the Period Ended 31 May 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

LIFE SKILLZ C.I.C.

Directors' report period ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Directors

The director shown below has held office during the whole of the period from
1 June 2023 to 31 May 2024

Karl Liam REED


The director shown below has held office during the period of
16 April 2024 to 31 May 2024

Ana Pinto Andrade NEVES NEGINGO


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
3 April 2025

And signed on behalf of the board by:
Name: Karl Liam REED
Status: Director

LIFE SKILLZ C.I.C.

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 380,834 386,344
Cost of sales: ( 1,960 ) ( 2,410 )
Gross profit(or loss): 378,874 383,934
Distribution costs: 0 0
Administrative expenses: ( 324,000 ) ( 315,963 )
Other operating income: 0 0
Operating profit(or loss): 54,874 67,971
Profit(or loss) before tax: 54,874 67,971
Profit(or loss) for the financial year: 54,874 67,971

LIFE SKILLZ C.I.C.

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 2,387 2,947
Investments:   0 0
Total fixed assets: 2,387 2,947
Current assets
Stocks:   0 0
Debtors: 4 116,992 54,426
Cash at bank and in hand: 9,723 8,541
Investments:   0 0
Total current assets: 126,715 62,967
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 56,421 ) ( 21,103 )
Net current assets (liabilities): 70,294 41,864
Total assets less current liabilities: 72,681 44,811
Creditors: amounts falling due after more than one year: 6 ( 43,788 ) ( 43,788 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 28,893 1,023
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 28,793 923
Total Shareholders' funds: 28,893 1,023

The notes form part of these financial statements

LIFE SKILLZ C.I.C.

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 3 April 2025
and signed on behalf of the board by:

Name: Karl Liam REED
Status: Director

The notes form part of these financial statements

LIFE SKILLZ C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Fixtures & fittings 30%

    Other accounting policies

    The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

LIFE SKILLZ C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

LIFE SKILLZ C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 0 0 15,037 0 0 15,037
Additions 0 0 0 0 0 0
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 May 2024 0 0 15,037 0 0 15,037
Depreciation
At 1 June 2023 0 0 12,090 0 0 12,090
Charge for year 0 0 560 0 0 560
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 May 2024 0 0 12,650 0 0 12,650
Net book value
At 31 May 2024 0 0 2,387 0 0 2,387
At 31 May 2023 0 0 2,947 0 0 2,947

LIFE SKILLZ C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 116,992 54,426
Total 116,992 54,426
Debtors due after more than one year: 0 0

LIFE SKILLZ C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 54,804 19,403
Accruals and deferred income 1,617 1,700
Other creditors 0 0
Total 56,421 21,103

LIFE SKILLZ C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 43,788 43,788
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 0
Total 43,788 43,788

COMMUNITY INTEREST ANNUAL REPORT

LIFE SKILLZ C.I.C.

Company Number: 11350635 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

Life Skillz CIC is a community interest company dedicated to supporting vulnerable individuals aged 18–25 and 25–35 including care leavers, asylum seekers, those at risk of homelessness, NEET young people, and individuals with complex needs through supported accommodation and holistic support services. We provide safe housing and tailored life skills support across Southeast London, helping residents build independence, access education or employment, and transition into stable long-term housing. Our work not only reduces homelessness but also empowers individuals to rebuild their lives and positively contribute to their communities. Any profits generated during the financial year are reinvested into the services. The capital acquired is utilised for property acquisition, utility payments, rent, staff salaries, and the overall maintenance of Life Skillz supported accommodation properties and furniture.

Consultation with stakeholders

The stakeholder for the related financial year is the director of the same. As he is aware of all the proceedings, consultations aren’t necessary.

Directors' remuneration

Director Have received £66,850 as remuneration

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
16 April 2025

And signed on behalf of the board by:
Name: Ana Neves
Status: Director