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REGISTERED NUMBER: 08166524 (England and Wales)















LIFE MAT SERVICES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






LIFE MAT SERVICES LIMITED (REGISTERED NUMBER: 08166524)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LIFE MAT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: C Parkinson
A R Smith
R A Jarvis
M Ballantyne





SECRETARY: S J F Mayes





REGISTERED OFFICE: 33 Leicester Lane
Desford
Leicester
LE9 9JL





REGISTERED NUMBER: 08166524 (England and Wales)





AUDITORS: Burrows Scarborough Limited
(Statutory Auditor)
Sovereign House
12 Warwick Street
Coventry
CV5 6ET

LIFE MAT SERVICES LIMITED (REGISTERED NUMBER: 08166524)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 57,895 104,687
Cash at bank 924,473 868,245
982,368 972,932
CREDITORS
Amounts falling due within one year 5 333,874 325,537
NET CURRENT ASSETS 648,494 647,395
TOTAL ASSETS LESS CURRENT
LIABILITIES

648,494

647,395

ACCRUALS AND DEFERRED INCOME 172,905 235,055
NET ASSETS 475,589 412,340

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 475,588 412,339
SHAREHOLDERS' FUNDS 475,589 412,340

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





C Parkinson - Director


LIFE MAT SERVICES LIMITED (REGISTERED NUMBER: 08166524)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Life MAT Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements are rounded to the nearest £1.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Gift aid payment to parent charity
The company pays all its taxable profits for the reporting period to its parent charity under the gift aid scheme. These gift aid payments are recognised as distributions to owners in equity within retained earnings.

At the reporting date there was no legal obligation in place for the company to make this gift aid payment, although prior to the reporting date the board had indicated its intention to pay the taxable profits to the parent charity in respect of the reporting period. The payment is planned to be made within 9 months of the end of the reporting date.

Taxation
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Tax relief in respect of the gift aid payment is recognised in the reporting period in which the profits arise.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 54,631 104,687
Amounts owed by group undertakings 2,394 -
Other debtors 870 -
57,895 104,687

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 332,154 7,090
Amounts owed to group undertakings - 307,821
Taxation and social security 1,162 5,520
Other creditors 558 5,106
333,874 325,537

LIFE MAT SERVICES LIMITED (REGISTERED NUMBER: 08166524)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary shares £1 1 1

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Adam Bexon MChem FCA (Senior Statutory Auditor)
for and on behalf of Burrows Scarborough Limited

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. ULTIMATE CONTROLLING PARTY

The company is a subsidiary of LiFE Multi Academy Trust, a company incorporated in England and Wales. The registered office address is Bosworth Academy. Leicester Lane, Desford, Leicester, LE9 9JL.The consolidated financial statements of LiFE Multi Academy Trust are available from Companies House.