BrightAccountsProduction v1.0.0 v1.0.0 2023-10-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of life coaching through the internet, IT software, IT development and Gaming development. 14 April 2025 1 1 NI626433 2024-09-30 NI626433 2023-09-30 NI626433 2022-09-30 NI626433 2023-10-01 2024-09-30 NI626433 2022-10-01 2023-09-30 NI626433 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI626433 uk-curr:PoundSterling 2023-10-01 2024-09-30 NI626433 uk-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI626433 uk-bus:FullAccounts 2023-10-01 2024-09-30 NI626433 uk-core:ShareCapital 2024-09-30 NI626433 uk-core:ShareCapital 2023-09-30 NI626433 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 NI626433 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 NI626433 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-09-30 NI626433 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-09-30 NI626433 uk-bus:FRS102 2023-10-01 2024-09-30 NI626433 uk-core:PlantMachinery 2023-10-01 2024-09-30 NI626433 uk-core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 NI626433 uk-core:CurrentFinancialInstruments 2024-09-30 NI626433 uk-core:CurrentFinancialInstruments 2023-09-30 NI626433 uk-core:WithinOneYear 2024-09-30 NI626433 uk-core:WithinOneYear 2023-09-30 NI626433 uk-core:AfterOneYear 2024-09-30 NI626433 uk-core:AfterOneYear 2023-09-30 NI626433 uk-core:AfterOneYear 2024-09-30 NI626433 uk-core:AfterOneYear 2023-09-30 NI626433 uk-core:OtherMiscellaneousReserve 2023-09-30 NI626433 uk-core:OtherMiscellaneousReserve 2023-10-01 2024-09-30 NI626433 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-09-30 NI626433 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-09-30 NI626433 uk-core:OtherDeferredTax 2024-09-30 NI626433 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-09-30 NI626433 uk-core:OtherMiscellaneousReserve 2024-09-30 NI626433 2023-10-01 2024-09-30 NI626433 uk-bus:Director2 2023-10-01 2024-09-30 NI626433 uk-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
Company Registration Number: NI626433
 
 
Life Process Program Ltd
 
Unaudited Financial Statements
 
for the financial year ended 30 September 2024
Life Process Program Ltd
Company Registration Number: NI626433
BALANCE SHEET
as at 30 September 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 28,899 8,566
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Current Assets
Debtors 5 3,982 305
Cash and cash equivalents 14,149 15,085
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18,131 15,390
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Creditors: amounts falling due within one year 6 (2,723) (664)
───────── ─────────
Net Current Assets 15,408 14,726
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Total Assets less Current Liabilities 44,307 23,292
 
Creditors:
amounts falling due after more than one year 7 (32,573) (13,628)
 
Provisions for liabilities 9 (2,909) (359)
 
Government grants 10 (241) -
───────── ─────────
Net Assets 8,584 9,305
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Capital and Reserves
Called up share capital 2 2
Retained earnings 8,582 9,303
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Equity attributable to owners of the company 8,584 9,305
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
           
Approved by the Board and authorised for issue on 14 April 2025 and signed on its behalf by
           
           
________________________________          
Daithi Conlon          
Director          
           



Life Process Program Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2024

   
1. General Information
 
Life Process Program Ltd  is a company limited by shares incorporated in Northern Ireland.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 September 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Software - 7 years Straight line
  Fixtures, fittings and equipment - 25% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
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.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was:
 
  2024 2023
  Number Number
 
Average No of Employees 1 1
  ═════════ ═════════
         
4. Tangible assets
  Software Fixtures, Total
    fittings and  
    equipment  
  £ £ £
Cost
At 1 October 2023 7,218 2,682 9,900
Additions 24,916 460 25,376
  ───────── ───────── ─────────
At 30 September 2024 32,134 3,142 35,276
  ───────── ───────── ─────────
Depreciation
At 1 October 2023 - 1,334 1,334
Charge for the financial year 4,591 452 5,043
  ───────── ───────── ─────────
At 30 September 2024 4,591 1,786 6,377
  ───────── ───────── ─────────
Net book value
At 30 September 2024 27,543 1,356 28,899
  ═════════ ═════════ ═════════
At 30 September 2023 7,218 1,348 8,566
  ═════════ ═════════ ═════════
       
5. Debtors 2024 2023
  £ £
 
Trade debtors - 305
Other debtors 3,355 -
Taxation  (Note 8) 627 -
  ───────── ─────────
  3,982 305
  ═════════ ═════════
       
6. Creditors 2024 2023
Amounts falling due within one year £ £
 
Trade creditors - 18
Taxation  (Note 8) 500 146
Other creditors 2,223 -
Accruals - 500
  ───────── ─────────
  2,723 664
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Amounts owed to group undertakings 26,000 10,000
Directors' loan accounts 6,573 3,628
  ───────── ─────────
  32,573 13,628
  ═════════ ═════════
 
       
8. Taxation 2024 2023
  £ £
 
Debtors:
PAYE / NI 627 -
  ═════════ ═════════
Creditors:
Corporation tax 500 -
PAYE / NI - 146
  ───────── ─────────
  500 146
  ═════════ ═════════
           
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Losses Total Total
  allowances      
         
      2024 2023
  £ £ £ £
 
At financial year start 1,576 (1,217) 359 (27)
Charged to profit and loss 5,538 (2,988) 2,550 386
  ───────── ───────── ───────── ─────────
At financial year end 7,114 (4,205) 2,909 359
  ═════════ ═════════ ═════════ ═════════
       
10. Government Grants Deferred 2024 2023
  £ £
 
Capital grants received and receivable
Increase in financial year 322 -
  ───────── ─────────
Amortisation
Amortised in financial year (81) -
  ───────── ─────────
Net book value
At 30 September 2024 241 -
  ═════════ ═════════
           
11. Related party transactions
The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.
 
At the start of the year the director was owed £3,628. During the year, Life Process Program Ltd borrowed a further £2,945 from the director and no repayments were made to the director. At the year end the amount owed to the director from Life Process Program Ltd was £6,573 (2023: £3,628) and this is included in the creditors section of the balance sheet.