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Company No: 13249863 (England and Wales)

LIFESAGE LTD

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

LIFESAGE LTD

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

LIFESAGE LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
LIFESAGE LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 0 29
0 29
Current assets
Debtors 4 2,040 1,498
Cash at bank and in hand 182 1,923
2,222 3,421
Creditors: amounts falling due within one year 5 ( 10,246) ( 2,824)
Net current (liabilities)/assets (8,024) 597
Total assets less current liabilities (8,024) 626
Net (liabilities)/assets ( 8,024) 626
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 8,124 ) 526
Total shareholder's (deficit)/funds ( 8,024) 626

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Lifesage Ltd (registered number: 13249863) were approved and authorised for issue by the Director. They were signed on its behalf by:

Hayley Michelle Tink
Director

09 June 2025

LIFESAGE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
LIFESAGE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
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

Lifesage 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 4 Childs Terrace, Bawburgh, Norwich, NR9 3LN, 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

Despite the net current liability position shown on the Statement of financial position, the director is of the opinion that the company is financially stable, and these accounts are therefore prepared on the going concern basis. The director has confirmed that continued financial support will be received where necessary from the shareholder introducing funds to the business.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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.

Tangible fixed assets

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

Office equipment 4 years straight line
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.

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.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors, creditors and loans from related parties.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 April 2024 113 113
At 31 March 2025 113 113
Accumulated depreciation
At 01 April 2024 84 84
Charge for the financial year 29 29
At 31 March 2025 113 113
Net book value
At 31 March 2025 0 0
At 31 March 2024 29 29

4. Debtors

2025 2024
£ £
Prepayments and accrued income 18 1,498
Corporation tax 2,022 0
2,040 1,498

5. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 229 198
Accruals 1,194 0
Corporation tax 0 2,477
Other creditors 8,823 149
10,246 2,824

6. Related party transactions

The director has a loan account with the company. Interest is chargeable on these loans at the discretion of the director. The director has agreed that there will be no interest charged on these loans during the year.

At the year end the company owed the director £8,823 (2024: £149).