Company No:
Contents
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
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| 0 | 29 | |||
| Current assets | ||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| 2,222 | 3,421 | |||
| Creditors: amounts falling due within one year | 5 | (
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| Net current (liabilities)/assets | (8,024) | 597 | ||
| Total assets less current liabilities | (8,024) | 626 | ||
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| Profit and loss account | (
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| Total shareholder's (deficit)/funds | (
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Director's responsibilities:
The financial statements of Lifesage Ltd (registered number:
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Hayley Michelle Tink
Director |
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.
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 £.
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 is recognised when the significant risks and rewards are considered to have been transferred to the customer.
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.
| Office equipment |
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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.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including the director |
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| Office equipment | Total | ||
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| Cost | |||
| At 01 April 2024 |
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| At 31 March 2025 |
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| Accumulated depreciation | |||
| At 01 April 2024 |
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| Charge for the financial year |
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| At 31 March 2025 |
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| Net book value | |||
| At 31 March 2025 |
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| At 31 March 2024 |
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| 2025 | 2024 | ||
| £ | £ | ||
| Prepayments and accrued income |
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| Corporation tax |
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| £ | £ | ||
| Trade creditors |
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| Accruals |
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| Corporation tax |
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| Other creditors |
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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).