LIF MOTORS LTD

Company Registration Number:
13706133 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

LIF MOTORS LTD

Contents of the Financial Statements

for the Period Ended 31 October 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

LIF MOTORS LTD

Company Information

for the Period Ended 31 October 2024




Director: FLORIN LITA
Registered office: 25
Keats House
Porchester Mead
London
Kent
GBR
BR3 1TD
Company Registration Number: 13706133 (England and Wales)

LIF MOTORS LTD

Directors' Report Period Ended 31 October 2024

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

Principal Activities

Renting and leasing of cars and light motor vehicles Taxi operations

Directors

The directors shown below have held office during the whole of the period from 01 November 2023 to 31 October 2024
FLORIN LITA

This report was approved by the board of directors on 22 July 2025
And Signed On Behalf Of The Board By:

Name: FLORIN LITA
Status: Director

LIF MOTORS LTD

Profit and Loss Account

for the Period Ended 31 October 2024


Notes

2024
£

2023
£
Turnover 52,895 81,450
Cost of sales ( 93,951 ) ( 59,891 )
Gross Profit or (Loss) ( 41,056 ) 21,559
Administrative Expenses ( 95,493 ) ( 54,392 )
Operating Profit or (Loss) ( 136,549 ) ( 32,833 )
Profit or (Loss) Before Tax ( 136,549 ) ( 32,833 )
Profit or (Loss) for Period ( 136,549 ) ( 32,833 )

The notes form part of these financial statements

LIF MOTORS LTD

Balance sheet

As at 31 October 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 4 100 100
Tangible assets: 5 80,325
Total fixed assets: 80,425 100
Current assets
Cash at bank and in hand: 1,045 2,813
Total current assets: 1,045 2,813
Net current assets (liabilities): 1,045 2,813
Total assets less current liabilities: 81,470 2,913
Creditors: amounts falling due after more than one year: 6 ( 217,919 ) ( 35,646 )
Total net assets (liabilities): ( 136,449 ) ( 32,733 )

The notes form part of these financial statements

LIF MOTORS LTD

Balance sheet continued

As at 31 October 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 136,549 ) ( 32,833 )
Shareholders funds: ( 136,449 ) ( 32,733 )

For the year ending 31 October 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 22 July 2025
And Signed On Behalf Of The Board By:

Name: FLORIN LITA
Status: Director

The notes form part of these financial statements

LIF MOTORS LTD

Notes to the Financial Statements

for the Period Ended 31 October 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

    Property, Plant and Equipment outlines the accounting treatment for most types of property, plant and equipment. Property, plant and equipment is initially measured at its cost, subsequently measured either using a cost or revaluation model, and depreciated so that its depreciable amount is allocated on a systematic basis over its useful life.

    Intangible fixed assets amortisation policy

    Intangible assets are non-physical assets that have value to a business, such as patents, trademarks, goodwill, copyrights, and software. They provide future economic benefits and are typically amortized over their useful life.

LIF MOTORS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

LIF MOTORS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 3. Off balance sheet disclosure

    No

LIF MOTORS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Intangible assets

Goodwill Total
Cost £ £
At 01 November 2023 100 100
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 October 2024 100 100
Amortisation
Amortisation at 01 November 2023 - -
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 31 October 2024 - -
Net book value
Net book value at 31 October 2024 100 100
Net book value at 31 October 2023 100 100

LIF MOTORS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Tangible assets

Motor vehicles Total
Cost £ £
At 01 November 2023 - -
Additions 88,357 88,357
Disposals - -
Revaluations - -
Transfers - -
At 31 October 2024 88,357 88,357
Depreciation
At 01 November 2023 - -
Charge for year 8,032 8,032
On disposals - -
Other adjustments - -
At 31 October 2024 8,032 8,032
Net book value
At 31 October 2024 80,325 80,325
At 31 October 2023 - -

LIF MOTORS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

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


2024
£

2023
£
Other creditors 217,919 35,646
Total 217,919 35,646