IRIS Accounts Production v25.1.4.42 06193320 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh061933202024-03-31061933202025-03-31061933202024-04-012025-03-31061933202023-03-31061933202023-04-012024-03-31061933202024-03-3106193320ns15:EnglandWales2024-04-012025-03-3106193320ns14:PoundSterling2024-04-012025-03-3106193320ns10:Director12024-04-012025-03-3106193320ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3106193320ns10:SmallEntities2024-04-012025-03-3106193320ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3106193320ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3106193320ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3106193320ns10:FullAccounts2024-04-012025-03-3106193320ns10:Director22024-04-012025-03-3106193320ns10:RegisteredOffice2024-04-012025-03-3106193320ns5:CurrentFinancialInstruments2025-03-3106193320ns5:CurrentFinancialInstruments2024-03-3106193320ns5:ShareCapital2025-03-3106193320ns5:ShareCapital2024-03-3106193320ns5:RetainedEarningsAccumulatedLosses2025-03-3106193320ns5:RetainedEarningsAccumulatedLosses2024-03-3106193320ns5:PlantMachinery2024-04-012025-03-3106193320ns5:ComputerEquipment2024-04-012025-03-3106193320ns5:PlantMachinery2024-03-3106193320ns5:ComputerEquipment2024-03-3106193320ns5:PlantMachinery2025-03-3106193320ns5:ComputerEquipment2025-03-3106193320ns5:PlantMachinery2024-03-3106193320ns5:ComputerEquipment2024-03-31
















The Life Practice Ltd

Financial Statements for the Year Ended 31 March 2025






The Life Practice Ltd (Registered number: 06193320)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Life Practice Ltd

Company Information
for the year ended 31 March 2025







DIRECTORS: Mr M Shields
Mrs K L Shields





REGISTERED OFFICE: Top Floor Offices
33 Market Place
Hitchin
Hertfordshire
SG5 1DY





REGISTERED NUMBER: 06193320 (England and Wales)





ACCOUNTANTS: Hargreaves Owen Ltd
Chartered Certified Accountants
Red Sky House
Fairclough Hall, Halls Green
Weston
Hertfordshire
SG4 7DP

The Life Practice Ltd (Registered number: 06193320)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,575 2,104

CURRENT ASSETS
Debtors 5 2,875 2,875
Cash at bank 239,147 265,656
242,022 268,531
CREDITORS
Amounts falling due within one year 6 11,019 237,577
NET CURRENT ASSETS 231,003 30,954
TOTAL ASSETS LESS CURRENT
LIABILITIES

233,578

33,058

CAPITAL AND RESERVES
Called up share capital 25 25
Retained earnings 233,553 33,033
SHAREHOLDERS' FUNDS 233,578 33,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 July 2025 and were signed on its behalf by:





Mr M Shields - Director


The Life Practice Ltd (Registered number: 06193320)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

The Life Practice Ltd 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Computer equipment - 25% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2024 1,623 9,011 10,634
Additions - 2,465 2,465
At 31 March 2025 1,623 11,476 13,099
DEPRECIATION
At 1 April 2024 1,218 7,312 8,530
Charge for year 404 1,590 1,994
At 31 March 2025 1,622 8,902 10,524
NET BOOK VALUE
At 31 March 2025 1 2,574 2,575
At 31 March 2024 405 1,699 2,104

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 2,875 2,875

The Life Practice Ltd (Registered number: 06193320)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Amounts owed to associates - 210,482
Corporation tax 3,923 17,638
VAT 4,966 6,946
Other creditors 600 600
Credit card 1,460 1,857
Directors' current accounts 70 54
11,019 237,577