Life Starts Limited 10454695 true 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is property management Digita Accounts Production Advanced 6.30.9574.0 true 10454695 2023-12-01 2024-11-30 10454695 2024-11-30 10454695 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-11-30 10454695 core:CurrentFinancialInstruments 2024-11-30 10454695 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 10454695 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-11-30 10454695 bus:SmallEntities 2023-12-01 2024-11-30 10454695 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 10454695 bus:FilletedAccounts 2023-12-01 2024-11-30 10454695 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 10454695 bus:RegisteredOffice 2023-12-01 2024-11-30 10454695 bus:Director1 2023-12-01 2024-11-30 10454695 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-12-01 2024-11-30 10454695 bus:EntityNoLongerTradingButTradedInPast 2023-12-01 2024-11-30 10454695 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 10454695 bus:Agent1 2023-12-01 2024-11-30 10454695 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-12-01 2024-11-30 10454695 countries:England 2023-12-01 2024-11-30 10454695 2023-11-30 10454695 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-11-30 10454695 2022-12-01 2023-11-30 10454695 2023-11-30 10454695 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-11-30 10454695 core:CurrentFinancialInstruments 2023-11-30 10454695 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 10454695 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10454695

Life Starts Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Life Starts Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Life Starts Limited

Company Information

Director

Nicola Ann Larner

Registered office

10 Elvin Road
DEREHAM
Norfolk
NR19 2DX

Accountants

Fox & Co ( Anglia) Limited Unit 1 Bennett House
Norwich Street
DEREHAM
Norfolk
NR19 1BX

 

Life Starts Limited

(Registration number: 10454695)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

334

939

Creditors: Amounts falling due within one year

5

(210)

(314)

Net assets

 

124

625

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

24

525

Shareholders' funds

 

124

625

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 August 2025
 

.........................................
Nicola Ann Larner
Director

 

Life Starts Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
10 Elvin Road
DEREHAM
Norfolk
NR19 2DX
England

These financial statements were authorised for issue by the director on 20 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Life Starts Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Debtors

Current

2024
£

2023
£

Other debtors

334

939

 

334

939

 

Life Starts Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

-

9

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

-

5

Accruals and deferred income

 

210

300

 

210

314

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

7

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £3.00 per each Ordinary

300

300

 

 

8

Related party transactions

 

Life Starts Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Transactions with the director

 

Life Starts Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Loans to related parties

2024

Key management
£

Total
£

At start of period

(5)

(5)

Advanced

639

639

Repaid

(300)

(300)

At end of period

334

334