Company Registration No. 14373174 (England and Wales)
Lifestyle Building and Developments Limited
Unaudited accounts
for the year ended 30 September 2024
Lifestyle Building and Developments Limited
Unaudited accounts
Contents
Lifestyle Building and Developments Limited
Company Information
for the year ended 30 September 2024
Company Number
14373174 (England and Wales)
Registered Office
1 Aran Mews
Station Road
Barnet
EN5 1FH
United Kingdom
Accountants
Balmoral Consultancy Services Limited
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
Lifestyle Building and Developments Limited
Statement of financial position
as at 30 September 2024
Cash at bank and in hand
18,418
4,383
Creditors: amounts falling due within one year
(59,991)
(43,099)
Net current assets
4,909
2,283
Called up share capital
100
100
Profit and loss account
4,809
2,183
Shareholders' funds
4,909
2,283
For the year ending 30 September 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 September 2025 and were signed on its behalf by
A Lulli
Director
Company Registration No. 14373174
Lifestyle Building and Developments Limited
Notes to the Accounts
for the year ended 30 September 2024
Lifestyle Building and Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 14373174. The registered office is 1 Aran Mews, Station Road, Barnet, EN5 1FH, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tax is recognised in the Statement of income and retained earnings,
except that a charge attributable to an item of income and
expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other
comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted
by the balance sheet date in the countries where the Company operates and generates income.
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Lifestyle Building and Developments Limited
Notes to the Accounts
for the year ended 30 September 2024
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more
than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of
acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially
at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and
liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and
investments in non-puttable ordinary shares.
Amounts falling due within one year
Accrued income and prepayments
18,085
21,016
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,390
5,725
Taxes and social security
47,604
35,015
Loans from directors
907
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Transactions with related parties
During the year under review, the director, A Lulli received dividends amounting to £7,000 (2023: £30,000).
The company is controlled by A Lulli by virtue of his 100% shareholding in the company.
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Average number of employees
During the year the average number of employees was 1 (2023: 1).