LYFCYCLE LTD - Accounts

LYFCYCLE LTD

Statement of Financial Position

As at 31 December 2024

	£	2024 £	£	2023 £
Fixed assets		7,836		10,718
Current assets	223,457		177,854
Creditors: amount falling due within one year	(135,573)		(79,312)
Net current assets/(liabilities)		87,884		98,542
Total assets less current liabilities		95,720		109,260
Creditors: amount falling due after more than one year		(10,779)		(14,767)
Net assets/(liabilities)		84,941		94,493


Capital and reserves		84,941		94,493

For the year ended 31 December 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 of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:

----------------------------------
Gianni Romano
Director

Date approved: 17 September 2025

LYFCYCLE LTD

Notes to the Accounts

For the year ended 31 December 2024

Statutory Information

LYFCYCLE LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 12173416, registration address 16 Church Street, Cropwell Bishop, Nottingham, NG12 3DB, England.

The presentation currency is £ sterling.

Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).

Going Concern

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Website cost

Planning and operating costs for the company's website are charged to the profit and loss account as incurred.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Fixtures and Fittings	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Computer Equipment	30% Reducing Balance

Tangible fixed assets

Cost or Valuation	Plant and Machinery	Fixtures and Fittings	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
At 01 January 2024	816	75	7,995	7,021	15,907
Additions	-	-	-	-	-
At 31 December 2024	816	75	7,995	7,021	15,907
Depreciation
At 01 January 2024	204	33	1,999	2,953	5,189
Charge for year	153	10	1,499	1,220	2,882
At 31 December 2024	357	43	3,498	4,173	8,071
Net book values
Closing balance as at 31 December 2024	459	32	4,497	2,848	7,836
Opening balance as at 01 January 2024	612	42	5,996	4,068	10,718

3.	Average number of employees Average number of employees during the year were 6 (2023: 3).