REGISTERED NUMBER: 14887530 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Lifetime Driveways Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

5

DIRECTOR:

S J Lockhart

SECRETARY:

REGISTERED OFFICE:

22 Grange Road

Ramsgate

Kent

CT11 9LR

REGISTERED NUMBER:

14887530 (England and Wales)

ACCOUNTANTS:

Adlam Accountancy Services

22 Grange Road

Ramsgate

Kent

CT11 9LR

FIXED ASSETS

Tangible assets

4

99,042

73,737

CURRENT ASSETS

Stocks

5

2,725

2,950

Debtors

6

3,290

6,986

Cash at bank and in hand

123,721

82,257

129,736

92,193

CREDITORS

Amounts falling due within one year

7

62,793

70,059

NET CURRENT ASSETS

66,943

22,134

TOTAL ASSETS LESS CURRENT LIABILITIES

165,985

95,871

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

165,984

95,870

SHAREHOLDERS' FUNDS

165,985

95,871

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

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

The director acknowledges his 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 director and authorised for issue on 17 September 2025 and were signed by:

S J Lockhart - Director

1.	STATUTORY INFORMATION

Lifetime Driveways 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 Equipment

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Equipment

vehicles

Totals

£

£

£

COST

At 1 June 2024

37,400

49,349

86,749

Additions

8,689

34,094

42,783

At 31 May 2025

46,089

83,443

129,532

DEPRECIATION

At 1 June 2024

5,610

7,402

13,012

Charge for year

6,072

11,406

17,478

At 31 May 2025

11,682

18,808

30,490

NET BOOK VALUE

At 31 May 2025

34,407

64,635

99,042

At 31 May 2024

31,790

41,947

73,737

5.

STOCKS

31.5.25

31.5.24

£

£

Stocks

2,725

2,950

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

VAT

-

1,913

Prepayments

3,290

5,073

3,290

6,986

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Corporation Tax

46,356

30,265

Social security and other taxes

932

573

VAT

11,538

-

Other creditors

96

-

Directors' current accounts

2,587

37,766

Accrued expenses

1,284

1,455

62,793

70,059

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.25

31.5.24

value:

£

£

1

ordinary

£1

1

1

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Adlam Accountancy Services

22 Grange Road

Ramsgate

Kent

CT11 9LR

Date: .............................................