REGISTERED NUMBER: 04375834 (England and Wales)

Financial Statements for the Year Ended 31st December 2024

for

The Life Centre Education Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms E Stanley

Mr A M Kowal

Mrs C Gregg

SECRETARY:

Mr G Burns

REGISTERED OFFICE:

Stag House

Old London Road

Hertford

Hertfordshire

SG13 7LA

REGISTERED NUMBER:

04375834 (England and Wales)

ACCOUNTANTS:

Armstrong & Co

Chartered Accountants

4a Printing House Yard

Hackney Road

London

E2 7PR

FIXED ASSETS

Tangible assets

4

3,317

7,792

CURRENT ASSETS

Stocks

1,289

5,501

Debtors

5

37,756

57,137

Cash at bank

78,473

153,493

117,518

216,131

CREDITORS

Amounts falling due within one year

6

292,664

416,087

NET CURRENT LIABILITIES

(175,146

)

(199,956

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(171,829

)

(192,164

)

CREDITORS

Amounts falling due after more than one year

7

27,263

32,715

NET LIABILITIES

(199,092

)

(224,879

)

RESERVES

Income and expenditure account

(199,092

)

(224,879

)

(199,092

)

(224,879

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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 surplus or deficit 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 26th September 2025 and were signed on its behalf by:

Ms E Stanley - Director

1.	STATUTORY INFORMATION

The Life Centre Education Limited is a private company, limited by guarantee , 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.

Going concern

During the year the company made a profit before tax of £24,938 (2023: £65,249) and at the balance sheet date had net current liabilities of £175,146 (2023: £199,956). There is a balance sheet deficit of £199,092 (2023: £224,879 deficit). The directors believe that members and customers will continue to support the company in the foreseeable future, that the company will be able to meet its debts as they fall due and it is therefore appropriate to prepare the accounts on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents amounts receivable from the provision of services as per the principal activities of the company, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to leasehold premises

-

in accordance with the property

Fixtures,fittings & office equipment

-

33% on cost

Computers & website

-

33% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Deferred income

Deferred income represents amounts received for future periods and is released to the profit and loss account in the period for which it has been received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Fixtures,fittings

leasehold

Plant and

& office

Computers

premises

machinery

equipment

& website

Totals

£

£

£

£

£

COST

At 1st January 2024

158,294

5,504

264,869

78,088

506,755

Additions

-

-

2,160

1,236

3,396

At 31st December 2024

158,294

5,504

267,029

79,324

510,151

DEPRECIATION

At 1st January 2024

158,294

5,504

257,441

77,724

498,963

Charge for year

-

-

7,107

764

7,871

At 31st December 2024

158,294

5,504

264,548

78,488

506,834

NET BOOK VALUE

At 31st December 2024

-

-

2,481

836

3,317

At 31st December 2023

-

-

7,428

364

7,792

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

4,427

35,183

Other debtors

10,994

-

Prepayments

22,335

21,954

37,756

57,137

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,454

5,318

Trade creditors

85,058

149,946

Deferred tax

630

1,479

Social security and other taxes

4,439

5,090

Other loans

55,000

55,000

Other creditors

84,371

61,621

Pensions

866

769

Accrued expenses

7,552

14,542

Deferred income

49,294

122,322

292,664

416,087

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

5,592

5,453

Bank loans - 2-5 years

21,671

23,224

Bank loans more 5 yr by instal

-

4,038

27,263

32,715

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

4,038

8.	OTHER FINANCIAL COMMITMENTS

At 31 December 2024, the company had total commitments under operating leases which expire in August 2029 of £443,334. The company has an option of a six month break clause.

9.	RELATED PARTY DISCLOSURES