The Life Centre North Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05603616 (England and Wales)

Financial Statements for the Year Ended 31st December 2024

for

The Life Centre North Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms E Stanley

Mrs C Gregg

Mr A Kowal

SECRETARY:

Mr G Burns

REGISTERED OFFICE:

Stag House

Old London Road

Hertford

Hertfordshire

SG13 7LA

REGISTERED NUMBER:

05603616 (England and Wales)

ACCOUNTANTS:

Armstrong & Co

Chartered Accountants

4a Printing House Yard

Hackney Road

London

E2 7PR

FIXED ASSETS

Tangible assets

4

855

1,885

CURRENT ASSETS

Stocks

1,887

1,205

Debtors

5

42,758

20,755

Cash at bank

14,464

34,271

59,109

56,231

CREDITORS

Amounts falling due within one year

6

35,609

49,254

NET CURRENT ASSETS

23,500

6,977

TOTAL ASSETS LESS CURRENT
LIABILITIES

24,355

8,862

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

7

24,255

8,762

SHAREHOLDERS' FUNDS

24,355

8,862

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 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 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 North Limited 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 represents net invoiced sales of goods, excluding value added tax.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

at varying rates on cost

Computer equipment

-

at varying rates 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

COST

At 1st January 2024

and 31st December 2024

26,588

35,645

119,732

6,842

188,807

DEPRECIATION

At 1st January 2024

24,703

35,645

119,732

6,842

186,922

Charge for year

1,030

-

1,030

At 31st December 2024

25,733

35,645

119,732

6,842

187,952

NET BOOK VALUE

At 31st December 2024

855

-

855

At 31st December 2023

1,885

-

1,885

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

2,948

3,219

Other debtors

2,426

-

Prepayments

37,384

17,536

42,758

20,755

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

28,040

33,032

Other creditors

725

-

Deferred income

5,653

15,031

Accrued expenses

1,191

35,609

49,254

7.

RESERVES

Retained

earnings

£

At 1st January 2024

8,762

Profit for the year

27,493

Dividends

(12,000

)

At 31st December 2024

24,255

8.	OTHER FINANCIAL COMMITMENTS

At 31 December 2024, the company had total commitments under operating leases which expire in May 2026 of £65,167. The company has an option to cancel these leases from 31 December 2024.

9.	ULTIMATE CONTROLLING PARTY

The Life Centre North Limited, is wholly owned by Awareness Limited, a company limited by shares (no: 04353703).