Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10511782 Dr Cheng Cheng iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10511782 2023-12-31 10511782 2024-12-31 10511782 2024-01-01 2024-12-31 10511782 frs-core:CurrentFinancialInstruments 2024-12-31 10511782 frs-core:Non-currentFinancialInstruments 2024-12-31 10511782 frs-core:ComputerEquipment 2024-12-31 10511782 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10511782 frs-core:ComputerEquipment 2023-12-31 10511782 frs-core:PlantMachinery 2024-01-01 2024-12-31 10511782 frs-core:ShareCapital 2024-12-31 10511782 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10511782 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10511782 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10511782 frs-bus:SmallEntities 2024-01-01 2024-12-31 10511782 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10511782 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10511782 frs-bus:Director1 2024-01-01 2024-12-31 10511782 frs-core:CurrentFinancialInstruments 3 2024-12-31 10511782 frs-countries:EnglandWales 2024-01-01 2024-12-31 10511782 2022-12-31 10511782 2023-12-31 10511782 2023-01-01 2023-12-31 10511782 frs-core:CurrentFinancialInstruments 2023-12-31 10511782 frs-core:Non-currentFinancialInstruments 2023-12-31 10511782 frs-core:ShareCapital 2023-12-31 10511782 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10511782 frs-core:CurrentFinancialInstruments 3 2023-12-31
Registered number: 10511782
Lifesnice Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Panthera Limited
Chartered Management Accountants
The Manor
Main Street
Grove
Oxfordshire
OX12 7JJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10511782
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 225
- 225
CURRENT ASSETS
Stocks 5 - 10,000
Debtors 6 415,232 309,596
Cash at bank and in hand 16,250 7,828
431,482 327,424
Creditors: Amounts Falling Due Within One Year 7 (444,990 ) (213,646 )
NET CURRENT ASSETS (LIABILITIES) (13,508 ) 113,778
TOTAL ASSETS LESS CURRENT LIABILITIES (13,508 ) 114,003
Creditors: Amounts Falling Due After More Than One Year 8 (5,390 ) (185,119 )
NET LIABILITIES (18,898 ) (71,116 )
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account (19,898 ) (72,116 )
SHAREHOLDERS' FUNDS (18,898) (71,116)
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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr Cheng Cheng
Director
29/09/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Lifesnice Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10511782 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line
Computer Equipment 25% Straight Line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 6,863
As at 31 December 2024 6,863
Depreciation
As at 1 January 2024 6,638
Provided during the period 225
As at 31 December 2024 6,863
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 225
5. Stocks
2024 2023
£ £
Stock - 10,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 53,725 29,493
Other debtors (3) 88 88
Amounts owed by associates 361,419 -
415,232 29,581
Due after more than one year
Amounts owed by associates - 280,015
415,232 309,596
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 173,458 2,309
Bank loans and overdrafts 10,373 11,784
VAT 3,507 7,098
Other creditors 5 5
Director's loan account 257,647 192,450
444,990 213,646
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Trade creditors - 169,356
Bank loans 5,390 15,763
5,390 185,119
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Related Party Transactions
ConnectomX LtdA company in which Mr C Cheng is a person of significant control (PSC).During the year the company made sales amounting to £19,880. These goods were sold on an arm's length basis. Amounts outstanding from the company at the period end and included within trade debtors were £nil (2022 - £9,494).

ConnectomX Ltd

A company in which Mr C Cheng is a person of significant control (PSC).

During the year the company made sales amounting to £19,880. These goods were sold on an arm's length basis. Amounts outstanding from the company at the period end and included within trade debtors were £nil (2022 - £9,494).

A loan was made to ConnectomX Ltd of £68,000 during the year (2022 - £175,542). The balance due from ConnextomX Ltd at the year end is £280,015 (2022 - £202,461). The repayment of the loan is due after more than 1 year. During the year, interest of 3% was payable from ConnectomX Ltd.
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