REGISTERED NUMBER: 08984018 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

1st Lifestyle Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr O Highland

Mr M Edmonds

REGISTERED OFFICE:

6 Montpellier Gardens

Harrogate

HG1 2TF

REGISTERED NUMBER:

08984018 (England and Wales)

ACCOUNTANTS:

Wild & Co Chartered Accountants

Windsor House

Cornwall Road

Harrogate

HG1 2PW

FIXED ASSETS

Tangible assets

4

2,918

2,669

CURRENT ASSETS

Stocks

22,272

19,192

Debtors

208,015

186,021

Cash at bank and in hand

13,236

13,498

243,523

218,711

CREDITORS

Amounts falling due within one year

36,379

43,467

NET CURRENT ASSETS

207,144

175,244

TOTAL ASSETS LESS CURRENT LIABILITIES

210,062

177,913

CREDITORS

Amounts falling due after more than one year

(18,839

)

(23,486

)

PROVISIONS FOR LIABILITIES

5

(496

)

(449

)

NET ASSETS

190,727

153,978

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

190,725

153,976

SHAREHOLDERS' FUNDS

190,727

153,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 1 September 2025 and were signed on its behalf by:

Mr O Highland - Director

1.	STATUTORY INFORMATION

1st Lifestyle 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 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.

Fixtures and fittings

-

20% on cost

Computer equipment

-

Straight line over 4 years

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 profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2024

40,662

Additions

1,814

At 30 April 2025

42,476

DEPRECIATION

At 1 May 2024

37,993

Charge for year

1,565

At 30 April 2025

39,558

NET BOOK VALUE

At 30 April 2025

2,918

At 30 April 2024

2,669

5.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

£

Deferred tax

Accelerated capital allowances

496

449

Deferred

tax

£

Balance at 1 May 2024

449

Charge to Income Statement during year

47

Balance at 30 April 2025

496

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

2

Ordinary shares

£1

2

2

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

30.4.25

30.4.24

£

£

Mr O Highland and Mr M Edmonds

Balance outstanding at start of year

(1,069

)

(11,005

)

Amounts advanced

(4,232

)

(17,415

)

Amounts repaid

5,301

27,351

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(1,069

)

8.	ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling party by virtue of their shareholding.