Life Connected Limited - Filleted accounts

Registered number

13751237

Life Connected Limited

Unaudited Filleted Accounts

31 March 2025

Life Connected Limited
Registered number:		13751237
Balance Sheet
as at 31 March 2025

Notes			2025			2023
£				£
Fixed assets
Tangible assets	3		17,109			23,016

Current assets
Stocks		2,043			907
Debtors	4	12,203			5,664
Cash at bank and in hand		15,029			8,876
		29,275			15,447

Creditors: amounts falling due within one year	5	(35,217)			(32,026)

Net current liabilities			(5,942)			(16,579)

Total assets less current liabilities			11,167			6,437

Creditors: amounts falling due after more than one year	6		-			(1,983)

Provisions for liabilities			(3,253)			(4,373)


Net assets			7,914			81

Capital and reserves
Called up share capital			100			100
Profit and loss account			7,814			(19)

Shareholders' funds			7,914			81

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Lindsey Wynne
Director
Approved by the board on 12 August 2025

Life Connected Limited
Notes to the Accounts
for the period from 1 December 2023 to 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Practice equipment			25% reducing balance
	Fixtures, fittings & equipment			25% reducing balance



	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price).

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees					2025		2023
Number							Number

	Average number of persons employed by the company					2		2


3	Tangible fixed assets
				Fixtures, fittings and equipment		Practice equipment		Total
£					£		£
	Cost
	At 1 December 2023			999		30,715		31,714
	Additions			1,772		200		1,972
	At 31 March 2025			2,771		30,915		33,686

	Depreciation
	At 1 December 2023			291		8,407		8,698
	Charge for the period			431		7,448		7,879
	At 31 March 2025			722		15,855		16,577

	Net book value
	At 31 March 2025			2,049		15,060		17,109
	At 30 November 2023			708		22,308		23,016


4	Debtors					2025		2023
£							£

	Trade debtors					-		776
	Directors Account					8,445		2,667
	Other debtors					3,758		2,221
						12,203		5,664


5	Creditors: amounts falling due within one year					2025		2023
£							£

	Obligations under finance lease and hire purchase contracts					397		4,760
	Taxation and social security costs					16,266		9,308
	Other creditors					18,554		17,958
						35,217		32,026


6	Creditors: amounts falling due after one year					2025		2023
£							£

	Obligations under finance lease and hire purchase contracts					-		1,983


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Lindsey Wynne
		1,334		2,889		-		4,223

	Ian Wynne
		1,334		2,889		-		4,223

		2,668		5,778		-		8,446


8	Other information

	Life Connected Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit A, Farriers Courtyard
	Spelmonden Farm
	Spelmonden Road
	Goudhurst, Cranbrook
	TN17 1HE