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# ITSNEWLIFE LIMITED

## Company Registration Number:
14883365 (England and Wales)

## Unaudited statutory accounts for the year ended 31 May 2025

## Period of accounts

## Start date: 01 June 2024

## End date: 31 May 2025

# ITSNEWLIFE LIMITED

## Contents of the Financial Statements

for the Period Ended 31 May 2025

Company Information - 3 |
Profit and Loss Account - 4 |
Balance sheet - 5 |
Additional notes - 7 |
Balance sheet notes - 10 |

# ITSNEWLIFE LIMITED

## Company Information

for the Period Ended 31 May 2025

Director: |  | Nathan Luke New
Registered office: |  | 367 Middle Park Way Havant England PO9 5DN
Company Registration Number: |  | 14883365 (England and Wales)

# ITSNEWLIFE LIMITED

## Profit and Loss Account

for the Period Ended 31 May 2025

| Notes | 2025 £ | 2024 £
--- | --- | --- | ---
Turnover |  | 27,252 | 58,438
Cost of sales |  | ( 10,728 ) | ( 25,210 )
Gross Profit or (Loss) |  | 16,524 | 33,228
Income from coronavirus (COVID-19) business support grants |  | 0 | 0
Distribution Costs |  | ( 15,771 ) | ( 28,267 )
Administrative Expenses |  | ( 1,200 ) | ( 1,200 )
Other operating income |  | 0 | 0
Operating Profit or (Loss) |  | ( 447 ) | 3,761
Interest Receivable and Similar Income |  | 0 | 0
Interest Payable and Similar Charges |  | ( 0 ) | ( 0 )
Profit or (Loss) Before Tax |  | ( 447 ) | 3,761
Tax on Profit |  | ( 0 ) | ( 883 )
Profit or (Loss) for Period |  | ( 447 ) | 2,878

The notes form part of these financial statements

# ITSNEWLIFE LIMITED

## Balance sheet

As at 31 May 2025

| Notes | 2025 £ | 2024 £
--- | --- | --- | ---
Fixed assets
Intangible assets: | 4 | 120 | 120
Tangible assets: | 5 | 1,100 | 700
Total fixed assets: |  | 1,220 | 820
Current assets
Stocks: |  | 500 | 3,013
Cash at bank and in hand: |  | 0 | 0
Total current assets: |  | 500 | 3,013
Net current assets (liabilities): |  | 500 | 3,013
Total assets less current liabilities: |  | 1,720 | 3,833
Total net assets (liabilities): |  | 1,720 | 3,833

The notes form part of these financial statements

# ITSNEWLIFE LIMITED

## Balance sheet continued

As at 31 May 2025

| Notes | 2025 £ | 2024 £
--- | --- | --- | ---
Capital and reserves
Called up share capital: |  | 1 | 1
Revaluation reserve: | 6 | 1,719 | 3,832
Shareholders funds: |  | 1,720 | 3,833

For the year ending 31 May 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

This report was approved by the board of directors on 3 November 2025
And Signed On Behalf Of The Board By:

Name: Nathan Luke New
Status: Director

The notes form part of these financial statements

# ITSNEWLIFE LIMITED

## Notes to the Financial Statements

for the Period Ended 31 May 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  the turn over is from all sales online

  Tangible fixed assets depreciation policy

  all assets calculated

  Valuation information and policy

  stock calculated at purchase price

# ITSNEWLIFE LIMITED

## Notes to the Financial Statements

for the Period Ended 31 May 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 1 | 1

# ITSNEWLIFE LIMITED

## Notes to the Financial Statements

for the Period Ended 31 May 2025

- ## 3. Off balance sheet disclosure

  No

# ITSNEWLIFE LIMITED

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 4. Intangible assets

| Other | Total
--- | --- | ---
Cost | £ | £
At 01 June 2024 | 120 | 120
Additions | 0 | 0
Disposals | ( 0 ) | ( 0 )
Revaluations | 0 | 0
Transfers | 0 | 0
At 31 May 2025 | 120 | 120
Amortisation |  |
Amortisation at 01 June 2024 | - | -
Charge for year | - | -
On disposals | - | -
Other adjustments | - | -
Amortisation at 31 May 2025 | - | -
Net book value |  |
Net book value at 31 May 2025 | 120 | 120
Net book value at 31 May 2024 | 120 | 120

# ITSNEWLIFE LIMITED

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 5. Tangible assets

| Fixtures & fittings | Office equipment | Total
--- | --- | --- | ---
Cost | £ | £ | £
At 01 June 2024 | 400 | 400 | 800
Additions | 200 | 200 | 400
Disposals | ( 0 ) | ( 0 ) | ( 0 )
Revaluations | 0 | 0 | 0
Transfers | 0 | 0 | 0
At 31 May 2025 | 600 | 600 | 1,200
Depreciation |  |  |
At 01 June 2024 | 50 | 50 | 100
Charge for year | 0 | 0 | 0
On disposals | ( 0 ) | ( 0 ) | ( 0 )
Other adjustments | 0 | 0 | 0
At 31 May 2025 | 50 | 50 | 100
Net book value |  |  |
At 31 May 2025 | 550 | 550 | 1,100
At 31 May 2024 | 350 | 350 | 700

# ITSNEWLIFE LIMITED

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 6. Revaluation reserve

| 2025 £
--- | ---
Balance at 01 June 2024 | 3,832
Surplus or deficit after revaluation | ( 2,113 )
Balance at 31 May 2025 | 1,719