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