Lifestyle Insurance Brokers Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05512275

Lifestyle Insurance Brokers Limited

Filleted Unaudited Financial Statements

31 August 2025

Lifestyle Insurance Brokers Limited

Financial Statements

Year ended 31 August 2025

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

Lifestyle Insurance Brokers Limited

Officers and Professional Advisers

The board of directors	Mr MA Firth
	Ms EO Yates
	Miss K Blackshaw
	Mr J Taylor

Company secretary	Mr MS Gilks

Registered office	Meridian House
	Pepper Road
	Hazel Grove
	Stockport
	Cheshire
	SK7 5BW

Accountants	Gort and March
	Chartered Accountants
	320 London Road
	Hazel Grove
	Stockport
	Cheshire
	SK7 4RF

Lifestyle Insurance Brokers Limited

Statement of Financial Position

31 August 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	65,404	98,567

Current assets

Debtors	6	692,430	429,209
Investments	7	80,000	–
Cash at bank and in hand		1,225,447	1,357,564
		------------	------------
		1,997,877	1,786,773

Creditors: amounts falling due within one year	8	1,966,148	1,788,461
		------------	------------
Net current assets/(liabilities)		31,729	( 1,688)
		--------	--------
Total assets less current liabilities		97,133	96,879
		--------	--------
Net assets		97,133	96,879
		--------	--------

Capital and reserves

Called up share capital	82,348	82,348
Capital redemption reserve	14,531	14,531
Profit and loss account	254	–
	--------	--------
Shareholder funds	97,133	96,879
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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

Directors' responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Lifestyle Insurance Brokers Limited

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 20 November 2025 , and are signed on behalf of the board by:

Mr MA Firth

Director

Company registration number: 05512275

Lifestyle Insurance Brokers Limited

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Meridian House, Pepper Road, Hazel Grove, Stockport, Cheshire, SK7 5BW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% straight line
Motor vehicles	-	20% straight line
Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 51 (2024: 54 ).

5. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 September 2024	9,253	168,712	29,663	207,628
Disposals	–	( 18,025)	–	( 18,025)
	-------	---------	--------	---------
At 31 August 2025	9,253	150,687	29,663	189,603
	-------	---------	--------	---------
Depreciation
At 1 September 2024	8,996	73,300	26,765	109,061
Charge for the year	128	30,137	2,898	33,163
Disposals	–	( 18,025)	–	( 18,025)
	-------	---------	--------	---------
At 31 August 2025	9,124	85,412	29,663	124,199
	-------	---------	--------	---------
Carrying amount
At 31 August 2025	129	65,275	–	65,404
	-------	---------	--------	---------
At 31 August 2024	257	95,412	2,898	98,567
	-------	---------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	612,016	84,784
Other debtors	80,414	344,425
	---------	---------
	692,430	429,209
	---------	---------

7. Investments

	2025	2024
	£	£
Other investments	80,000	–
	--------	----

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,620,586	1,517,427
Corporation tax	259,059	191,152
Social security and other taxes	65,238	55,902
Other creditors	21,265	23,980
	------------	------------
	1,966,148	1,788,461
	------------	------------

9. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr MA Firth	315,751	( 247,639)	68,112
Mr ID Knuckey	–	–	–
Miss K Blackshaw	3,674	( 312)	3,362
Mr J Taylor	( 252)	( 312)	( 564)
	---------	---------	--------
	319,173	( 248,263)	70,910
	---------	---------	--------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr MA Firth	81,361	234,390	315,751
Mr ID Knuckey	11,639	( 11,639)	–
Miss K Blackshaw	–	3,674	3,674
Mr J Taylor	–	( 252)	( 252)
	--------	---------	---------
	93,000	226,173	319,173
	--------	---------	---------