ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 12110039

LIFELINE CONSTRUCTION LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

LIFELINE CONSTRUCTION LTD

REGISTERED NUMBER: 12110039

BALANCE SHEET

AS AT 31 DECEMBER 2024

	31 December	29 December
	2024	2023
Note

Fixed assets
Tangible assets	4		1,241		1,872
Investments	5		16,282		16,282
			17,523		18,154
Current assets
Stocks		53,984		7,503
Debtors: amounts falling due within one year	6	11,695		66,904
Cash at bank and in hand	7	3,928		5,936
		69,607		80,343
Creditors: amounts falling due within one year	8	(163,844)		(141,016)
Net current liabilities			(94,237)		(60,673)
Total assets less current liabilities			(76,714)		(42,519)
Creditors: amounts falling due after more than one year	9		(5,989)		(15,174)

Net liabilities			£(82,703)		£(57,693)

Capital and reserves
Called up share capital	1	1
Profit and loss account	(82,704)	(57,694)
	£(82,703)	£(57,693)

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LIFELINE CONSTRUCTION LTD

REGISTERED NUMBER: 12110039

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 December 2025.

___________________________

A C W Whitker

Director

The notes on pages 3 to 7 form part of these financial statements.

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LIFELINE CONSTRUCTION LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

1.	General information

Lifeline Construction Ltd is a private limited by shares, incorporated in England and Wales. The company registration number is 12110039. The registered office of the company is 5 The Maltings, Walsham-Le-Willows, Bury St. Edmunds, Suffolk IP31 3BD.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

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LIFELINE CONSTRUCTION LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Plant and machinery	-	15%	straight line
				Computer equipment	-	25%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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LIFELINE CONSTRUCTION LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the period was 1 (2023 - 1).

4.	Tangible fixed assets

	Plant and machinery	Computer equipment	Total
Cost or valuation
At 30 December 2023	2,007	1,400	3,407
At 31 December 2024	2,007	1,400	3,407
Depreciation
At 30 December 2023	1,016	519	1,535
Charge for the period on owned assets	301	330	631
At 31 December 2024	1,317	849	2,166
Net book value
At 31 December 2024	£690	£551	£1,241
At 29 December 2023	£991	£881	£1,872

5.	Fixed asset investments

		Unlisted investments
	Cost or valuation
	At 30 December 2023	16,282
	At 31 December 2024	£16,282

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LIFELINE CONSTRUCTION LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

Debtors

					31 December	29 December
					2024	2023


Amounts owed by group undertakings	3,695	62,014
Other debtors	3,000	4,890
Prepayments and accrued income	5,000	-
	£11,695	£66,904

7.	Cash and cash equivalents
		31 December	29 December
		2024	2023

	Cash at bank and in hand	£3,928	£5,936

8.	Creditors: Amounts falling due within one year
		31 December	29 December
		2024	2023

Bank loans	10,920	10,920
Amounts owed to group undertakings	26,762	36,762
Other taxation and social security	1,364	-
Other creditors	119,784	90,794
Accruals and deferred income	5,014	2,540
	£163,844	£141,016

9.	Creditors: Amounts falling due after more than one year
		31 December	29 December
		2024	2023

	Bank loans	£5,989	£15,174

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LIFELINE CONSTRUCTION LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

Amounts falling due within one year
Bank loans	10,920	10,920
	10,920	10,920
Amounts falling due 1-2 years
Bank loans	5,991	10,920
	5,991	10,920
Amounts falling due 2-5 years
Bank loans	-	4,254
	-	4,254

	£16,911	£26,094

11.	Controlling party / Ultimate parent undertaking and controlling party

At the balance sheet date, the immediate and ultimate parent undertaking is Lifeline Property Ltd, a company incorporated in England and Wales.
Mrs C C Whitaker is the controlling party of the company.
The company is exempt from the requirement of preparing consolidated financial statements as it is a subsidiary undertaking of a small group under section 383 of the Companies Act 2006.

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