Assets For Life Ltd

Assets For Life Ltd Accountants' Report For the year ended 31 March 2025
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Assets for Life Ltd for the year ended 31 March 2025. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Assets for Life Ltd for the year ended 31 March 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Assets for Life Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Assets for Life Ltd and state those matters that we have agreed to state to the Board of Directors of Assets for Life Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Assets for Life Ltd and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Assets for Life Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Assets for Life Ltd. You consider that Assets for Life Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Assets for Life Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 31 March 2025. .................................................... aa Chartered Accountants 6 Blenheim Court Peppercorn Close Peterborough PE1 2DU 23 December 2025 2

Assets For Life Ltd
Accountants' Report
For the year ended 31 March 2025

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Assets for Life Ltd for the year ended 31 March 2025.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Assets for Life Ltd for the year ended 31 March 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Assets for Life Ltd, as a body, in accordance with the terms of our engagement letter.

Our work has been undertaken solely to prepare for your approval the accounts of Assets for Life Ltd and state those matters that we have agreed to state to the Board of Directors of Assets for Life Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Assets for Life Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Assets for Life Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Assets for Life Ltd.

You consider that Assets for Life Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Assets for Life Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 31 March 2025.

....................................................
aa Chartered Accountants
6 Blenheim Court
Peppercorn Close
Peterborough
PE1 2DU
23 December 2025

Assets For Life Ltd
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	4	110,000	100,000
Tangible fixed assets	5	14,123	13,355
Investments	6	52,772	8,000
		176,895	121,355
Current assets
Debtors	7	4,521,727	3,619,539
Cash at bank and in hand		1,668,473	1,665,132
		6,190,200	5,284,671
Creditors: amount falling due within one year	8	(1,690,357)	(1,756,190)
Net current assets		4,499,843	3,528,481

Total assets less current liabilities		4,676,738	3,649,836
Accruals and deferred income		(4,513,994)	(3,284,229)
Provisions for liabilities	9	(2,519)	(2,519)
Net assets		160,225	363,088

Capital and reserves
Called up share capital	10	3	3
Profit and loss account		160,222	363,085
Shareholders' funds		160,225	363,088

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 23 December 2025 and were signed on its behalf by:

-------------------------------
Liam Joseph Brendan Ryan
Director

Assets For Life Ltd
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

Assets For Life Ltd is a private company, limited by shares, registered in England and Wales, registration number 09935286, registration address Suite 105 Waterhouse , Business Centre, Cromar Way, Chelmsford, England, CM1 2QE.

Accounting policies

Significant accounting policies

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)

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer & Office Equipment

33% Straight Line

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 23 (2024 : 20).

Financial Commitments, Guarantees and Contingencies

Future operating lease commitments are as follows:

Particulars		Current £
Due in less 1 year		6,532
Due in more than 1 year		28,926

Intangible fixed assets

Cost	Other	Total
	£	£
At 01 April 2024	100,000	100,000
Additions	10,000	10,000
Disposals	-	-
At 31 March 2025	110,000	110,000
Amortisation
At 01 April 2024	-	-
Charge for year	-	-
On disposals	-	-
At 31 March 2025	-	-
Net book values
At 31 March 2025	110,000	110,000
At 31 March 2024	100,000	100,000

Tangible fixed assets

Cost or valuation	Computer & Office Equipment	Total
	£	£
At 01 April 2024	83,640	83,640
Additions	14,024	14,024
Disposals	(7,889)	(7,889)
At 31 March 2025	89,775	89,775
Depreciation
At 01 April 2024	70,285	70,285
Charge for year	13,209	13,209
On disposals	(7,842)	(7,842)
At 31 March 2025	75,652	75,652
Net book values
Closing balance as at 31 March 2025	14,123	14,123
Opening balance as at 01 April 2024	13,355	13,355

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 April 2024	8,000	8,000
Additions	44,772	44,772
Disposals	-	-
At 31 March 2025	52,772	52,772

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	4,074,041	2,516,586
Provision for Doubtful Debts	(1,460,158)	(616,435)
Amount Owed by Participating Interests	1,695,163	1,553,243
Prepayments & Accrued Income	132,336	78,272
Other Debtors	5,418	4,146
Directors' Current Accounts	8,824	7,286
	4,455,624	3,543,098

Debtors: amounts falling due after one year

	2025 £		2024 £
Other Debtors	66,103		76,441
	66,103		76,441

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	149,302	306,804
Amounts Owed to Participating Interests	292,338	370,500
Corporation Tax	0	78,868
PAYE & Social Security	12,190	16,618
Accrued Expenses	189,601	320,590
Other Creditors	42,994	33,762
Proposed Dividend	100,000	0
VAT	903,932	629,048
	1,690,357	1,756,190

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	2,519		2,519
	2,519		2,519

10.

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
6 Class A shares of £0.50 each	3		3
	3		3

11.	Director’s loan

Directors loan account

During the year the director lent the company £7,350 (2024: £7,350) via the directors LLP L&H Consulting LLP (OC437306) this loan was repaid within nine months of the year end and is shown within the directors loan account.

During the year the company lent the directors £16,174 (2024: £7,180) this loan was repaid within nine months of the year end and is shown within the directors loan account.

12.

Related party notes

Particulars	2025 £	2024 £
JM Prop Ltd (09913202)	258,714	248,764
PKAFL Prop Ltd (10427842)	30,750	25,750
SAFL Property Ltd (10899741)	541,112	541,112
LJBR Prop Ltd (10276641)	749,966	355,000
CB Investment	36,764	13,368
AFL Casa UK Ltd (1531379)	2,857	-
DG Maidenhead Holdings Ltd (12797074)	75,000	-
	1,695,163	1,183,994

All related party transactions relate to companies where the directors have a controlling interest and are included within long term debtors. There is no interest charged on these loans.

13.	Other Debtors Due within 1 Year Other debtors due within 1 year includes loan to Ida Takala and interest is being charge at the rate of 20% per annum on this loan.

Registered Number: 09935286
England and Wales
ASSETS FOR LIFE LTD

Unaudited Financial Statements

Period of accounts Start date: 01 April 2024 End date: 31 March 2025