Company Registration No. 06838410 (England and Wales)
Life On Healthcare Ltd
Unaudited accounts
for the year ended 31 March 2025
Life On Healthcare Ltd
Unaudited accounts
Contents
Life On Healthcare Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
62,427
56,869
Inventories
123,560
107,683
Debtors
1,049,028
1,083,267
Cash at bank and in hand
284,087
293,817
Creditors: amounts falling due within one year
(637,997)
(647,636)
Net current assets
818,678
837,131
Total assets less current liabilities
881,105
894,000
Creditors: amounts falling due after more than one year
(444,560)
(466,907)
Provisions for liabilities
Deferred tax
(9,161)
(10,805)
Net assets
427,384
416,288
Called up share capital
100
100
Profit and loss account
427,284
416,188
Shareholders' funds
427,384
416,288
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by
Mr Ganesh Krishna
Director
Company Registration No. 06838410
Life On Healthcare Ltd
Notes to the Accounts
for the year ended 31 March 2025
Life On Healthcare Ltd is a private company, limited by shares, registered in England and Wales, registration number 06838410. The registered office is Unit C, Arlington Building, Bow Quarter, FairField Road, London, E3 2UB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance basis
Computer equipment
Straight line over 3 years
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Life On Healthcare Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
94,839
4,111
98,950
Additions
18,111
2,815
20,926
At 31 March 2025
112,950
6,926
119,876
At 1 April 2024
38,336
3,745
42,081
Charge for the year
14,668
700
15,368
At 31 March 2025
53,004
4,445
57,449
At 31 March 2025
59,946
2,481
62,427
At 31 March 2024
56,503
366
56,869
Amounts falling due within one year
Trade debtors
27,906
134,660
Other debtors
1,021,122
906,619
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
566,514
407,442
Taxes and social security
19,584
33,633
Other creditors
422
180,107
Loans from directors
46,024
25,204
7
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
444,560
444,560
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).