REGISTERED NUMBER: 10702388 (England and Wales)

LYFE SOCIAL LIMITED

Unaudited Financial Statements

for the Year Ended 30 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J D Hooper

Mrs S V Hooper

REGISTERED OFFICE:

Higher Dunishbooth Farm

Smallshaw Road

Rochdale

OL12 6BH

REGISTERED NUMBER:

10702388 (England and Wales)

ACCOUNTANTS:

SCCA Limited T/a Stafford & Co

Chartered Accountants

3 The Studios

320 Chorley Old Road

Bolton

Lancashire

BL1 4JU

FIXED ASSETS

Tangible assets

4

8,066

4,000

CURRENT ASSETS

Debtors

5

500

3,747

Cash at bank and in hand

1,565

567

2,065

4,314

CREDITORS

Amounts falling due within one year

6

6,565

6,081

NET CURRENT LIABILITIES

(4,500

)

(1,767

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,566

2,233

CREDITORS

Amounts falling due after more than one year

7

467

1,507

NET ASSETS

3,099

726

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

3,098

725

3,099

726

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

J D Hooper - Director

1.	STATUTORY INFORMATION

Lyfe Social Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31 March 2024

6,000

Additions

9,099

At 30 March 2025

15,099

DEPRECIATION

At 31 March 2024

2,000

Charge for year

5,033

At 30 March 2025

7,033

NET BOOK VALUE

At 30 March 2025

8,066

At 30 March 2024

4,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

500

1,009

Other debtors

-

2,738

500

3,747

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,039

1,013

Trade creditors

1,320

547

Taxation and social security

2,671

4,521

Other creditors

1,535

-

6,565

6,081

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

467

1,507

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 March 2025 and the period ended 30 March 2024:

2025

2024

£

£

J D Hooper

Balance outstanding at start of year

2,737

6,771

Amounts advanced

23,578

23,541

Amounts repaid

(27,731

)

(27,575

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,416

)

2,737

9.	ULTIMATE CONTROLLING PARTY

The controlling party is J D Hooper.