Life&Soul Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10649698

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		229,749		73,191
Investments	5		400		400

			230,149		73,591
CURRENT ASSETS
Stocks	6	1,231		1,187
Debtors	7	775,068		561,224
Cash at bank and in hand		51,903		1,557

		828,202		563,968
Creditors: Amounts Falling Due Within One Year	8	(643,583 )		(459,766 )

NET CURRENT ASSETS (LIABILITIES)			184,619		104,202

TOTAL ASSETS LESS CURRENT LIABILITIES			414,768		177,793

Creditors: Amounts Falling Due After More Than One Year	9		(167,444 )		(97,619 )

NET ASSETS			247,324		80,174

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			247,224		80,074

SHAREHOLDERS' FUNDS			247,324		80,174

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Life&Soul Ltd

Balance Sheet (continued)

As At 31 March 2025

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Martin Holmes

Director

31/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Life&Soul Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10649698 . The registered office is 18 Lawton Street, Congleton, CW12 1RP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	5% Straight Line
Plant & Machinery	15% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	25% Reducing Balance
Computer Equipment	15% Reducing Balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 5)

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Life&Soul Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 April 2024	950	299	18,001	101,675
Additions	-	3,720	44,000	111,485

As at 31 March 2025	950	4,019	62,001	213,160

Depreciation
As at 1 April 2024	302	217	5,444	44,985
Provided during the period	47	150	3,139	10,903

As at 31 March 2025	349	367	8,583	55,888

Net Book Value
As at 31 March 2025	601	3,652	53,418	157,272

As at 1 April 2024	648	82	12,557	56,690


	Computer Equipment	Total
	£	£
Cost
As at 1 April 2024	8,993	129,918
Additions	12,546	171,751

As at 31 March 2025	21,539	301,669

Depreciation
As at 1 April 2024	5,779	56,727
Provided during the period	954	15,193

As at 31 March 2025	6,733	71,920

Net Book Value
As at 31 March 2025	14,806	229,749

As at 1 April 2024	3,214	73,191

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 April 2024	400

As at 31 March 2025	400

Provision
As at 1 April 2024	-

As at 31 March 2025	-

...CONTINUED

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Life&Soul Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	400

As at 1 April 2024	400

6. Stocks

	2025	2024
	£	£
Stock	1,231	1,187

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	169,927	107,207
Other debtors	605,141	454,017

	775,068	561,224

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	12,210	-
Trade creditors	159,020	79,659
Other creditors	437,920	365,834
Taxation and social security	34,433	14,273

	643,583	459,766

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	28,790	-
Bank loans	138,654	97,619

	167,444	97,619

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	12,210	-
Later than one year and not later than five years	28,790	-

	41,000	-

	41,000	-

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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