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Registered number: 02678113
LIFE ADVERTISING LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2025
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Life Advertising Ltd
Registered number: 02678113
Balance Sheet
As at 30 August 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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For the year ended 30 August 2025 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.
Members have not required the Company to obtain an audit for the year 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
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 comprehensive income 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 30 May 2026.
Page 1
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Life Advertising Ltd
Registered number: 02678113
Balance Sheet (continued)
As at 30 August 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
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Life Advertising Ltd
Notes to the Financial Statements
For the Year Ended 30 August 2025
Life Advertising Limited is a private limited company limited by shares, which is incorporated under the Companies Act 2006 and registered in England and Wales. Its registered office is Langtons, The Plaza, 100 Old Hall Street, Liverpool, L3 9QJ. The company number is 02678113.
These financial statements present information about the company as an individual undertaking.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
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, as below.
Depreciation is provided on the following basis:
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.
Page 3
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Life Advertising Ltd
Notes to the Financial Statements
For the Year Ended 30 August 2025
2.Accounting policies (continued)
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Cash and cash equivalents
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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.
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.
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Charge for the year on owned assets
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Page 4
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Life Advertising Ltd
Notes to the Financial Statements
For the Year Ended 30 August 2025
3.Tangible fixed assets (continued)
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The net book value of land and buildings may be further analysed as follows:
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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Page 5
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Life Advertising Ltd
Notes to the Financial Statements
For the Year Ended 30 August 2025
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Allotted, called up and fully paid
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7,500 (2024 - 7,500) Ordinary shares of £1.00 each
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Related party transactions
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Included in other creditors is a balance of £151,631 (2024: £133,955) owed from the company to the director Mr R E McGee. All transactions are at an arms length basis.
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The ultimate controlling party is Mr R E McGee by virtue of his 100% shareholding in the company.
Page 6
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