Life and Progress Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 09966183

		2026		2025 as restated
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	5		8,805		1,460
Tangible Assets	6		2,434		61,944

			11,239		63,404
CURRENT ASSETS
Debtors	7	100,255		80,299
Cash at bank and in hand		36,500		59,191

		136,755		139,490
Creditors: Amounts Falling Due Within One Year	8	(304,722 )		(280,812 )

NET CURRENT ASSETS (LIABILITIES)			(167,967 )		(141,322 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(156,728 )		(77,918 )

Creditors: Amounts Falling Due After More Than One Year	9		-		(64,160 )

NET LIABILITIES			(156,728 )		(142,078 )

CAPITAL AND RESERVES
Called up share capital	11		200		200
Income Statement			(156,928 )		(142,278 )

SHAREHOLDERS' FUNDS			(156,728)		(142,078)

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Life and Progress Limited

Statement of Financial Position (continued)

As At 31 January 2026

For the year ending 31 January 2026 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 Income Statement.

On behalf of the board

Mr S Hurley Smith

Director

23 July 2026

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

1. General Information

Life and Progress Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09966183 . The registered office is 3 & 4 Pegasus House, Pegasus Court, Olympus Avenue, Warwick, Warwickshire, CV34 6LW.

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. Going Concern Disclosure

The financial statements have been prepared on the going concern basis, on the understanding that the directors will continue to financially support the company.

2.3. 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.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are in relation to a previous Website development. It has been amortised to the income statement over its estimated economic life of 5 years.

The new Website will be ammortised from the date it is bought into use.

2.5. 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:

Motor Vehicles	20% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	33% on cost

2.6. 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 income statement 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 income statement as incurred.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the was: 12 (2025: 10)

4. Prior Period Adjustment

During the year, the company identified an error in the recognition of other interest payable in the financial statements for the year ended 31 January 2026. The error has been corrected by restating the comparative figures. The adjustment decreased costs for the prior year, with a net increase to retained earnings of £13,700. The opening balance of retained earnings at 1 February 2025 has been adjusted accordingly. Comparative figures have been restated where necessary.

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Life and Progress Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

5. Intangible Assets

	Other Intangibles
	£
Cost
As at 1 February 2025	7,300
Additions	9,205

As at 31 January 2026	16,505

Amortisation
As at 1 February 2025	5,840
Provided during the period	1,860

As at 31 January 2026	7,700

Net Book Value
As at 31 January 2026	8,805

As at 1 February 2025	1,460

6. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2025	93,975	1,413	16,903	112,291
Additions	-	-	2,718	2,718
Disposals	(93,975 )	-	-	(93,975 )

As at 31 January 2026	-	1,413	19,621	21,034

Depreciation
As at 1 February 2025	33,831	958	15,558	50,347
Provided during the period	-	114	1,970	2,084
Disposals	(33,831 )	-	-	(33,831 )

As at 31 January 2026	-	1,072	17,528	18,600

Net Book Value
As at 31 January 2026	-	341	2,093	2,434

As at 1 February 2025	60,144	455	1,345	61,944

7. Debtors

	2026	2025 as restated
	£	£
Due within one year
Trade debtors	96,773	73,990
Other debtors	3,482	6,309

	100,255	80,299

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Life and Progress Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

8. Creditors: Amounts Falling Due Within One Year

	2026	2025 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	-	9,172
Trade creditors	79,332	118,555
Other creditors	179,474	117,900
Taxation and social security	45,916	35,185

	304,722	280,812

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

	2026	2025 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	-	64,160

10. Obligations Under Finance Leases and Hire Purchase

	2026	2025 as restated
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	9,172
Later than one year and not later than five years	-	64,160

	-	73,332

	-	73,332

11. Share Capital

	2026	2025 as restated
	£	£
Allotted, Called up and fully paid	200	200

12. Ultimate Controlling Party

The controlling party is Mr S Hurley - Smith.

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