Lifesmiths LLP

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

Registered number: OC303848

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		34,109		45,479

			34,109		45,479
CURRENT ASSETS
Debtors	6	13,149		-
Cash at bank and in hand		443,927		322,521

		457,076		322,521
Creditors: Amounts Falling Due Within One Year	7	(39,554 )		(64,111 )

NET CURRENT ASSETS (LIABILITIES)			417,522		258,410

TOTAL ASSETS LESS CURRENT LIABILITIES			451,631		303,889

Creditors: Amounts Falling Due After More Than One Year	8		-		(23,673 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			451,631		280,216

REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability		346,952		-
Other amounts		99,679		275,216

			446,631		275,216

Equity
Members' other interests
Members' capital		5,000		5,000

			5,000		5,000

			451,631		280,216

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			446,631		275,216
Members' other interests			5,000		5,000

			451,631		280,216

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Lifesmiths LLP

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

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

On behalf of the members

Mr James Smith

Partner

21/07/2026

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

1. General Information

Lifesmiths LLP is a limited liability partnership, incorporated in England & Wales, registered number OC303848 . The Registered Office is 78 The Broadway, Debden, Essex, IG10 3ST. The LLP changed its mame from David Smith Financial Services LLP on 26 June 2026

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in May 2024 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

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	25% per annum written down value
Motor Vehicles	25% per annum written down value
Fixtures & Fittings	10% per annum written down value
Computer Equipment	25% per annum straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and 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 LLP. 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 profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was:

	2026	2025
Office and administration	8	10

	8	10

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Lifesmiths LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	61,350

As at 31 March 2026	61,350

Amortisation
As at 1 April 2025	61,350

As at 31 March 2026	61,350

Net Book Value
As at 31 March 2026	-

As at 1 April 2025	-

5. Tangible Assets

	Land & Property
	Leasehold	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2025	51,475	62,002	20,894	37,977	172,348

As at 31 March 2026	51,475	62,002	20,894	37,977	172,348

Depreciation
As at 1 April 2025	51,474	27,126	17,176	31,093	126,869
Provided during the period	-	8,719	930	1,721	11,370

As at 31 March 2026	51,474	35,845	18,106	32,814	138,239

Net Book Value
As at 31 March 2026	1	26,157	2,788	5,163	34,109

As at 1 April 2025	1	34,876	3,718	6,884	45,479

6. Debtors

	2026	2025
	£	£
Due within one year
Prepayments and accrued income	13,149	-

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Lifesmiths LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	23,673	6,557
Trade creditors	1	-
Bank loans and overdrafts	-	10,267
Other creditors (DS)	9,380	39,380
Accruals and deferred income	6,500	7,907

	39,554	64,111

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

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	-	23,673

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	23,673	6,557
Later than one year and not later than five years	-	23,673

	23,673	30,230

	23,673	30,230

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