Lifecast Limited - Accounts

Lifecast Limited
Statement of Financial Position
As at 31 January 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	1,397	4,915
		1,397	4,915
Current assets
Stocks	4	30,000	30,000
Debtors	5	36,826	32,247
Cash at bank and in hand		(9,729)	2,377
		57,097	64,624
Creditors: amount falling due within one year	6	(65,540)	(60,748)
Net current assets		(8,443)	3,876

Total assets less current liabilities		(7,046)	8,791
Creditors: amount falling due after more than one year	7	(205,000)	(85,000)
Net assets		(212,046)	(76,209)

Capital and reserves
Called up share capital	8	99	99
Profit and loss account		(212,145)	(76,308)
Shareholders' funds		(212,046)	(76,209)

For the year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 14 May 2026 and were signed by:

-------------------------------
Mr J Schoonraad
Director

Lifecast Limited
Notes to the Financial Statements
For the year ended 31 January 2026

General Information

Lifecast Limited is a private company, limited by shares, registered in England and Wales, registration number 04651865, registration address Workshop 6 Elstree Film and TV Studios, Shenley Road, Borehamwood, Hertfordshire, WD6 1JG.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention.

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

Going concern basis

The company incurred a loss of £135,837 during the year ended 31st January 2026 and, at that date, had net current liabilities of £8,443 and net liabilities of £212,046.

The director continues to closely review the companys operational structure and implement measures intended to improve profitability and cash flow. In the meantime, the company continues to be financially supported by the director, and he does not intend to seek repayment of sums due within the foreseeable future.

Having considered cash flow forecasts and the ongoing support available to the company, the director believes that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on the going concern basis.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	50% Straight Line
Fixtures and Fittings	25% Straight Line
Computer Equipment	33% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 0 (2025 : 0).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£
At 01 February 2025	45,602	1,318	7,307	54,227
Additions	-	-	-	-
Disposals	-	-	-	-
At 31 January 2026	45,602	1,318	7,307	54,227
Depreciation
At 01 February 2025	44,849	659	3,804	49,312
Charge for year	753	329	2,436	3,518
On disposals	-	-	-	-
At 31 January 2026	45,602	988	6,240	52,830
Net book values
Closing balance as at 31 January 2026	-	330	1,067	1,397
Opening balance as at 01 February 2025	753	659	3,503	4,915

Stocks

	2026 £		2025 £
Stocks	30,000		30,000
	30,000		30,000

Debtors: amounts falling due within one year

	2026 £	2025 £
Trade Debtors	33,660	20,165
Other Debtors	3,166	12,082
	36,826	32,247

Creditors: amount falling due within one year

	2026 £	2025 £
Trade Creditors	60,153	18,567
Other Creditors	3,473	36,033
VAT	1,914	6,148
	65,540	60,748

Creditors: amount falling due after more than one year

	2026 £		2025 £
Other Creditors	205,000		85,000
	205,000		85,000

Share Capital

Authorised
99 Ordinary shares of £1.00 each

Allotted, called up and fully paid	2026 £		2025 £
99 Ordinary shares of £1.00 each	99		99
	99		99

Related parties

During the year the company entered into the following transactions with related parties:

	Transaction value - income/(expenses)				Balance owed by/(owed to)
	2026 £		2025 £		2026 £		2025 £
Mr J Schoonraad	0		0		(205,038)		(117,754)