REGISTERED NUMBER: 04346440 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Lifeline I.T. Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A D Woolf

D G Mitchell

Mrs P A Alford-Burnett

REGISTERED OFFICE:

Second Floor, Kirkland House

11-15 Peterborough Road

Harrow

Middlesex

HA1 2AX

REGISTERED NUMBER:

04346440 (England and Wales)

ACCOUNTANTS:

Grant Harrod Lerman Davis LLP

Chartered Accountants

Second Floor, Kirkland House

11-15 Peterborough Road

Harrow

Middlesex

HA1 2AX

FIXED ASSETS

Tangible assets

4

491,727

494,367

Investments

5

100

100

491,827

494,467

CURRENT ASSETS

Stocks

3,338

3,338

Debtors

6

582,995

543,622

Cash at bank and in hand

39,102

39,992

625,435

586,952

CREDITORS

Amounts falling due within one year

7

(849,629

)

(809,073

)

NET CURRENT LIABILITIES

(224,194

)

(222,121

)

TOTAL ASSETS LESS CURRENT LIABILITIES

267,633

272,346

CREDITORS

Amounts falling due after more than one year

8

(81,042

)

(104,377

)

NET ASSETS

186,591

167,969

CAPITAL AND RESERVES

Called up share capital

222

222

Revaluation reserve

9

156,701

156,701

Retained earnings

29,668

11,046

SHAREHOLDERS' FUNDS

186,591

167,969

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2026 and were signed on its behalf by:

A D Woolf - Director

D G Mitchell - Director

1.	STATUTORY INFORMATION

Lifeline I.T. Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The company meets its day to day working requirements through an overdraft facility which is repayable on demand and through the continuing support of the directors.

The directors have indicated their willingness to continue to support the company. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Turnover

Turnover represents income receivable for the year, excluding value added tax.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2025 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 April 2025

and 31 March 2026

400,000

99,254

100,535

599,789

DEPRECIATION

At 1 April 2025

-

66,329

39,093

105,422

Charge for year

-

2,640

-

2,640

At 31 March 2026

-

68,969

39,093

108,062

NET BOOK VALUE

At 31 March 2026

400,000

30,285

61,442

491,727

At 31 March 2025

400,000

32,925

61,442

494,367

Cost or valuation at 31 March 2026 is represented by:

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

Valuation in 2008

31,701

-

-

31,701

Valuation in 2019

125,000

-

-

125,000

Cost

243,299

99,254

100,535

443,088

400,000

99,254

100,535

599,789

If freehold property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

243,299

243,299

Value of land in freehold land and buildings

400,000

400,000

Freehold property was valued on an open market basis on 31 March 2019 by directors of the company .

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2025

and 31 March 2026

100

NET BOOK VALUE

At 31 March 2026

100

At 31 March 2025

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

85,848

109,733

Other debtors

443,356

387,402

Prepayments and accrued income

53,791

46,487

582,995

543,622

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

246,818

148,821

Trade creditors

247,860

260,228

Tax

134,976

129,554

Social security and other taxes

25,081

13,557

VAT

150,727

104,145

Other creditors

44,167

152,768

849,629

809,073

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

16,327

22,890

Bank loans - 2-5 years

28,246

36,608

Bank loans more 5 yr by instal

36,469

44,879

81,042

104,377

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

36,469

44,879

9.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

156,701

10.	ULTIMATE CONTROLLING PARTY

The company was under the control of the directors and shareholders throughout the current period.