Lessons 4 Life Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10681010 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Lessons 4 Life Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs A Middlemas

REGISTERED OFFICE:

Craven Park Training & Enterprise Centre

Preston Road

Hull

East Yorkshire

HU9 5HE

REGISTERED NUMBER:

10681010 (England and Wales)

ACCOUNTANTS:

Finnies Accountants Limited

Chartered Certified Accountants

4-6 Swaby's Yard

Walkergate

Beverley

East Yorkshire

HU17 9BZ

FIXED ASSETS

Tangible assets

4

519

739

CURRENT ASSETS

Debtors

5

818

17,742

Cash at bank and in hand

1,041

2,642

1,859

20,384

CREDITORS

Amounts falling due within one year

6

(2,069

)

(20,457

)

NET CURRENT LIABILITIES

(210

)

(73

)

TOTAL ASSETS LESS CURRENT LIABILITIES

309

666

RESERVES

Income and expenditure account

309

666

309

666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 surplus or deficit 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 director and authorised for issue on 17 June 2020 and were signed by:

Mrs A Middlemas - Director

1.	STATUTORY INFORMATION

Lessons 4 Life Limited is a private company, limited by guarantee , 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.

With the advent of the COVID-19 pandemic we are in uncertain times and the directors are mindful of the impact on the

future trading prospects for the company as it complies with the safety measures and emergency legislation recently

announced by the United Kingdom Government.

Clearly this will have an impact on the future viability of the company. We have therefore updated our trading

predictions based on the anticipated impact of a reduction in trade, whilst also having access to support currently being

offered by the United Kingdom Government. We believe that our assumptions are realistic based on evidence currently

available, and that the company will consequently have enough headroom within its liquid capital to continue for the

foreseeable future.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% pa on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2019

1,334

Additions

329

At 31 March 2020

1,663

DEPRECIATION

At 1 April 2019

595

Charge for year

549

At 31 March 2020

1,144

NET BOOK VALUE

At 31 March 2020

519

At 31 March 2019

739

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

256

17,742

VAT

562

-

818

17,742

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Social security and other

taxes

1,373

-

Directors' current accounts

22

12,388

Accrued expenses

674

8,069

2,069

20,457

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs A Middlemas.