The Life of Riley Group Ltd

The Life of Riley Group Ltd

THE LIFE OF RILEY GROUP LTD - Company Information

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Company Registration No. 10760469 (England and Wales)
The Life of Riley Group Ltd Unaudited accounts for the year ended 31 July 2021
The Life of Riley Group Ltd Unaudited accounts Contents
Page
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The Life of Riley Group Ltd Company Information for the year ended 31 July 2021
Director
Samuel Riley
Company Number
10760469 (England and Wales)
Registered Office
SUITE 10, THE GALLERY BARTON ROAD WORSLEY MANCHESTER M28 2EB ENGLAND
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The Life of Riley Group Ltd Statement of financial position as at 31 July 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
- 
24,633 
Current assets
Debtors
5
5,000 
5,000 
Cash at bank and in hand
17,068 
41,042 
22,068 
46,042 
Creditors: amounts falling due within one year
6
12,600 
(83,030)
Net current assets/(liabilities)
34,668 
(36,988)
Total assets less current liabilities
34,668 
(12,355)
Creditors: amounts falling due after more than one year
7
(399,422)
(294,555)
Net liabilities
(364,754)
(306,910)
Capital and reserves
Profit and loss account
(364,754)
(306,910)
Shareholders' funds
(364,754)
(306,910)
For the year ending 31 July 2021 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 July 2022 and were signed on its behalf by
Samuel Riley Director Company Registration No. 10760469
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The Life of Riley Group Ltd Notes to the Accounts for the year ended 31 July 2021
1
Statutory information
The Life of Riley Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 10760469. The registered office is SUITE 10, THE GALLERY BARTON ROAD, WORSLEY, MANCHESTER, M28 2EB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2020
98,534 
At 31 July 2021
98,534 
Depreciation
At 1 August 2020
73,901 
Charge for the year
24,633 
At 31 July 2021
98,534 
Net book value
At 31 July 2021
- 
At 31 July 2020
24,633 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Debtors: amounts falling due after more than one year
Amounts due from group undertakings etc.
5,000 
5,000 
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The Life of Riley Group Ltd Notes to the Accounts for the year ended 31 July 2021
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
- 
150 
Taxes and social security
(100)
(100)
Loans from directors
(12,500)
82,980 
(12,600)
83,030 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
30,000 
30,000 
Amounts owed to group undertakings and other participating interests
369,422 
264,555 
399,422 
294,555 
8
Loans to directors
9
Average number of employees
During the year the average number of employees was 0 (2020: 0).
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