LIFESPIRIT CONSULTANCY LIMITED - Accounts

LIFESPIRIT CONSULTANCY LIMITED - Accounts

LIFESPIRIT FITNESS LTD - Company Information

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Registered Number: 06598838
England and Wales

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 31 May 2023

for

LIFESPIRIT CONSULTANCY LIMITED

LIFESPIRIT CONSULTANCY LIMITED
Statement of financial position
As at 31 May 2023
 
 		  
£		 2023
£		    
£		 2022
£
Fixed assets 25,634  31,919 
Current assets 442,296  508,965 
Creditors: amount falling due within one year (72,367) (126,166)
Net current assets 369,929  382,799 
Total assets less current liabilities 395,563  414,718 
Creditors: amount falling due after more than one year (38,250) (42,750)
Net assets 357,313  371,968 
 
Capital and reserves 357,313  371,968 
 
  1. For the year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Sanjeev Chughwani
Director

Date approved: 09 August 2023
1

LIFESPIRIT CONSULTANCY LIMITED
Notes to the accounts
For the year ended 31 May 2023

Statutory Information
LIFESPIRIT CONSULTANCY LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 06598838, registration address 12 Aster Gardens, Littleover, Derby, DE23 3UA, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 Machinery15% Reducing Balance
Motor Vehicles20% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Tangible fixed assets

Cost or Valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 June 2022 21,396    123,417    144,813 
Additions -    -    - 
Disposals -    -    - 
At 31 May 2023 21,396    123,417    144,813 
Depreciation
At 01 June 2022 19,406    93,488    112,894 
Charge for year 299    5,986    6,285 
On disposals -    -    - 
At 31 May 2023 19,705    99,474    119,179 
Net book values
Closing balance as at 31 May 2023 1,691    23,943    25,634 
Opening balance as at 01 June 2022 1,990    29,929    31,919 

3.

Average number of employees

Average number of employees during the year was 1  (2022: 1).
2