REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 JANUARY 2016 |
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FOR |
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THE LIFETIME SIPP COMPANY LTD |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 JANUARY 2016 |
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FOR |
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THE LIFETIME SIPP COMPANY LTD |
THE LIFETIME SIPP COMPANY LTD (REGISTERED NUMBER: 02455807) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JANUARY 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
THE LIFETIME SIPP COMPANY LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JANUARY 2016 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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THE LIFETIME SIPP COMPANY LTD (REGISTERED NUMBER: 02455807) |
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ABBREVIATED BALANCE SHEET |
31 JANUARY 2016 |
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31.1.16 | 31.1.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
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The financial statements were approved by the director on
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THE LIFETIME SIPP COMPANY LTD (REGISTERED NUMBER: 02455807) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JANUARY 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in |
accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover comprises the invoices value of goods and services supplied by the company, exclusive of |
value added tax and trade discounts. |
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Tangible fixed assets |
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Computer equipment | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
at the balance sheet date. |
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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 the profit and loss account in the period to which they |
relate. |
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Finance lease agreements |
Where the company enters into a lease which entails taking substantially all the risks and rewards |
of ownership of an asset, the lease is treated as a finance lease. The asset is recorded in the |
balance sheet as a tangible fixed asset and is depreciated in accordance with the above |
depreciation policies. Future instalments under such leases, net of finance charges, are included |
with creditors. Rentals payable are apportioned between the finance element which is charged to |
the profit and loss account on a straight line basis, and the capital element which reduces the |
outstanding obligation for future instalments. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 February 2015 |
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Additions |
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At 31 January 2016 |
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DEPRECIATION |
At 1 February 2015 |
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Charge for year |
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At 31 January 2016 |
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NET BOOK VALUE |
At 31 January 2016 |
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At 31 January 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.16 | 31.1.15 |
value: | £ | £ |
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Ordinary | 1 |
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THE LIFETIME SIPP COMPANY LTD (REGISTERED NUMBER: 02455807) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2016 |
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4. | ULTIMATE PARENT UNDERTAKING |
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The Lifetime SIPP Company Ltd is wholly owned by the Company Director Mr R A L Hooper. |