REGISTERED NUMBER:
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ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 APRIL 2022 TO 28 FEBRUARY 2023 |
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LIFESTYLE BOAT SOLUTIONS LIMITED |
REGISTERED NUMBER:
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ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 APRIL 2022 TO 28 FEBRUARY 2023 |
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FOR |
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LIFESTYLE BOAT SOLUTIONS LIMITED |
LIFESTYLE BOAT SOLUTIONS LIMITED (REGISTERED NUMBER: 10667649) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2022 TO 28 FEBRUARY 2023 |
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Page |
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Company Information | 1 |
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Abridged Statement of Financial Position | 2 |
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Statement of Changes in Equity | 4 |
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Notes to the Financial Statements | 5 |
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LIFESTYLE BOAT SOLUTIONS LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 1 APRIL 2022 TO 28 FEBRUARY 2023 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
www.michaelfiliou.com |
Salisbury House |
81 High Street |
Potters Bar |
Hertfordshire |
EN6 5AS |
LIFESTYLE BOAT SOLUTIONS LIMITED (REGISTERED NUMBER: 10667649) |
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
28 FEBRUARY 2023 |
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2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
LIFESTYLE BOAT SOLUTIONS LIMITED (REGISTERED NUMBER: 10667649) |
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ABRIDGED STATEMENT OF FINANCIAL POSITION - continued |
28 FEBRUARY 2023 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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LIFESTYLE BOAT SOLUTIONS LIMITED (REGISTERED NUMBER: 10667649) |
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STATEMENT OF CHANGES IN EQUITY |
FOR THE PERIOD 1 APRIL 2022 TO 28 FEBRUARY 2023 |
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Called up |
share | Retained | Total |
capital | earnings | equity |
£ | £ | £ |
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Balance at 1 April 2021 |
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Changes in equity |
Total comprehensive income | - | ( |
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Balance at 31 March 2022 |
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Changes in equity |
Total comprehensive income | - |
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Balance at 28 February 2023 |
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LIFESTYLE BOAT SOLUTIONS LIMITED (REGISTERED NUMBER: 10667649) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2022 TO 28 FEBRUARY 2023 |
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1. | STATUTORY INFORMATION |
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Lifestyle Boat Solutions Ltd is a limited company, limited by shares, registered in England and Wales. The company's registered number is 10667649 and registered office address is c/o Michael Filiou Ltd, Salisbury House, 81 High Street, Potters Bar, Hertfordshire EN6 5AS. |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements have been prepared under the historical cost convention. |
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The financial statements are presented in Sterling (£) which is the functional currency of the company. |
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Significant judgements and estimates |
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
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The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods. |
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There were no judgements and estimates that had significant effect on the amounts recognised in the financial statements. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
LIFESTYLE BOAT SOLUTIONS LIMITED (REGISTERED NUMBER: 10667649) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 APRIL 2022 TO 28 FEBRUARY 2023 |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
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Ordinary | £0.02 | 5 | 1 | 1 |
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6. | ULTIMATE CONTROLLING PARTY |
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There is no one ultimate controlling party. |