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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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1 SEPTEMBER 2016 TO 31 DECEMBER 2017 |
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FOR |
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LIFEBOOK LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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1 SEPTEMBER 2016 TO 31 DECEMBER 2017 |
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FOR |
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LIFEBOOK LIMITED |
LIFEBOOK LIMITED (REGISTERED NUMBER: 06307668) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 1 September 2016 to 31 December 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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LIFEBOOK LIMITED |
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COMPANY INFORMATION |
for the Period 1 September 2016 to 31 December 2017 |
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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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Herschel House |
58 Herschel Street |
Slough |
Berkshire |
SL1 1PG |
LIFEBOOK LIMITED (REGISTERED NUMBER: 06307668) |
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BALANCE SHEET |
31 December 2017 |
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31.12.17 | 31.8.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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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 |
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Share premium |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their responsibilities for: |
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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. |
LIFEBOOK LIMITED (REGISTERED NUMBER: 06307668) |
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BALANCE SHEET - continued |
31 December 2017 |
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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 on
by: |
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LIFEBOOK LIMITED (REGISTERED NUMBER: 06307668) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Period 1 September 2016 to 31 December 2017 |
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1. | STATUTORY INFORMATION |
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LifeBook Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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After making enquiries, the directors have a reasonable expectation that the company has adequate resources to |
continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period |
of at least twelve months from the date these financial statements were approved. Accordingly they continue to |
adopt the going concern basis in preparing the financial statements. |
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First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
These financial statements for the period ended 31 December 2017 are the first that are prepared in accordance |
with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the |
date of transition to FRS 102 Section 1A is 1 September 2015. |
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The company adopted FRS 102 for the accounting period ended 31 December 2017. There were no adjustments |
arising at the transition date or at the end of the comparative period, therefore there is no difference between |
equity under the previous financial reporting framework and equity under FRS 102. |
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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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Goodwill |
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Intangible assets |
Intangible assets are being amortised on a 20% straight line basis. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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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 balance sheet date. |
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LIFEBOOK LIMITED (REGISTERED NUMBER: 06307668) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 September 2016 to 31 December 2017 |
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2. | ACCOUNTING POLICIES - continued |
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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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 period end and that are expected to apply to the reversal of the |
timing difference. |
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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. |
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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 profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
Goodwill | assets | Totals |
£ | £ | £ |
COST |
At 1 September 2016 |
and 31 December 2017 |
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AMORTISATION |
At 1 September 2016 |
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Charge for period |
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At 31 December 2017 |
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NET BOOK VALUE |
At 31 December 2017 |
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At 31 August 2016 |
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LIFEBOOK LIMITED (REGISTERED NUMBER: 06307668) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 September 2016 to 31 December 2017 |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 September 2016 |
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Additions |
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At 31 December 2017 |
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DEPRECIATION |
At 1 September 2016 |
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Charge for period |
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At 31 December 2017 |
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NET BOOK VALUE |
At 31 December 2017 |
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At 31 August 2016 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.8.16 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.8.16 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors & accruals |
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8. | RELATED PARTY DISCLOSURES |
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In 2016 director R Moed made a loan to the company (£85,590), as at the period end 31 December 2017 the loan |
remains outstanding (£238,753) within other creditors. |
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9. | POST BALANCE SHEET EVENTS |
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There was a share allotment on 29th March 2018 for 196,663,182 shares at £0.0001 per share. There was no |
change in significant control. |
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10. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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