IRIS Accounts Production v18.3.0.592 06864286 Board of Directors 1.7.17 30.6.18 30.6.18 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure068642862017-06-30068642862018-06-30068642862017-07-012018-06-30068642862016-05-31068642862016-06-012017-06-30068642862017-06-3006864286ns15:EnglandWales2017-07-012018-06-3006864286ns14:PoundSterling2017-07-012018-06-3006864286ns10:Director12017-07-012018-06-3006864286ns10:PrivateLimitedCompanyLtd2017-07-012018-06-3006864286ns10:SmallEntities2017-07-012018-06-3006864286ns10:AuditExemptWithAccountantsReport2017-07-012018-06-3006864286ns10:SmallCompaniesRegimeForDirectorsReport2017-07-012018-06-3006864286ns10:SmallCompaniesRegimeForAccounts2017-07-012018-06-3006864286ns10:FullAccounts2017-07-012018-06-3006864286ns10:Director22017-07-012018-06-3006864286ns10:CompanySecretary12017-07-012018-06-3006864286ns10:RegisteredOffice2017-07-012018-06-3006864286ns5:CurrentFinancialInstruments2018-06-3006864286ns5:CurrentFinancialInstruments2017-06-3006864286ns5:ShareCapital2018-06-3006864286ns5:ShareCapital2017-06-3006864286ns5:RetainedEarningsAccumulatedLosses2018-06-3006864286ns5:RetainedEarningsAccumulatedLosses2017-06-3006864286ns5:PlantMachinery2017-07-012018-06-3006864286ns5:PlantMachinery2017-06-3006864286ns5:PlantMachinery2018-06-3006864286ns5:PlantMachinery2017-06-3006864286ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-06-3006864286ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-06-30


REGISTERED NUMBER: 06864286 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30th June 2018

for

LILY BELLE LTD

LILY BELLE LTD (REGISTERED NUMBER: 06864286)






Contents of the Financial Statements
for the Year Ended 30th June 2018




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


LILY BELLE LTD

Company Information
for the Year Ended 30th June 2018







DIRECTORS: K King
P Waters-Coles





SECRETARY:





REGISTERED OFFICE: 14 Queens Road
Hersham
Walton on Thames
Surrey
KT12 5LS





REGISTERED NUMBER: 06864286 (England and Wales)





ACCOUNTANTS: Byrne Palmer & Co
Chartered Accountants
14 Queens Road
Hersham
Walton on Thames
Surrey
KT12 5LS

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Lily Belle Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Lily Belle Ltd for the year ended 30th June 2018 which comprise the Income Statement, Balance
Sheet and the related notes from the company's accounting records and from information and explanations you have
given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Lily Belle Ltd, as a body, in accordance with the terms of our engagement letter dated 18th July 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Lily Belle Ltd and state those matters that we have agreed to state to the Board of Directors of Lily Belle Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lily Belle Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lily Belle Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Lily Belle Ltd. You consider that Lily Belle Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lily Belle Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Byrne Palmer & Co
Chartered Accountants
14 Queens Road
Hersham
Walton on Thames
Surrey
KT12 5LS


Date: .............................................

LILY BELLE LTD (REGISTERED NUMBER: 06864286)

Balance Sheet
30th June 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,391 32,727

CURRENT ASSETS
Stocks 79,130 119,270
Debtors 5 34,258 38,702
Cash at bank and in hand 162,358 183,967
275,746 341,939
CREDITORS
Amounts falling due within one year 6 20,990 41,089
NET CURRENT ASSETS 254,756 300,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

282,147

333,577

PROVISIONS FOR LIABILITIES 5,204 6,218
NET ASSETS 276,943 327,359

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 276,843 327,259
SHAREHOLDERS' FUNDS 276,943 327,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2018 in accordance with Section 476 of the Companies Act 2006.

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.

LILY BELLE LTD (REGISTERED NUMBER: 06864286)

Balance Sheet - continued
30th June 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 12th October 2018 and were signed on its behalf
by:





P Waters-Coles - Director


LILY BELLE LTD (REGISTERED NUMBER: 06864286)

Notes to the Financial Statements
for the Year Ended 30th June 2018

1. STATUTORY INFORMATION

Lily Belle Ltd is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts receivable for goods supplied net of VAT. 97.1% of sales relate to the UK
market.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Financial instruments
The company only enters into basic financial transactions that result in the recognition of financial assets and
liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to
related parties and investments in non-puttable ordinary shares

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other
accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently
at amortised cost using the effective interest method. Debt instruments that are payable or relivable within one
year, typically trade debtors and creditors, are measured. initially and subsequently, at the undiscounted amount
of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term
instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business
terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at
market rate, the financial asset or liability is measured, initially , at the present value of the future cash flow
discounted at a market rate of interest for similar debt instrument and subsequently at amotised cost.

Financial asset's that are measured at cost and amortised cost are assessed at the end of each reporting period for
objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is
recognised in the Statement of Comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an
asset's carrying amount and the net present value of estimated cash flows discounted at the asset's original
effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any
impairment loss is the current effective interest rate determined under the contract.

Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when
there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or
to realise the asset and settle the liability simultaneously.


LILY BELLE LTD (REGISTERED NUMBER: 06864286)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2018

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

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 year end and that are expected to apply to the reversal of the
timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2017 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st July 2017 108,447
Additions 12,500
At 30th June 2018 120,947
DEPRECIATION
At 1st July 2017 75,720
Charge for year 17,836
At 30th June 2018 93,556
NET BOOK VALUE
At 30th June 2018 27,391
At 30th June 2017 32,727

LILY BELLE LTD (REGISTERED NUMBER: 06864286)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2018

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 12,718 17,180
Other debtors 21,540 21,522
34,258 38,702

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 12,371 9,979
Taxation and social security 4,561 25,384
Other creditors 4,058 5,726
20,990 41,089

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 (2017 - £60,000) were paid to the directors .

8. ULTIMATE CONTROLLING PARTY

The two directors control the company.