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REGISTERED NUMBER: 09239831 (England and Wales)















REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

LOLLI'S BROMLEY LIMITED

LOLLI'S BROMLEY LIMITED (Registered number: 09239831)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2022




Page

Company Information 1

Report of the Director 2

Statement of Income and Retained Earnings 3

Statement of Financial Position 4

Notes to the Financial Statements 6


LOLLI'S BROMLEY LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2022







DIRECTOR: D Springer



REGISTERED OFFICE: The Annexe, Minerva House
Bordyke
Tonbridge
Kent
TN9 1NR



REGISTERED NUMBER: 09239831 (England and Wales)



ACCOUNTANTS: Bennett & Co
The Annexe, Minerva House
Bordyke
Tonbridge
Kent
TN9 1NR



BANKERS: National Westminster Bank PLC

LOLLI'S BROMLEY LIMITED (Registered number: 09239831)

REPORT OF THE DIRECTOR
for the Year Ended 31 DECEMBER 2022

The director presents his report with the financial statements of the company for the year ended 31 December 2022.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of retail sales of confectionery.

DIVIDENDS
An interim dividend of £160 per share was paid on 31 December 2022. The director recommends that no final dividend be paid.

The total distribution of dividends for the year ended 31 December 2022 will be £ 16,000 .

DIRECTOR
D Springer held office during the whole of the period from 1 January 2022 to the date of this report.

ON BEHALF OF THE BOARD:





D Springer - Director


21 September 2023

LOLLI'S BROMLEY LIMITED (Registered number: 09239831)

STATEMENT OF INCOME AND
RETAINED EARNINGS
for the Year Ended 31 DECEMBER 2022

31.12.22 31.12.21
Notes £    £   

TURNOVER 3 315,284 279,173

Cost of sales 198,386 184,517
GROSS PROFIT 116,898 94,656

Administrative expenses 109,514 79,363
7,384 15,293

Other operating income - 19,178
OPERATING PROFIT 7,384 34,471


Interest payable and similar expenses 265 154
PROFIT BEFORE TAXATION 5 7,119 34,317

Tax on profit 6 1,498 5,404
PROFIT FOR THE FINANCIAL YEAR 5,621 28,913

Retained earnings at beginning of year 11,426 513

Dividends 7 (16,000 ) (18,000 )

RETAINED EARNINGS AT END OF
YEAR

1,047

11,426

LOLLI'S BROMLEY LIMITED (Registered number: 09239831)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 32,450 35,950

CURRENT ASSETS
Stocks 9 13,250 12,600
Debtors 10 10,590 10,767
Cash at bank and in hand 24,646 55,943
48,486 79,310
CREDITORS
Amounts falling due within one year 11 31,725 25,213
NET CURRENT ASSETS 16,761 54,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,211

90,047

CREDITORS
Amounts falling due after more than one year 12 48,064 78,521
NET ASSETS 1,147 11,526

CAPITAL AND RESERVES
Called up share capital 13 100 100
Retained earnings 14 1,047 11,426
SHAREHOLDERS' FUNDS 1,147 11,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

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.

LOLLI'S BROMLEY LIMITED (Registered number: 09239831)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2022


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 21 September 2023 and were signed by:





D Springer - Director


LOLLI'S BROMLEY LIMITED (Registered number: 09239831)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2022

1. STATUTORY INFORMATION

LOLLI'S BROMLEY LIMITED 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Over the term ot the Lease.
Plant and machinery etc - 20% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

LOLLI'S BROMLEY LIMITED (Registered number: 09239831)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2022

4. EMPLOYEES AND DIRECTORS
31.12.22 31.12.21
£    £   
Wages and salaries 76,783 67,175
Other pension costs 523 448
77,306 67,623

The average number of employees during the year was as follows:
31.12.22 31.12.21

Sales 10 7
Administration 2 2
12 9

31.12.22 31.12.21
£    £   
Director's remuneration 12,000 11,430

5. PROFIT BEFORE TAXATION

The profit is stated after charging:

31.12.22 31.12.21
£    £   
Depreciation - owned assets 5,012 8,204

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.12.22 31.12.21
£    £   
Current tax:
UK corporation tax 1,498 5,404
Tax on profit 1,498 5,404

7. DIVIDENDS
31.12.22 31.12.21
£    £   
Ordinary shares of 1 each
Interim 16,000 18,000

LOLLI'S BROMLEY LIMITED (Registered number: 09239831)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2022

8. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2022 9,386 48,836 14,800 73,022
Additions - 1,512 - 1,512
At 31 December 2022 9,386 50,348 14,800 74,534
DEPRECIATION
At 1 January 2022 3,936 27,136 6,000 37,072
Charge for year 600 3,212 1,200 5,012
At 31 December 2022 4,536 30,348 7,200 42,084
NET BOOK VALUE
At 31 December 2022 4,850 20,000 7,600 32,450
At 31 December 2021 5,450 21,700 8,800 35,950

9. STOCKS
31.12.22 31.12.21
£    £   
Stocks 13,250 12,600

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Prepayments and other debtors 10,590 10,767

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 8,676 6,451
Taxation and social security 15,394 13,364
Other creditors 7,655 5,398
31,725 25,213

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans 17,028 22,087
Other creditors 31,036 56,434
48,064 78,521

LOLLI'S BROMLEY LIMITED (Registered number: 09239831)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2022

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
100 Ordinary 1 100 100

14. RESERVES
Retained
earnings
£   

At 1 January 2022 11,426
Profit for the year 5,621
Dividends (16,000 )
At 31 December 2022 1,047