Company Registration No. 05147370 (England and Wales)
LILTRANS LIMITED
Unaudited accounts
for the year ended 30 June 2023
LILTRANS LIMITED
Unaudited accounts
Contents
LILTRANS LIMITED
Company Information
for the year ended 30 June 2023
Company Number
05147370 (England and Wales)
Registered Office
18 HARRIS WAY, LEE MILL BRIDGE
NR IVYBRIDGE
DEVON
PL21 9EU
Accountants
MCADAM & CO LTD
36 Highglen Drive
Plymouth
PL7 5LA
LILTRANS LIMITED
Statement of financial position
as at 30 June 2023
Tangible assets
172,251
121,488
Cash at bank and in hand
83,246
56,490
Creditors: amounts falling due within one year
(172,098)
(108,232)
Net current assets
39,939
60,720
Total assets less current liabilities
212,190
182,208
Creditors: amounts falling due after more than one year
(162,603)
(132,800)
Called up share capital
100
100
Profit and loss account
49,487
49,308
Shareholders' funds
49,587
49,408
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2023 and were signed on its behalf by
TRACY EDWARDS
Director
Company Registration No. 05147370
LILTRANS LIMITED
Notes to the Accounts
for the year ended 30 June 2023
LILTRANS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05147370. The registered office is 18 HARRIS WAY, LEE MILL BRIDGE, NR IVYBRIDGE, DEVON, PL21 9EU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
LILTRANS LIMITED
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2022
180,510
-
180,510
Additions
88,575
807
89,382
At 30 June 2023
269,085
807
269,892
At 1 July 2022
59,022
-
59,022
Charge for the year
37,812
807
38,619
At 30 June 2023
96,834
807
97,641
At 30 June 2023
172,251
-
172,251
At 30 June 2022
121,488
-
121,488
Amounts falling due within one year
Trade debtors
120,241
103,962
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
36,540
27,873
Taxes and social security
72,343
42,397
Loans from directors
62,415
37,187
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
123,251
87,893
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
LILTRANS LIMITED
Notes to the Accounts
for the year ended 30 June 2023
9
Operating lease commitments
2023
2022
At 30 June 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
4
4
10
Average number of employees
During the year the average number of employees was 28 (2022: 16).