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REGISTERED NUMBER: SC495833 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

LILY ROADMARKINGS LTD

LILY ROADMARKINGS LTD (REGISTERED NUMBER: SC495833)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LILY ROADMARKINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: A Grimm
Miss T Mullen





REGISTERED OFFICE: 46 Cairnswell Avenue
Cambuslang
Glasgow
G72 8SW





REGISTERED NUMBER: SC495833 (Scotland)





ACCOUNTANT: John Murphy & Company (Scotland) Limited
Chartered Accountants
Castle Chambers
67 Main Street
Bothwell
Lanarkshire
G71 8ER

LILY ROADMARKINGS LTD (REGISTERED NUMBER: SC495833)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,198 7,663

CURRENT ASSETS
Debtors 5 99,981 111,966
Cash at bank 44,569 34,916
144,550 146,882
CREDITORS
Amounts falling due within one year 6 53,478 52,410
NET CURRENT ASSETS 91,072 94,472
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,270

102,135

CREDITORS
Amounts falling due after more than one
year

7

(24,782

)

(35,808

)

PROVISIONS FOR LIABILITIES 8 (417 ) (1,456 )
NET ASSETS 68,071 64,871

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 68,069 64,869
SHAREHOLDERS' FUNDS 68,071 64,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 ROADMARKINGS LTD (REGISTERED NUMBER: SC495833)

BALANCE SHEET - continued
31 MARCH 2023


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

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 and authorised for issue on 24 May 2023 and were signed on its behalf by:





A Grimm - Director


LILY ROADMARKINGS LTD (REGISTERED NUMBER: SC495833)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Lily Roadmarkings Ltd is a private company, limited by shares , registered in Scotland. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

LILY ROADMARKINGS LTD (REGISTERED NUMBER: SC495833)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 13,566 49,928 455 63,949
Additions - - 333 333
At 31 March 2023 13,566 49,928 788 64,282
DEPRECIATION
At 1 April 2022 12,713 43,421 152 56,286
Charge for year 843 4,757 198 5,798
At 31 March 2023 13,556 48,178 350 62,084
NET BOOK VALUE
At 31 March 2023 10 1,750 438 2,198
At 31 March 2022 853 6,507 303 7,663

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 7,795
DEPRECIATION
At 1 April 2022 4,872
Charge for year 1,949
At 31 March 2023 6,821
NET BOOK VALUE
At 31 March 2023 974
At 31 March 2022 2,923

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 94,344 98,373
Other debtors 800 -
VAT 4,442 13,205
Prepayments 395 388
99,981 111,966

LILY ROADMARKINGS LTD (REGISTERED NUMBER: SC495833)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,080 10,081
Hire purchase contracts 1,370 2,206
Trade creditors 666 5,391
Corporation tax 31,435 27,741
Payroll taxation 2,422 1,648
Pension fund control 2,403 3,375
Directors' current accounts 3,344 300
Accrued charges 1,758 1,668
53,478 52,410

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 10,080 10,079
Bank loans - 2-5 years 14,702 24,359
Hire purchase contracts - 1,370
24,782 35,808

8. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 417 1,456

Deferred
tax
£   
Balance at 1 April 2022 1,456
Provided during year (1,039 )
Balance at 31 March 2023 417

9. ULTIMATE CONTROLLING PARTY

The controlling party is A Grimm.