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REGISTERED NUMBER: 13237809 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Lillys P & H Ltd

Lillys P & H Ltd (Registered number: 13237809)






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


Lillys P & H Ltd

Company Information
for the Year Ended 31 March 2023







Director: Mr M C Lilly





Registered office: 6 George Street
Driffield
East Yorkshire
YO25 6RA





Registered number: 13237809 (England and Wales)





Accountants: Ullyott Limited
6 George Street
Driffield
East Yorkshire
YO25 6RA

Lillys P & H Ltd (Registered number: 13237809)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,600 10,800
Tangible assets 5 19,627 14,478
29,227 25,278

CURRENT ASSETS
Debtors 6 23,717 33,378
Cash at bank 15,372 9,177
39,089 42,555
CREDITORS
Amounts falling due within one year 7 58,491 62,292
NET CURRENT LIABILITIES (19,402 ) (19,737 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,825

5,541

PROVISIONS FOR LIABILITIES 8 3,729 3,095
NET ASSETS 6,096 2,446

CAPITAL AND RESERVES
Called up share capital 9 101 101
Retained earnings 5,995 2,345
SHAREHOLDERS' FUNDS 6,096 2,446

Lillys P & H Ltd (Registered number: 13237809)

Balance Sheet - continued
31 March 2023


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 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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 June 2023 and were signed by:





Mr M C Lilly - Director


Lillys P & H Ltd (Registered number: 13237809)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Lillys P & H 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.

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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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 balance sheet date.


Lillys P & H Ltd (Registered number: 13237809)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

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.

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 12,000
AMORTISATION
At 1 April 2022 1,200
Charge for year 1,200
At 31 March 2023 2,400
NET BOOK VALUE
At 31 March 2023 9,600
At 31 March 2022 10,800

Lillys P & H Ltd (Registered number: 13237809)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 17,231 550 17,781
Additions 11,432 333 11,765
At 31 March 2023 28,663 883 29,546
DEPRECIATION
At 1 April 2022 3,121 182 3,303
Charge for year 6,385 231 6,616
At 31 March 2023 9,506 413 9,919
NET BOOK VALUE
At 31 March 2023 19,157 470 19,627
At 31 March 2022 14,110 368 14,478

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,672 13,632
Other debtors 7,971 16,993
VAT - 845
Prepayments and accrued income 2,074 1,908
23,717 33,378

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 14,916 -
Trade creditors 2,428 5,593
Corporation tax 9,944 12,892
VAT 1,113 -
Other creditors 121 -
Directors' current accounts 28,439 38,510
Accruals and deferred income 1,530 5,297
58,491 62,292

Lillys P & H Ltd (Registered number: 13237809)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,729 3,095

Deferred
tax
£   
Balance at 1 April 2022 3,095
Charge to Statement of income and retained earnings during year 634
Balance at 31 March 2023 3,729

9. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100
1 Ordinary A 1 1 1
101 101