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Company Registration No. 13949399 (England and Wales)
The Silver Lily Ltd Unaudited accounts for the period from 2 March 2022 to 31 March 2023
The Silver Lily Ltd Unaudited accounts Contents
Page
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The Silver Lily Ltd Company Information for the period from 2 March 2022 to 31 March 2023
Director
Trevor Woods
Company Number
13949399 (England and Wales)
Registered Office
THE SILVER LILY 1 CAMBRIAN TERRACE SAUNDERSFOOT PEMBROKESHIRE SA69 9ER UNITED KINGDOM
Accountants
Ann Stephens & Co The Lodge Allensbank Narberth Pembs SA67 8RF
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The Silver Lily Ltd Statement of financial position as at 31 March 2023
2023 
Notes
£ 
Fixed assets
Intangible assets
34,132 
Tangible assets
63,150 
97,282 
Current assets
Inventories
236,260 
Debtors
3,071 
Cash at bank and in hand
151,727 
391,058 
Creditors: amounts falling due within one year
(454,772)
Net current liabilities
(63,714)
Net assets
33,568 
Capital and reserves
Profit and loss account
33,568 
Shareholders' funds
33,568 
For the period ending 31 March 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 his 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 2 November 2023 and were signed on its behalf by
Trevor Woods Director Company Registration No. 13949399
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The Silver Lily Ltd Notes to the Accounts for the period from 2 March 2022 to 31 March 2023
1
Statutory information
The Silver Lily Ltd is a private company, limited by shares, registered in England and Wales, registration number 13949399. The registered office is THE SILVER LILY, 1 CAMBRIAN TERRACE, SAUNDERSFOOT, PEMBROKESHIRE, SA69 9ER, UNITED KINGDOM.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 2 March 2022
- 
Additions
36,900 
At 31 March 2023
36,900 
Amortisation
At 2 March 2022
- 
Charge for the period
2,768 
At 31 March 2023
2,768 
Net book value
At 31 March 2023
34,132 
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The Silver Lily Ltd Notes to the Accounts for the period from 2 March 2022 to 31 March 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 2 March 2022
- 
- 
- 
- 
Additions
13,965 
23,500 
35,407 
72,872 
At 31 March 2023
13,965 
23,500 
35,407 
72,872 
Depreciation
Charge for the period
1,373 
4,406 
3,943 
9,722 
At 31 March 2023
1,373 
4,406 
3,943 
9,722 
Net book value
At 31 March 2023
12,592 
19,094 
31,464 
63,150 
6
Debtors
2023 
£ 
Amounts falling due within one year
Trade debtors
1,113 
Accrued income and prepayments
1,958 
3,071 
7
Creditors: amounts falling due within one year
2023 
£ 
VAT
7,995 
Trade creditors
24,045 
Taxes and social security
24,069 
Other creditors
6,044 
Loans from directors
390,944 
Accruals
1,675 
454,772 
8
Average number of employees
During the period the average number of employees was 14.
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