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Company No: 10797875 (England and Wales)

LILLIPUT EXTERNAL CLEANING LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2023
Pages for filing with the registrar

LILLIPUT EXTERNAL CLEANING LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2023

Contents

LILLIPUT EXTERNAL CLEANING LIMITED

BALANCE SHEET

As at 30 June 2023
LILLIPUT EXTERNAL CLEANING LIMITED

BALANCE SHEET (continued)

As at 30 June 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 15,286 17,984
15,286 17,984
Current assets
Stocks 4 1,200 1,200
Debtors 5 21,609 26,459
Cash at bank and in hand 466 1,891
23,275 29,550
Creditors: amounts falling due within one year 6 ( 29,803) ( 35,596)
Net current liabilities (6,528) (6,046)
Total assets less current liabilities 8,758 11,938
Creditors: amounts falling due after more than one year 7 ( 8,348) ( 11,628)
Net assets 410 310
Capital and reserves
Called-up share capital 100 100
Profit and loss account 310 210
Total shareholder's funds 410 310

For the financial 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.

Director's responsibilities:

The financial statements of Lilliput External Cleaning Limited (registered number: 10797875) were approved and authorised for issue by the Director on 29 January 2024. They were signed on its behalf by:

D Caunter
Director
LILLIPUT EXTERNAL CLEANING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
LILLIPUT EXTERNAL CLEANING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lilliput External Cleaning Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 43 Banbury Rd, Nuffield Industrial Estate, Poole, BH17 0GA.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Plant and machinery 15 % reducing balance
Vehicles 15 % reducing balance
Office equipment 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 4 5

3. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 July 2022 11,369 17,550 4,074 32,993
At 30 June 2023 11,369 17,550 4,074 32,993
Accumulated depreciation
At 01 July 2022 5,069 7,811 2,129 15,009
Charge for the financial year 945 1,461 292 2,698
At 30 June 2023 6,014 9,272 2,421 17,707
Net book value
At 30 June 2023 5,355 8,278 1,653 15,286
At 30 June 2022 6,300 9,739 1,945 17,984

4. Stocks

2023 2022
£ £
Stocks 1,200 1,200

5. Debtors

2023 2022
£ £
Trade debtors 7,878 15,693
Other debtors 13,731 10,766
21,609 26,459

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 4,000 4,000
Accruals 2,591 4,000
Taxation and social security 20,211 24,927
Other creditors 3,001 2,669
29,803 35,596

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 7,628 11,628
Other creditors 720 0
8,348 11,628

There are no amounts included above in respect of which any security has been given by the small entity.

8. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Key management 5,951 8,125

No interest has been charged on the overdrawn loan account.