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REGISTERED NUMBER: 09172429 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

LILAC RECYCLING UK LIMITED

LILAC RECYCLING UK LIMITED (REGISTERED NUMBER: 09172429)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LILAC RECYCLING UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: S J Mayall
H J Price
A R Mayall





REGISTERED OFFICE: 6, Vernon Avenue
Newark
Nottinghamshire
NG24 1PG





REGISTERED NUMBER: 09172429 (England and Wales)





ACCOUNTANT: David Pattinson
233 London Road
Balderton
Newark
Nottinghamshire
NG24 3HA

LILAC RECYCLING UK LIMITED (REGISTERED NUMBER: 09172429)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 24,631 40,252
24,631 40,252

CURRENT ASSETS
Debtors 6 29,842 23,415
Prepayments and accrued income 11,016 3,011
Cash at bank 42,744 39,648
83,602 66,074
CREDITORS
Amounts falling due within one year 7 56,387 41,679
NET CURRENT ASSETS 27,215 24,395
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,846

64,647

PROVISIONS FOR LIABILITIES 8 5,665 7,648
NET ASSETS 46,181 56,999

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 46,177 56,995
SHAREHOLDERS' FUNDS 46,181 56,999

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 9 January 2024 and were signed on its behalf by:



S J Mayall - Director



H J Price - Director


LILAC RECYCLING UK LIMITED (REGISTERED NUMBER: 09172429)

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

1. STATUTORY INFORMATION

Lilac Recycling UK Limited 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 and value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years, starting in the year after purchase.

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.
Plant and machinery - 20% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 16 ) .

LILAC RECYCLING UK LIMITED (REGISTERED NUMBER: 09172429)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 22,000
AMORTISATION
At 1 September 2022
and 31 August 2023 22,000
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 128,138
Additions 16,608
Disposals (24,107 )
At 31 August 2023 120,639
DEPRECIATION
At 1 September 2022 87,886
Charge for year 20,506
Eliminated on disposal (12,384 )
At 31 August 2023 96,008
NET BOOK VALUE
At 31 August 2023 24,631
At 31 August 2022 40,252

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 29,842 23,415

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 786 1,470
Tax 23,720 8,712
Social security and other taxes 959 1,806
VAT 21,912 20,708
Directors' current accounts 7,410 7,410
Accrued expenses 1,600 1,573
56,387 41,679

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 5,665 7,648

LILAC RECYCLING UK LIMITED (REGISTERED NUMBER: 09172429)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2022 7,648
Released (1,983 )
Balance at 31 August 2023 5,665

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
4 4

10. RELATED PARTY DISCLOSURES

The company is controlled by the director Mrs Sarah-Jane Mayall.