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Company Registration No. 09287158 (England and Wales)
Lillyjames Limited Unaudited accounts for the year ended 31 October 2023
Lillyjames Limited Unaudited accounts Contents
Page
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Lillyjames Limited Company Information for the year ended 31 October 2023
Directors
Nicholas Challen John McLagan
Company Number
09287158 (England and Wales)
Registered Office
Vision Accounting Cothey Way, Fortis House Ryde Isle of Wight PO33 1QT
Accountants
Vision Accounting Fortis House Cothey Way Ryde Isle of Wight PO33 1QT
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Lillyjames Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
393,451 
393,791 
Current assets
Debtors
130,232 
129,979 
Cash at bank and in hand
5,469 
6,384 
135,701 
136,363 
Creditors: amounts falling due within one year
(256,971)
(246,029)
Net current liabilities
(121,270)
(109,666)
Total assets less current liabilities
272,181 
284,125 
Creditors: amounts falling due after more than one year
(184,560)
(199,367)
Net assets
87,621 
84,758 
Capital and reserves
Called up share capital
25,000 
25,000 
Profit and loss account
62,621 
59,758 
Shareholders' funds
87,621 
84,758 
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by
Nicholas Challen Director Company Registration No. 09287158
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Lillyjames Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Lillyjames Limited is a private company, limited by shares, registered in England and Wales, registration number 09287158. The registered office is Vision Accounting, Cothey Way, Fortis House, Ryde, Isle of Wight, PO33 1QT.
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 remained unchanged from the previous year, and also 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.
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
Straight Line - 20%
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
393,451 
2,765 
396,216 
At 31 October 2023
393,451 
2,765 
396,216 
Depreciation
At 1 November 2022
- 
2,425 
2,425 
Charge for the year
- 
340 
340 
At 31 October 2023
- 
2,765 
2,765 
Net book value
At 31 October 2023
393,451 
- 
393,451 
At 31 October 2022
393,451 
340 
393,791 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
1,612 
1,287 
Other debtors
128,620 
128,692 
130,232 
129,979 
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Lillyjames Limited Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
16,162 
17,516 
Trade creditors
120 
- 
Taxes and social security
8,340 
13,012 
Other creditors
44,542 
24,086 
Loans from directors
185,755 
190,755 
Accruals
2,052 
660 
256,971 
246,029 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
184,560 
199,367 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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