Company Registration No. 09287158 (England and Wales)
Lillyjames Limited
Unaudited accounts
for the year ended 31 October 2023
Lillyjames Limited
Unaudited accounts
Contents
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
Lillyjames Limited
Statement of financial position
as at 31 October 2023
Tangible assets
393,451
393,791
Cash at bank and in hand
5,469
6,384
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)
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
Lillyjames Limited
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 1 November 2022
-
2,425
2,425
Charge for the year
-
340
340
At 31 October 2023
-
2,765
2,765
At 31 October 2023
393,451
-
393,451
At 31 October 2022
393,451
340
393,791
Amounts falling due after more than one year
Other debtors
128,620
128,692
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
Taxes and social security
8,340
13,012
Other creditors
44,542
24,086
Loans from directors
185,755
190,755
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).