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Company Registration No. 14483772 (England and Wales)
Lily's Wholefoods Ltd Unaudited accounts for the period from 14 November 2022 to 30 November 2023
Lily's Wholefoods Ltd Unaudited accounts Contents
Page
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Lily's Wholefoods Ltd Company Information for the period from 14 November 2022 to 30 November 2023
Director
Mr Taner Belkiran
Company Number
14483772 (England and Wales)
Registered Office
The Gate 11 Albion Road London London N16 9PS England
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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Lily's Wholefoods Ltd Statement of financial position as at 30 November 2023
2023 
Notes
£ 
Fixed assets
Intangible assets
57,000 
Tangible assets
71,754 
128,754 
Current assets
Inventories
14,200 
Debtors
6,862 
Cash at bank and in hand
2,321 
23,383 
Creditors: amounts falling due within one year
(165,326)
Net current liabilities
(141,943)
Net liabilities
(13,189)
Capital and reserves
Called up share capital
3 
Profit and loss account
(13,192)
Shareholders' funds
(13,189)
For the period ending 30 November 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 5 August 2024 and were signed on its behalf by
Mr Taner Belkiran Director Company Registration No. 14483772
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Lily's Wholefoods Ltd Notes to the Accounts for the period from 14 November 2022 to 30 November 2023
1
Statutory information
Lily's Wholefoods Ltd is a private company, limited by shares, registered in England and Wales, registration number 14483772. The registered office and principal place of business is The Gate, 11 Albion Road, London, London, N16 9PS, England.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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
18% - Reducing balance method
Fixtures & fittings
18% - Reducing balance method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
Reporting period
The company has been incorporated on 14 November 2022 and started trading from 8 August 2023.
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Lily's Wholefoods Ltd Notes to the Accounts for the period from 14 November 2022 to 30 November 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 14 November 2022
- 
Additions
60,000 
At 30 November 2023
60,000 
Amortisation
At 14 November 2022
- 
Charge for the period
3,000 
At 30 November 2023
3,000 
Net book value
At 30 November 2023
57,000 
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 14 November 2022
- 
- 
- 
Additions
12,406 
72,376 
84,782 
At 30 November 2023
12,406 
72,376 
84,782 
Depreciation
Charge for the period
- 
13,028 
13,028 
At 30 November 2023
- 
13,028 
13,028 
Net book value
At 30 November 2023
12,406 
59,348 
71,754 
6
Debtors
2023 
£ 
Amounts falling due after more than one year
Other debtors
6,862 
7
Creditors: amounts falling due within one year
2023 
£ 
VAT
(19,951)
Taxes and social security
939 
Loans from directors
183,138 
Accruals
1,200 
165,326 
8
Share capital
2023 
£ 
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3 
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Lily's Wholefoods Ltd Notes to the Accounts for the period from 14 November 2022 to 30 November 2023
9
Transactions with related parties
Included within other creditors is an amount of £183,138 due to its directors. There are no terms as to interest or repayment in respect of this balance.
10
Average number of employees
During the period the average number of employees was 3.
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