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
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
Lily's Wholefoods Ltd
Statement of financial position
as at 30 November 2023
Cash at bank and in hand
2,321
Creditors: amounts falling due within one year
(165,326)
Net current liabilities
(141,943)
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
Lily's Wholefoods Ltd
Notes to the Accounts
for the period from 14 November 2022 to 30 November 2023
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.
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.
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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
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.
The company has been incorporated on 14 November 2022 and started trading from 8 August 2023.
Lily's Wholefoods Ltd
Notes to the Accounts
for the period from 14 November 2022 to 30 November 2023
4
Intangible fixed assets
Goodwill
At 30 November 2023
60,000
Charge for the period
3,000
At 30 November 2023
57,000
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
Additions
12,406
72,376
84,782
At 30 November 2023
12,406
72,376
84,782
Charge for the period
-
13,028
13,028
At 30 November 2023
-
13,028
13,028
At 30 November 2023
12,406
59,348
71,754
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
Taxes and social security
939
Loans from directors
183,138
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3
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.