LILY LOLO LIMITED

Company Registration Number:
05443092 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

LILY LOLO LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

LILY LOLO LIMITED

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 19,985 25,715
Tangible assets: 4 416,363 421,597
Total fixed assets: 436,348 447,312
Current assets
Stocks: 502,418 499,749
Debtors:   158,262 167,355
Cash at bank and in hand: 5,162,045 4,428,555
Total current assets: 5,822,725 5,095,659
Creditors: amounts falling due within one year:   (529,732) (218,113)
Net current assets (liabilities): 5,292,993 4,877,546
Total assets less current liabilities: 5,729,341 5,324,858
Provision for liabilities: (17,306) (20,445)
Total net assets (liabilities): 5,712,035 5,304,413
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 5,711,935 5,304,313
Shareholders funds: 5,712,035 5,304,413

The notes form part of these financial statements

LILY LOLO LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 August 2024
and signed on behalf of the board by:

Name: Vikki Khan
Status: Director

The notes form part of these financial statements

LILY LOLO LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

LILY LOLO LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 6 7

LILY LOLO LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Intangible Assets

Total
Cost £
At 01 June 2023 139,933
At 31 May 2024 139,933
Amortisation
At 01 June 2023 114,218
Charge for year 5,730
At 31 May 2024 119,948
Net book value
At 31 May 2024 19,985
At 31 May 2023 25,715

LILY LOLO LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible Assets

Total
Cost £
At 01 June 2023 504,248
Additions 1,558
At 31 May 2024 505,806
Depreciation
At 01 June 2023 82,651
Charge for year 6,792
At 31 May 2024 89,443
Net book value
At 31 May 2024 416,363
At 31 May 2023 421,597

LILY LOLO LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Loans to directors

Name of director receiving advance or credit: Mrs Vikki Khan
Description of the loan: Credits on loan account
£
Balance at 01 June 2023 777
Advances or credits made: 215,000
Balance at 31 May 2024 215,777