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REGISTERED NUMBER: 03559020 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

LILLEY FITTER'S CORNISH PASTIES LIMITED

LILLEY FITTER'S CORNISH PASTIES LIMITED (REGISTERED NUMBER: 03559020)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LILLEY FITTER'S CORNISH PASTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: M A Elderfield
Miss M M Avery





SECRETARY: Mrs P L Fitter





REGISTERED OFFICE: Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD





REGISTERED NUMBER: 03559020 (England and Wales)





ACCOUNTANTS: Whitakers
Chartered Accountants
Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD

LILLEY FITTER'S CORNISH PASTIES LIMITED (REGISTERED NUMBER: 03559020)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,350 1,749

CURRENT ASSETS
Stocks 1,655 1,575
Debtors 5 4,636 579
Cash at bank and in hand 7,251 21,140
13,542 23,294
CREDITORS
Amounts falling due within one year 6 15,517 24,376
NET CURRENT LIABILITIES (1,975 ) (1,082 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

375

667

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 275 567
SHAREHOLDERS' FUNDS 375 667

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





M A Elderfield - Director


LILLEY FITTER'S CORNISH PASTIES LIMITED (REGISTERED NUMBER: 03559020)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Lilley Fitter's Cornish Pasties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

LILLEY FITTER'S CORNISH PASTIES LIMITED (REGISTERED NUMBER: 03559020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 20,400 - 887 21,287
Additions 325 1,059 - 1,384
At 31 May 2024 20,725 1,059 887 22,671
DEPRECIATION
At 1 June 2023 18,653 - 885 19,538
Charge for year 518 265 - 783
At 31 May 2024 19,171 265 885 20,321
NET BOOK VALUE
At 31 May 2024 1,554 794 2 2,350
At 31 May 2023 1,747 - 2 1,749

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 4,636 579

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 400 (1 )
Tax 3,304 6,434
VAT 6,010 2,850
Directors' current accounts 4,770 14,060
Accrued expenses 1,033 1,033
15,517 24,376

7. RELATED PARTY DISCLOSURES

During the year, the company was controlled by it's director Mr MA Elderfield, by virtue of the fact that he owns one hundred percent of the ordinary issued share capital.