Acorah Software Products - Accounts Production 15.0.600 false true true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 08289121 Mr Fanica Ciochina iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08289121 2022-11-30 08289121 2023-11-30 08289121 2022-12-01 2023-11-30 08289121 frs-core:Non-currentFinancialInstruments 2023-11-30 08289121 frs-core:MotorVehicles 2022-12-01 2023-11-30 08289121 frs-core:PlantMachinery 2022-12-01 2023-11-30 08289121 frs-core:ShareCapital 2023-11-30 08289121 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 08289121 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08289121 frs-bus:AbridgedAccounts 2022-12-01 2023-11-30 08289121 frs-bus:SmallEntities 2022-12-01 2023-11-30 08289121 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 08289121 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 08289121 frs-bus:Director1 2022-12-01 2023-11-30 08289121 frs-countries:EnglandWales 2022-12-01 2023-11-30 08289121 2021-11-30 08289121 2022-11-30 08289121 2021-12-01 2022-11-30 08289121 frs-core:Non-currentFinancialInstruments 2022-11-30 08289121 frs-core:ShareCapital 2022-11-30 08289121 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 08289121
LILLY&SON LTD
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 November 2023
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 08289121
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,065 1,910
1,065 1,910
CURRENT ASSETS
Debtors 295,626 262,819
Cash at bank and in hand 10,566 27,934
306,192 290,753
Creditors: Amounts Falling Due Within One Year (99,485 ) (122,308 )
NET CURRENT ASSETS (LIABILITIES) 206,707 168,445
TOTAL ASSETS LESS CURRENT LIABILITIES 207,772 170,355
Creditors: Amounts Falling Due After More Than One Year (52,119 ) (71,758 )
NET ASSETS 155,653 98,597
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account 155,553 98,497
SHAREHOLDERS' FUNDS 155,653 98,597
Page 1
Page 2
For the year 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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 November 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Fanica Ciochina
Director
15/02/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
LILLY&SON LTD is a private company, limited by shares, incorporated in England & Wales, registered number 08289121 . The registered office is 42 Ayot Path, Borehamwood, WD6 5BL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
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 for the foreseeable future.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Straight Line Method
Motor Vehicles Straight Line Method
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Total
£
Cost
As at 1 December 2022 25,567
As at 30 November 2023 25,567
Depreciation
As at 1 December 2022 23,657
Provided during the period 845
As at 30 November 2023 24,502
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 November 2023 1,065
As at 1 December 2022 1,910
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4