Company Registration No. 12128326 (England and Wales)
Lilium Kids Limited
Unaudited accounts
for the year ended 30 April 2024
Lilium Kids Limited
Unaudited accounts
Contents
Lilium Kids Limited
Statement of financial position
as at 30 April 2024
Cash at bank and in hand
1,703
15,715
Creditors: amounts falling due within one year
(10,218)
(6,391)
Net current assets
150
16,074
Total assets less current liabilities
150
19,833
Creditors: amounts falling due after more than one year
-
(8,021)
Called up share capital
150
150
Profit and loss account
-
11,662
Shareholders' funds
150
11,812
For the year ending 30 April 2024 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 27 November 2024 and were signed on its behalf by
J Catt
Director
Company Registration No. 12128326
Lilium Kids Limited
Notes to the Accounts
for the year ended 30 April 2024
Lilium Kids Limited is a private company, limited by shares, registered in England and Wales, registration number 12128326. The registered office is TRAFALGAR HOUSE, ARTEX AVENUE, NEWHAVEN, BN9 9DD, 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 remained unchanged from the previous year, and also 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
4 years straight line
Fixtures & fittings
4 years straight line
Computer equipment
3 years straight line
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Lilium Kids Limited
Notes to the Accounts
for the year ended 30 April 2024
4
Intangible fixed assets
Total
5
Tangible fixed assets
Total
6
Average number of employees
During the year the average number of employees was 0 (2023: 1).