IRIS Accounts Production v24.3.0.553 13228851 director 1.3.23 28.2.24 28.2.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh132288512023-02-28132288512024-02-28132288512023-03-012024-02-28132288512022-02-28132288512022-03-012023-02-28132288512023-02-2813228851ns15:EnglandWales2023-03-012024-02-2813228851ns14:PoundSterling2023-03-012024-02-2813228851ns10:Director12023-03-012024-02-2813228851ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2813228851ns10:SmallEntities2023-03-012024-02-2813228851ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2813228851ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2813228851ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2813228851ns10:FullAccounts2023-03-012024-02-2813228851ns10:OrdinaryShareClass12023-03-012024-02-2813228851ns10:RegisteredOffice2023-03-012024-02-2813228851ns5:CurrentFinancialInstruments2024-02-2813228851ns5:CurrentFinancialInstruments2023-02-2813228851ns5:Non-currentFinancialInstruments2024-02-2813228851ns5:Non-currentFinancialInstruments2023-02-2813228851ns5:ShareCapital2024-02-2813228851ns5:ShareCapital2023-02-2813228851ns5:RetainedEarningsAccumulatedLosses2024-02-2813228851ns5:RetainedEarningsAccumulatedLosses2023-02-2813228851ns5:MotorVehicles2023-03-012024-02-2813228851ns5:ComputerEquipment2023-03-012024-02-2813228851ns5:MotorVehicles2023-02-2813228851ns5:ComputerEquipment2023-02-2813228851ns5:MotorVehicles2024-02-2813228851ns5:ComputerEquipment2024-02-2813228851ns5:MotorVehicles2023-02-2813228851ns5:ComputerEquipment2023-02-2813228851ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2813228851ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2813228851ns10:OrdinaryShareClass12024-02-28
REGISTERED NUMBER: 13228851 (England and Wales)












LILAC GROVE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2024






LILAC GROVE LIMITED (REGISTERED NUMBER: 13228851)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LILAC GROVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2024







DIRECTOR: Ms A M Cooke





REGISTERED OFFICE: 28 Station Street
Walsall
WS2 9JZ





REGISTERED NUMBER: 13228851 (England and Wales)






LILAC GROVE LIMITED (REGISTERED NUMBER: 13228851)

BALANCE SHEET
28 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,952 9,530

CURRENT ASSETS
Debtors 5 3,321 199
Cash at bank 979 3,629
4,300 3,828
CREDITORS
Amounts falling due within one year 6 31,046 45,157
NET CURRENT LIABILITIES (26,746 ) (41,329 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,794

)

(31,799

)

CREDITORS
Amounts falling due after more than one
year

7

300

-
NET LIABILITIES (20,094 ) (31,799 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (20,194 ) (31,899 )
SHAREHOLDERS' FUNDS (20,094 ) (31,799 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

LILAC GROVE LIMITED (REGISTERED NUMBER: 13228851)

BALANCE SHEET - continued
28 FEBRUARY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:





Ms A M Cooke - Director


LILAC GROVE LIMITED (REGISTERED NUMBER: 13228851)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

1. STATUTORY INFORMATION

Lilac Grove 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.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Going concern
The financial statements have been prepared on a going concern basis not withstanding the deficit in shareholders' funds of £20,094 (2023 - £31,799). The director has a reasonable expectation that the company has access to adequate resources to continue in operational existence for the foreseeable future. She has considered a period of 12 months from the date of the approval of these financial statements. Therefore, the director has continued to adopt a going concern basis.

If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce balance sheet values of assets to their recoverable amounts, and to provide for further liabilities that might arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities respectively.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on straight line
Computer equipment - 20% on straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


LILAC GROVE LIMITED (REGISTERED NUMBER: 13228851)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 16,000 - 16,000
Additions - 666 666
At 28 February 2024 16,000 666 16,666
DEPRECIATION
At 1 March 2023 6,470 - 6,470
Charge for year 3,200 44 3,244
At 28 February 2024 9,670 44 9,714
NET BOOK VALUE
At 28 February 2024 6,330 622 6,952
At 28 February 2023 9,530 - 9,530

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,321 199

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 712 83
Other creditors 30,334 45,074
31,046 45,157

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 300 -

LILAC GROVE LIMITED (REGISTERED NUMBER: 13228851)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100