Company Registration No. 13949399 (England and Wales)
The Silver Lily Ltd
Unaudited accounts
for the year ended 31 March 2024
The Silver Lily Ltd
Unaudited accounts
Contents
The Silver Lily Ltd
Statement of financial position
as at 31 March 2024
Intangible assets
30,719
34,132
Tangible assets
68,986
63,150
Inventories
330,962
236,260
Cash at bank and in hand
178,160
151,727
Creditors: amounts falling due within one year
(544,015)
(454,772)
Net current liabilities
(4,629)
(63,714)
Profit and loss account
95,076
33,568
Shareholders' funds
95,076
33,568
For the year ending 31 March 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.
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 7 November 2024 and were signed on its behalf by
Trevor Woods
Director
Company Registration No. 13949399
The Silver Lily Ltd
Notes to the Accounts
for the year ended 31 March 2024
The Silver Lily Ltd is a private company, limited by shares, registered in England and Wales, registration number 13949399. The registered office is THE SILVER LILY, 1 CAMBRIAN TERRACE, SAUNDERSFOOT, PEMBROKESHIRE, SA69 9ER, UNITED KINGDOM.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
4
Intangible fixed assets
Goodwill
The Silver Lily Ltd
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
13,965
23,500
35,407
72,872
Additions
5,026
-
16,984
22,010
Disposals
-
(3,500)
-
(3,500)
At 31 March 2024
18,991
20,000
52,391
91,382
At 1 April 2023
1,373
4,406
3,943
9,722
Charge for the year
2,185
4,536
7,083
13,804
On disposals
-
(1,130)
-
(1,130)
At 31 March 2024
3,558
7,812
11,026
22,396
At 31 March 2024
15,433
12,188
41,365
68,986
At 31 March 2023
12,592
19,094
31,464
63,150
Amounts falling due within one year
Trade debtors
15,831
1,113
Accrued income and prepayments
14,433
1,958
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
55,249
24,045
Taxes and social security
55,665
24,069
Other creditors
413,821
396,988
8
Average number of employees
During the year the average number of employees was 15 (2023: 14).