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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
Page
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The Silver Lily Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
30,719 
34,132 
Tangible assets
68,986 
63,150 
99,705 
97,282 
Current assets
Inventories
330,962 
236,260 
Debtors
30,264 
3,071 
Cash at bank and in hand
178,160 
151,727 
539,386 
391,058 
Creditors: amounts falling due within one year
(544,015)
(454,772)
Net current liabilities
(4,629)
(63,714)
Net assets
95,076 
33,568 
Capital and reserves
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
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The Silver Lily Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
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 
£ 
Cost
At 1 April 2023
36,900 
At 31 March 2024
36,900 
Amortisation
At 1 April 2023
2,768 
Charge for the year
3,413 
At 31 March 2024
6,181 
Net book value
At 31 March 2024
30,719 
At 31 March 2023
34,132 
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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 
Depreciation
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 
Net book value
At 31 March 2024
15,433 
12,188 
41,365 
68,986 
At 31 March 2023
12,592 
19,094 
31,464 
63,150 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
15,831 
1,113 
Accrued income and prepayments
14,433 
1,958 
30,264 
3,071 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
16,511 
7,995 
Trade creditors
55,249 
24,045 
Taxes and social security
55,665 
24,069 
Other creditors
413,821 
396,988 
Accruals
2,769 
1,675 
544,015 
454,772 
8
Average number of employees
During the year the average number of employees was 15 (2023: 14).
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