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Registered number: 09501724
Lilyrose Care Group Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Origin Accounting
Chartered Certified Accountants
31 Eddisbury Drive
Waterhayes
Newcastle-under-Lyme
Staffordshire
ST5 7SL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09501724
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,750 19,125
Tangible Assets 5 9,231 13,025
21,981 32,150
CURRENT ASSETS
Debtors 6 440,942 300,617
Cash at bank and in hand 70,475 37,498
511,417 338,115
Creditors: Amounts Falling Due Within One Year 7 (167,333 ) (63,581 )
NET CURRENT ASSETS (LIABILITIES) 344,084 274,534
TOTAL ASSETS LESS CURRENT LIABILITIES 366,065 306,684
NET ASSETS 366,065 306,684
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 366,064 306,683
SHAREHOLDERS' FUNDS 366,065 306,684
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
On behalf of the board
Mrs Angela Jouini
Director
20 December 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lilyrose Care Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09501724 . The registered office is Unit 11 Burlem Enterprise Centre Moorland Road, Burslem, Stoke-on-Trent, Staffordshire, ST6 1JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. 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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 20% Straight line
Motor Vehicles 20% Reducing balance
Computer Equipment 33.3% Straight line
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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 year 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 73 (2023: 65)
73 65
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Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 63,750
As at 31 March 2024 63,750
Amortisation
As at 1 April 2023 44,625
Provided during the period 6,375
As at 31 March 2024 51,000
Net Book Value
As at 31 March 2024 12,750
As at 1 April 2023 19,125
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 5,378 9,000 16,466 30,844
Additions - - 1,834 1,834
Disposals - - (3,519 ) (3,519 )
As at 31 March 2024 5,378 9,000 14,781 29,159
Depreciation
As at 1 April 2023 2,911 1,800 13,108 17,819
Provided during the period 1,076 1,440 3,112 5,628
Disposals - - (3,519 ) (3,519 )
As at 31 March 2024 3,987 3,240 12,701 19,928
Net Book Value
As at 31 March 2024 1,391 5,760 2,080 9,231
As at 1 April 2023 2,467 7,200 3,358 13,025
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 117,455 79,990
Other debtors 111,057 36,081
228,512 116,071
Due after more than one year
Other debtors 212,430 184,546
440,942 300,617
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,155 6,837
Other creditors 105,873 20,434
Taxation and social security 57,305 36,310
167,333 63,581
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mrs Angela Jouini 27,108 25,426 27,500 - 25,034
The above loan is unsecured, with interest being charged at the official rate and the balance is repayable on demand.
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