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Company Registration No. 07245896 (England and Wales)
Holo Lilo Limited Unaudited accounts for the year ended 31 May 2024
Holo Lilo Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,180 
1,677 
Tangible assets
968 
1,857 
2,148 
3,534 
Current assets
Inventories
35,000 
7,000 
Debtors
771 
624 
Cash at bank and in hand
40,793 
38,268 
76,564 
45,892 
Creditors: amounts falling due within one year
(33,441)
(4,636)
Net current assets
43,123 
41,256 
Total assets less current liabilities
45,271 
44,790 
Provisions for liabilities
Deferred tax
(408)
(444)
Net assets
44,863 
44,346 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
44,862 
44,345 
Shareholders' funds
44,863 
44,346 
For the year ending 31 May 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 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 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 12 February 2025 and were signed on its behalf by
Emma L Benson Director Company Registration No. 07245896
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Holo Lilo Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Holo Lilo Limited is a private company, limited by shares, registered in England and Wales, registration number 07245896. The registered office is 120A Bolling Road, ILKLEY, West Yorkshire, LS29 8PN.
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.
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
25.00% Straight Line
Computer equipment
33.33% Straight Line
Other tangible fixed assets
10.00% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Holo Lilo Limited Notes to the Accounts for the year ended 31 May 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2023
6,968 
At 31 May 2024
6,968 
Amortisation
At 1 June 2023
5,291 
Charge for the year
497 
At 31 May 2024
5,788 
Net book value
At 31 May 2024
1,180 
At 31 May 2023
1,677 
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
130 
6,501 
6,631 
At 31 May 2024
130 
6,501 
6,631 
Depreciation
At 1 June 2023
34 
4,740 
4,774 
Charge for the year
33 
856 
889 
At 31 May 2024
67 
5,596 
5,663 
Net book value
At 31 May 2024
63 
905 
968 
At 31 May 2023
96 
1,761 
1,857 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
104 
Accrued income and prepayments
771 
520 
771 
624 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
317 
586 
Taxes and social security
6,194 
1,083 
Other creditors
15,000 
- 
Loans from directors
10,394 
1,335 
Accruals
1,536 
1,632 
33,441 
4,636 
- 4 -
Holo Lilo Limited Notes to the Accounts for the year ended 31 May 2024
8
Transactions with related parties
The Director, Miss E Benson holds 100% of the share capital and received 100% of the dividends. During the year the company paid dividends of £24,520 (2023 -£25,000) to the Director.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 5 -