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REGISTERED NUMBER: 06593312 (England and Wales)
















LILI OF THE VALLEY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






LILI OF THE VALLEY LIMITED (REGISTERED NUMBER: 06593312)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LILI OF THE VALLEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: L L Ansbergs
L Barnes





REGISTERED OFFICE: Flat 2, Blenheim House
9 Crawshaw Road
Pudsey
Leeds
West Yorkshire
LS28 7UB





REGISTERED NUMBER: 06593312 (England and Wales)





ACCOUNTANTS: UHY BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

LILI OF THE VALLEY LIMITED (REGISTERED NUMBER: 06593312)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 535 713
Tangible assets 5 1,481 1,928
2,016 2,641

CURRENT ASSETS
Stocks 3,036 3,385
Debtors 6 3,888 11,183
Cash in hand 280 280
7,204 14,848
CREDITORS
Amounts falling due within one year 7 18,993 15,621
NET CURRENT LIABILITIES (11,789 ) (773 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,773

)

1,868

PROVISIONS FOR LIABILITIES - 387
NET (LIABILITIES)/ASSETS (9,773 ) 1,481

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (9,775 ) 1,479
(9,773 ) 1,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LILI OF THE VALLEY LIMITED (REGISTERED NUMBER: 06593312)

BALANCE SHEET - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 February 2025 and were signed on its behalf by:





L L Ansbergs - Director


LILI OF THE VALLEY LIMITED (REGISTERED NUMBER: 06593312)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Lili of the Valley 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 presentation currency of the financial statements is the Pound Sterling (£).

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised at the rate of 25% per annum on a reducing balance basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balance and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

Taxation
No tax or deferred tax provisions are required in these accounts.

LILI OF THE VALLEY LIMITED (REGISTERED NUMBER: 06593312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The accounts have been prepared on a going concern basis, due to the continued financial support of the directors and improving prospects for the current financial period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 22,600 11,592 34,192
AMORTISATION
At 1 June 2023 22,600 10,879 33,479
Charge for year - 178 178
At 31 May 2024 22,600 11,057 33,657
NET BOOK VALUE
At 31 May 2024 - 535 535
At 31 May 2023 - 713 713

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 8,706
DEPRECIATION
At 1 June 2023 6,778
Charge for year 447
At 31 May 2024 7,225
NET BOOK VALUE
At 31 May 2024 1,481
At 31 May 2023 1,928

LILI OF THE VALLEY LIMITED (REGISTERED NUMBER: 06593312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,888 11,183

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,057 11,723
Taxation and social security 2,393 3,051
Other creditors 9,543 847
18,993 15,621

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 2,625 13,824
Between one and five years - 6,844
2,625 20,668

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
L L Ansbergs
Balance outstanding at start of year 4,066 -
Amounts advanced 3,919 7,112
Amounts repaid (7,985 ) (3,046 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 4,066

L Barnes
Balance outstanding at start of year 4,066 -
Amounts advanced 3,916 7,112
Amounts repaid (7,982 ) (3,046 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 4,066