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REGISTERED NUMBER: 06669347 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st August 2024

for

Lilac James Co. Ltd

Lilac James Co. Ltd (Registered number: 06669347)






Contents of the Financial Statements
for the Year Ended 31st August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lilac James Co. Ltd

Company Information
for the Year Ended 31st August 2024







DIRECTORS: Ms K E James
J M Stenton





REGISTERED OFFICE: 2 Tan Yard
St. Neots
PE19 1DF





REGISTERED NUMBER: 06669347 (England and Wales)





ACCOUNTANTS: Sarah Perkins Accountancy Services Limited
4 Orchard Close
Biggleswade
Bedfordshire
SG18 0NE

Lilac James Co. Ltd (Registered number: 06669347)

Balance Sheet
31st August 2024

31/8/24 31/8/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 184,632 184,178

CURRENT ASSETS
Debtors 5 82,821 88,371
Cash at bank and in hand 86,260 88,500
169,081 176,871
CREDITORS
Amounts falling due within one year 6 79,702 88,157
NET CURRENT ASSETS 89,379 88,714
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,011

272,892

CREDITORS
Amounts falling due after more than one
year

7

(74,380

)

(85,809

)

PROVISIONS FOR LIABILITIES (378 ) (291 )
NET ASSETS 199,253 186,792

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 199,251 186,790
199,253 186,792

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

Lilac James Co. Ltd (Registered number: 06669347)

Balance Sheet - continued
31st August 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 12th March 2025 and were signed on its behalf by:




Ms K E James - Director



J M Stenton - Director


Lilac James Co. Ltd (Registered number: 06669347)

Notes to the Financial Statements
for the Year Ended 31st August 2024

1. STATUTORY INFORMATION

Lilac James Co. Ltd 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

Lilac James Co. Ltd (Registered number: 06669347)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st September 2023 182,644 11,530 194,174
Additions - 1,970 1,970
At 31st August 2024 182,644 13,500 196,144
DEPRECIATION
At 1st September 2023 - 9,996 9,996
Charge for year - 1,516 1,516
At 31st August 2024 - 11,512 11,512
NET BOOK VALUE
At 31st August 2024 182,644 1,988 184,632
At 31st August 2023 182,644 1,534 184,178

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade debtors 79,703 85,170
Other debtors 3,118 3,201
82,821 88,371

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Bank loans and overdrafts 8,561 11,347
Trade creditors 9,763 7,015
Taxation and social security 48,381 54,284
Other creditors 12,997 15,511
79,702 88,157

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/24 31/8/23
£    £   
Bank loans 74,380 78,476
Other creditors - 7,333
74,380 85,809

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 29,555 21,743

Lilac James Co. Ltd (Registered number: 06669347)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/8/24 31/8/23
£    £   
Within one year 7,053 9,404
Between one and five years - 7,504
7,053 16,908

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £1,356 (2023: £1,196) to K James, a director. The company was owed £219 (2023 owed to: £244) by J Stenton, a director.

The loan is interest free and there are no terms for repayment.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the board of directors.