Registered Number: 08662676
England & Wales
LISA HILL LTD
Unaudited Financial Statements
For the year ended 31 March 2024
LISA HILL LTD
BALANCE SHEET
As at 31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible fixed assets 3 1,027 720
Current assets
Debtors 4 871 1,871
Cash at bank and in hand 39,711 38,366
40,582 40,237
Creditors - amounts falling due within one year 5 (14,919) (10,147)
Net current assets 25,663 30,090
Total assets less current liabilities 26,690 30,810
Provisions for liabilities (195) (137)
Net assets 26,495 30,673
Capital and reserves
Called up share capital 100 100
Profit and loss account 26,395 30,573
Shareholder's funds 26,495 30,673
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit of its accounts in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Register of Companies.
Approved by the board on 27 March 2025 and signed on its behalf by
Lisa Dawn Hill
Director
The notes on pages 2 to 4 form an integral part of these accounts
Page 1
LISA HILL LTD
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
1. Accounting policies
(a) Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
(b) Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Revenue 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.
(c) Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost of tangible assets over their estimated useful lives:
Plant and machinery etc 20% to 25% reducing balance
(d) Taxation
Taxation represents the sum of tax currently payable and deferred tax. 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 in full in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The carrying amount of deferred tax assets is reviewed at the end of each accounting 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.
(e) Foreign currency translation
Transactions in foreign currencies are recorded at the average exchange rate for the month in which the transaction takes place. Monetary assets and liabilities denominated in foreign currencies are translated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.
(f) Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Page 2
LISA HILL LTD
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
2. Employees 2024 2023
Number Number
Average number of persons employed by the company including directors 1 1
3. Tangible fixed assets
Plant and
Machinery
etc
£
Cost
At 1 April 2023 5,039
Additions 606
At 31 March 2024 5,645
Depreciation
At 1 April 2023 4,319
Charge for the year 299
At 31 March 2024 4,618
Net book value
At 31 March 2024 1,027
At 31 March 2023 720
4. Debtors 2024 2023
£ £
Trade debtors 871 1,871
871 1,871
Page 3
LISA HILL LTD
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
5. Creditors - amounts falling due within one year 2024 2023
£ £
Trade creditors - 54
Taxation and social security costs 9,094 8,111
Accruals and deferred income 2,100 1,650
Director's loan 3,725 332
14,919 10,147
6. Controlling party
The company is controlled by Lisa Dawn Hill by virtue of her holding in the company.
7. Statutory information
The company is a private company limited by shares and incorporated in England. Its registered office is:
22a Barrett Road
London
E17 9ET
Page 4
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