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Company Registration No. 08952064 (England and Wales)
Lili Waste Services Ltd Unaudited accounts for the year ended 30 September 2024
Lili Waste Services Ltd Unaudited accounts Contents
Page
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Lili Waste Services Ltd Company Information for the year ended 30 September 2024
Director
Mr M Miles
Company Number
08952064 (England and Wales)
Registered Office
Unit 1, Ronnies Wharf 6 Lyons Crescent, Tonbridge Kent TN9 1EX
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
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Lili Waste Services Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
355,411 
81,512 
Tangible assets
2,352,647 
2,563,021 
2,708,058 
2,644,533 
Current assets
Debtors
2,115,911 
1,857,309 
Cash at bank and in hand
262,572 
324,435 
2,378,483 
2,181,744 
Creditors: amounts falling due within one year
(2,165,643)
(2,043,909)
Net current assets
212,840 
137,835 
Total assets less current liabilities
2,920,898 
2,782,368 
Creditors: amounts falling due after more than one year
(1,062,383)
(993,027)
Provisions for liabilities
Deferred tax
(512,295)
(467,172)
Net assets
1,346,220 
1,322,169 
Capital and reserves
Called up share capital
1,006 
1,006 
Share premium
11,691 
11,691 
Revaluation reserve
102,099 
160,099 
Capital redemption reserve
3 
3 
Profit and loss account
1,231,421 
1,149,370 
Shareholders' funds
1,346,220 
1,322,169 
For the year ending 30 September 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 his 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 11 April 2025 and were signed on its behalf by
Mr M Miles Director Company Registration No. 08952064
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Lili Waste Services Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Lili Waste Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 08952064. The registered office is Unit 1, Ronnies Wharf, 6 Lyons Crescent,, Tonbridge, Kent, TN9 1EX.
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
7.5% - 15% reducing balance
Motor vehicles
15% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets
Intangible assets acquired separately from a business are recognized at cost and are subsequently measured at cost less accumulate amortization impairment losses. Intangible assets acquired on business combinations are recognized separately from goodwill at the acquisition date if the fair value can be measured reliably . Amortization is recognized so as to write off the cost or valuation of assets less their residual value over their useful economic lives on the following basis: Trade Waste Rounds - 5 & 6 Years Straight Line Amortization
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Lili Waste Services Ltd Notes to the Accounts for the year ended 30 September 2024
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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 October 2023
338,569 
Additions
369,356 
At 30 September 2024
707,925 
Amortisation
At 1 October 2023
257,057 
Charge for the year
95,457 
At 30 September 2024
352,514 
Net book value
At 30 September 2024
355,411 
At 30 September 2023
81,512 
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Lili Waste Services Ltd Notes to the Accounts for the year ended 30 September 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 October 2023
1,228,052 
3,004,646 
22,035 
82,344 
4,337,077 
Additions
231,876 
243,216 
1,800 
15,291 
492,183 
Disposals
(8,654)
(379,898)
(2,821)
(30,479)
(421,852)
At 30 September 2024
1,451,274 
2,867,964 
21,014 
67,156 
4,407,408 
Depreciation
At 1 October 2023
529,216 
1,179,376 
13,503 
51,961 
1,774,056 
Charge for the year
128,845 
441,584 
1,870 
8,661 
580,960 
On disposals
(4,329)
(268,283)
(1,484)
(26,159)
(300,255)
At 30 September 2024
653,732 
1,352,677 
13,889 
34,463 
2,054,761 
Net book value
At 30 September 2024
797,542 
1,515,287 
7,125 
32,693 
2,352,647 
At 30 September 2023
698,836 
1,825,270 
8,532 
30,383 
2,563,021 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
- 
112,509 
- Motor vehicles
710,015 
1,020,565 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,952,736 
1,789,932 
Accrued income and prepayments
80,050 
49,791 
Other debtors
83,125 
17,586 
2,115,911 
1,857,309 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
215,534 
110,257 
Obligations under finance leases and hire purchase contracts
267,181 
346,553 
Trade creditors
601,722 
413,845 
Taxes and social security
172,321 
199,399 
Other creditors
169,672 
171,511 
Accruals
38,917 
187,885 
Deferred income
700,296 
614,459 
2,165,643 
2,043,909 
The bank loans and overdrafts are secured.
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Lili Waste Services Ltd Notes to the Accounts for the year ended 30 September 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
336,694 
194,507 
Obligations under finance leases and hire purchase contracts
475,689 
548,520 
Other creditors
250,000 
250,000 
1,062,383 
993,027 
Other creditors includes £250,000 (2023 £250,000) due to the director of the company.
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,006 Ordinary shares of £1 each
1,006 
1,006 
10
Transactions with related parties
As At 30/09/2024, Lili Waste Serviced Ltd, is owed £337,293 by Ciney Investments Ltd.
11
Average number of employees
During the year the average number of employees was 48 (2023: 52).
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