Registered number
11379535
Liyi Limited
Filleted Accounts
31 May 2025
Liyi Limited
Registered number: 11379535
Balance Sheet
as at 31 May 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 - -
- -
Current assets
Stocks 3,654 4,361
Cash at bank and in hand 1,222 419
4,876 4,780
Creditors: amounts falling due within one year 5 (8,234) (8,239)
Net current liabilities (3,358) (3,459)
Total assets less current liabilities (3,358) (3,459)
Creditors: amounts falling due after more than one year 6 (31,474) (39,591)
Net liabilities (34,832) (43,050)
Capital and reserves
Called up share capital 100 100
Profit and loss account (34,932) (43,150)
Shareholders' funds (34,832) (43,050)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 Registrar of Companies.
Tin Tin New
Director
Approved by the board on 16 June 2025
Liyi Limited
Notes to the Accounts
for the year ended 31 May 2025
1 Accounting policies
Basis of preparation
The accounts 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).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2024 -
Additions -
Disposals -
At 31 May 2025 -
Amortisation
At 1 June 2024 -
Provided during the year -
On disposals -
At 31 May 2025 -
Net book value
At 31 May 2025 -
At 31 May 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 June 2024 - - - -
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 31 May 2025 - - - -
Depreciation
At 1 June 2024 - - - -
Charge for the year - - - -
Surplus on revaluation - - - -
On disposals - - - -
At 31 May 2025 - - - -
Net book value
At 31 May 2025 - - - -
At 31 May 2024 - - - -
Freehold land and buildings: 2025 2024
£ £
Historical cost - -
Cumulative depreciation based on historical cost - -
- -
[For revalued assets, state the years in which the assets were valued and their values. For assets revalued during the reporting period, state the names of the persons who revalued them or particulars of their qualifications for doing so and the bases of valuation used by them.]
5 Creditors: amounts falling due within one year 2025 2024
£ £
Non-equity preference shares - -
Bank loans and overdrafts - -
Obligations under finance lease and hire purchase contracts - -
Trade creditors 741 665
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Taxation and social security costs 6,093 6,174
Other creditors 1,400 1,400
8,234 8,239
6 Creditors: amounts falling due after one year 2025 2024
£ £
Non-equity preference shares - -
Bank loans 31,474 39,591
Obligations under finance lease and hire purchase contracts - -
Trade creditors - -
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Other creditors - -
31,474 39,591
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