0 01/11/2023 31/10/2024 2024-10-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-11-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 07822000 2023-11-01 2024-10-31 07822000 2024-10-31 07822000 2023-10-31 07822000 2022-11-01 2023-10-31 07822000 2023-10-31 07822000 2022-10-31 07822000 core:PlantMachinery 2023-11-01 2024-10-31 07822000 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 07822000 bus:RegisteredOffice 2023-11-01 2024-10-31 07822000 bus:LeadAgentIfApplicable 2023-11-01 2024-10-31 07822000 bus:Director1 2023-11-01 2024-10-31 07822000 bus:Director2 2023-11-01 2024-10-31 07822000 bus:Director3 2023-11-01 2024-10-31 07822000 core:PlantMachinery 2023-10-31 07822000 core:FurnitureFittingsToolsEquipment 2023-10-31 07822000 core:LandBuildings core:OwnedOrFreeholdAssets 2024-10-31 07822000 core:LandBuildings core:LongLeaseholdAssets 2024-10-31 07822000 core:PlantMachinery 2024-10-31 07822000 core:FurnitureFittingsToolsEquipment 2024-10-31 07822000 core:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 07822000 core:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 07822000 core:WithinOneYear 2024-10-31 07822000 core:WithinOneYear 2023-10-31 07822000 core:AfterOneYear 2024-10-31 07822000 core:ShareCapital 2024-10-31 07822000 core:ShareCapital 2023-10-31 07822000 core:RetainedEarningsAccumulatedLosses 2024-10-31 07822000 core:RetainedEarningsAccumulatedLosses 2023-10-31 07822000 core:ShareCapital 2022-10-31 07822000 core:RetainedEarningsAccumulatedLosses 2022-10-31 07822000 core:PreviouslyStatedAmount core:ShareCapital 2024-10-31 07822000 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-31 07822000 core:LandBuildings core:LongLeaseholdAssets 2023-10-31 07822000 core:PlantMachinery 2023-10-31 07822000 core:FurnitureFittingsToolsEquipment 2023-10-31 07822000 bus:Director1 2024-10-31 07822000 bus:Director3 2024-10-31 07822000 bus:SmallEntities 2023-11-01 2024-10-31 07822000 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 07822000 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 07822000 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07822000 bus:FullAccounts 2023-11-01 2024-10-31
Company registration number: 07822000
Lily RK Limited
Unaudited filleted financial statements
31 October 2024
Lily RK Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Lily RK Limited
Directors and other information
Directors Mrs Lily Singh
Mr Prateush Singh
Dr Rakesh Kumar Singh
Company number 07822000
Registered office 56 Chorley New Road
Bolton
Lancashire
BL1 4AP
Business address 600 Burton Road
Midway
Swadlincote
Derbyshire
DE11 0DP
Accountants Raja & Co.
56 Chorley New Road
Bolton
Lancashire
BL1 4AP
Bankers TSB Bank plc
Lily RK Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Lily RK Limited
Year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lily RK Limited for the year ended 31 October 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Lily RK Limited, as a body, in accordance with the terms of our engagement letter dated 1 October 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Lily RK Limited and state those matters that we have agreed to state to the board of directors of Lily RK Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lily RK Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Lily RK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lily RK Limited. You consider that Lily RK Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Lily RK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Raja & Co.
Chartered Accountants
56 Chorley New Road
Bolton
Lancashire
BL1 4AP
14 July 2025
Lily RK Limited
Statement of financial position
31 October 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 3,396,262 3,399,348
_______ _______
3,396,262 3,399,348
Current assets
Debtors 5 281,091 281,571
Cash at bank and in hand 257,512 27,155
_______ _______
538,603 308,726
Creditors: amounts falling due
within one year 6 ( 142,064) (145,006)
_______ _______
Net current assets/(liabilities) 396,539 163,720
_______ _______
Total assets less current liabilities 3,792,801 3,563,068
Creditors: amounts falling due
after more than one year 7 ( 2,629,180) (2,641,111)
_______ _______
Net assets 1,163,621 921,957
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,163,521 921,857
_______ _______
Shareholders funds 1,163,621 921,957
_______ _______
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 14 July 2025 , and are signed on behalf of the board by:
Mrs Lily Singh
Director
Company registration number: 07822000
Lily RK Limited
Statement of changes in equity
Year ended 31 October 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 November 2022 100 635,457 635,557
Profit for the year 286,400 286,400
_______ _______ _______
Total comprehensive income for the year - 286,400 286,400
_______ _______ _______
At 31 October 2023 and 1 November 2023 100 921,857 921,957
Profit for the year 241,664 241,664
_______ _______ _______
Total comprehensive income for the year - 241,664 241,664
_______ _______ _______
At 31 October 2024 100 1,163,521 1,163,621
_______ _______ _______
Lily RK Limited
Notes to the financial statements
Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 56 Chorley New Road, Bolton, Lancashire, BL1 4AP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % reducing balance
Fittings fixtures and equipment - 15 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Tangible assets
Freehold property Long leasehold property Plant and machinery Fixtures, fittings and equipment Total
£ £ £ £ £
Cost
At 1 November 2023 and 31 October 2024 2,101,045 1,278,081 6,572 65,121 3,450,819
_______ _______ _______ _______ _______
Depreciation
At 1 November 2023 - - 6,046 45,425 51,471
Charge for the year - - 132 2,954 3,086
_______ _______ _______ _______ _______
At 31 October 2024 - - 6,178 48,379 54,557
_______ _______ _______ _______ _______
Carrying amount
At 31 October 2024 2,101,045 1,278,081 394 16,742 3,396,262
_______ _______ _______ _______ _______
At 31 October 2023 2,101,045 1,278,081 526 19,696 3,399,348
_______ _______ _______ _______ _______
5. Debtors
2024 2023
£ £
Trade debtors 158,296 158,776
Other debtors 122,795 122,795
_______ _______
281,091 281,571
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 5,558 4,242
Corporation tax 80,640 83,409
Social security and other taxes 44,766 46,855
Other creditors 11,100 2,651,611
_______ _______
142,064 2,786,117
_______ _______
7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 2,629,180 -
_______ _______
8. Directors advances, credits and guarantees
Balance brought forward and o/standing Balance brought forward and o/standing
2024 2023
£ £
Mrs Lily Singh 1,253,192 1,320,555
Dr Rakesh Kumar Singh 1,253,193 1,320,556
_______ _______
2,506,385 2,641,111
_______ _______