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REGISTERED NUMBER: 09038534 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2025

for

Lit Within Limited

Lit Within Limited (Registered number: 09038534)






Contents of the Financial Statements
for the year ended 31 May 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lit Within Limited

Company Information
for the year ended 31 May 2025







DIRECTOR: M J Gilmore





REGISTERED OFFICE: Unit 6, Cherrytree Farm
Blackmore End Road
Sible Hedingham
HALSTEAD
Essex
CO9 3LZ





REGISTERED NUMBER: 09038534 (England and Wales)





ACCOUNTANTS: Simpson Forbes Accountants
Unit 6,CherryTree Farm
Blackmore End Road
Sible Hedingham
Essex
CO9 3LZ

Lit Within Limited (Registered number: 09038534)

Balance Sheet
31 May 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 861 1,179

CURRENT ASSETS
Debtors 5 1,461 2,352
Cash at bank 61,980 18,628
63,441 20,980
CREDITORS
Amounts falling due within one year 6 50,865 21,765
NET CURRENT ASSETS/(LIABILITIES) 12,576 (785 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,437

394

PROVISIONS FOR LIABILITIES 229 229
NET ASSETS 13,208 165

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 13,108 65
SHAREHOLDERS' FUNDS 13,208 165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 15 August 2025 and were signed by:




M J Gilmore - Director


Lit Within Limited (Registered number: 09038534)

Notes to the Financial Statements
for the year ended 31 May 2025

1. STATUTORY INFORMATION

Lit Within Limited 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 - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

Lit Within Limited (Registered number: 09038534)

Notes to the Financial Statements - continued
for the year ended 31 May 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2024
and 31 May 2025 7,832
DEPRECIATION
At 1 June 2024 6,653
Charge for year 318
At 31 May 2025 6,971
NET BOOK VALUE
At 31 May 2025 861
At 31 May 2024 1,179

5. DEBTORS
2025 2024
£    £   
Amounts falling due within one year:
Other debtors 1,461 1,192

Amounts falling due after more than one year:
Other debtors - 1,160

Aggregate amounts 1,461 2,352

Included in debtors is £301 of S455 income tax deposit on the overdrawn director's loan account, which is recoverable nine months after the year end in which the loan is repaid.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 23 1,373
Taxation and social security 44,720 14,763
Other creditors 6,122 5,629
50,865 21,765

7. RESERVES
Retained
earnings
£   

At 1 June 2024 65
Profit for the year 83,043
Dividends (70,000 )
At 31 May 2025 13,108

Lit Within Limited (Registered number: 09038534)

Notes to the Financial Statements - continued
for the year ended 31 May 2025

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

2025 2024
£    £   
M J Gilmore
Balance outstanding at start of year 891 -
Amounts advanced - 891
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 891

9. RELATED PARTY DISCLOSURES

At 31st May 2025, the company was advanced an interest free loan of £4,585 from Mrs P Gilmore, the mother of the director.

The company charged interest of £913 on the overdrawn director's loan account through the year.

10. ULTIMATE CONTROLLING PARTY

The controlling party is M J Gilmore.