Lily Healthcare Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08757713

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		31,918		34,043

			31,918		34,043
CURRENT ASSETS
Debtors	5	396,407		276,736
Cash at bank and in hand		261,156		-

		657,563		276,736
Creditors: Amounts Falling Due Within One Year	6	(394,473 )		(161,386 )

NET CURRENT ASSETS (LIABILITIES)			263,090		115,350

TOTAL ASSETS LESS CURRENT LIABILITIES			295,008		149,393

NET ASSETS			295,008		149,393

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			294,908		149,293

SHAREHOLDERS' FUNDS			295,008		149,393

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Lily Healthcare Limited

Balance Sheet (continued)

As At 30 December 2024

For the year ending 30 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Mary Chitura

Director

30/01/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Lily Healthcare Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08757713 . The registered office is 1 Webley Grove, Dudley, West Midlands, DY1 4FJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25
Fixtures & Fittings	12.5
Computer Equipment	12.5

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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 on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting 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.

...CONTINUED

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Lily Healthcare Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 December 2024

2.4. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 29 (2023: 20)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 31 December 2023	84,931	700	3,056	88,687
Additions	23,212	1,000	990	25,202

As at 30 December 2024	108,143	1,700	4,046	113,889

Depreciation
As at 31 December 2023	52,068	175	2,401	54,644
Provided during the period	26,807	300	220	27,327

As at 30 December 2024	78,875	475	2,621	81,971

Net Book Value
As at 30 December 2024	29,268	1,225	1,425	31,918

As at 31 December 2023	32,863	525	655	34,043

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	396,407	276,736

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Lily Healthcare Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	-	1
Bank loans and overdrafts	6,838	17,715
Amounts owed to participating interests	272,250	81,663
Taxation and social security	115,385	62,007

	394,473	161,386

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

8. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors: NIL

The above loan is unsecured, interest free and repayable on demand.

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