REGISTERED NUMBER: 04709414 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Price . Lilford Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Lilford

M Lilford

REGISTERED OFFICE:

17 Old Dover Road

Canterbury

Kent

CT1 3JB

REGISTERED NUMBER:

04709414 (England and Wales)

ACCOUNTANTS:

A.K & Co (Accountancy Services) Ltd

19 Victoria Terrace

Hove

East Sussex

BN3 2WB

FIXED ASSETS

Tangible assets

4

1,654

3,272

CURRENT ASSETS

Debtors

5

30,399

34,604

Cash at bank

24,636

45,001

55,035

79,605

CREDITORS

Amounts falling due within one year

6

44,213

71,430

NET CURRENT ASSETS

10,822

8,175

TOTAL ASSETS LESS CURRENT LIABILITIES

12,476

11,447

CREDITORS

Amounts falling due after more than one year

7

(7,400

)

(11,100

)

PROVISIONS FOR LIABILITIES

(314

)

-

NET ASSETS

4,762

347

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

4,752

337

4,762

347

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

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

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2025 and were signed on its behalf by:

P Lilford - Director

1.	STATUTORY INFORMATION

Price . Lilford 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

-

25% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

770

8,367

7,846

16,983

Additions

-

582

-

582

At 31 March 2025

770

8,949

7,846

17,565

DEPRECIATION

At 1 April 2024

770

6,665

6,276

13,711

Charge for year

-

630

1,570

2,200

At 31 March 2025

770

7,295

7,846

15,911

NET BOOK VALUE

At 31 March 2025

-

1,654

-

1,654

At 31 March 2024

-

1,702

1,570

3,272

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

5,840

-

Amounts recoverable on contract

17,893

22,044

Other debtors

6,619

6,169

Directors' current accounts

-

6,090

Prepayments

47

301

30,399

34,604

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

3,702

21,377

Tax

12,745

17,832

Social security and other taxes

3,083

4,671

VAT

17,932

17,669

Other creditors

6,751

8,441

Accrued expenses

-

1,440

44,213

71,430

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans < 1 year

7,400

11,100