Lillicoco Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 10307096

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		73,805		72,490
Tangible Assets	5		53,469		66,947

			127,274		139,437
CURRENT ASSETS
Stocks	6	317,681		364,828
Debtors	7	149,029		80,068
Cash at bank and in hand		97,104		282,279

		563,814		727,175
Creditors: Amounts Falling Due Within One Year	8	(271,150 )		(252,478 )

NET CURRENT ASSETS (LIABILITIES)			292,664		474,697

TOTAL ASSETS LESS CURRENT LIABILITIES			419,938		614,134

Creditors: Amounts Falling Due After More Than One Year	9		(43,197 )		(150,366 )

NET ASSETS			376,741		463,768

CAPITAL AND RESERVES
Called up share capital	11		473,466		473,466
Share premium account			756,634		756,634
Profit and Loss Account			(853,359 )		(766,332 )

SHAREHOLDERS' FUNDS			376,741		463,768

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Lillicoco Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their 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

Mr S Green

Director

18/09/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Lillicoco Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10307096 . The registered office is 17-18 Berkeley Square, Square Works, Clifton, Bristol, BS8 1HB.

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. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are website development costs. It is amortised to the profit and loss account using a 15% straight line method.

2.4. 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:

Plant & Machinery	25% reducing balance
Motor Vehicles	20% reducing balance
Computer Equipment	25% reducing balance

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Lillicoco Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2023: 13)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	88,701
Additions	16,637

As at 31 December 2024	105,338

Amortisation
As at 1 January 2024	16,211
Provided during the period	15,322

As at 31 December 2024	31,533

Net Book Value
As at 31 December 2024	73,805

As at 1 January 2024	72,490

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Lillicoco Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	11,504	27,245	85,086	123,835
Additions	-	-	2,719	2,719

As at 31 December 2024	11,504	27,245	87,805	126,554

Depreciation
As at 1 January 2024	5,448	9,263	42,177	56,888
Provided during the period	1,514	3,597	11,086	16,197

As at 31 December 2024	6,962	12,860	53,263	73,085

Net Book Value
As at 31 December 2024	4,542	14,385	34,542	53,469

As at 1 January 2024	6,056	17,982	42,909	66,947

6. Stocks

	31 December 2024	31 December 2023
	£	£
Stock	317,681	364,828

7. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Trade debtors	137,543	52,498
Other debtors	11,486	27,570

	149,029	80,068

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Lillicoco Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Net obligations under finance lease and hire purchase contracts	-	260
Trade creditors	65,596	16,268
Other loans	172,214	228,568
Other creditors	20,102	4,119
Taxation and social security	13,238	3,263

	271,150	252,478

9. Creditors: Amounts Falling Due After More Than One Year

	31 December 2024	31 December 2023
	£	£
Other loans	43,197	150,366

10. Obligations Under Finance Leases and Hire Purchase

	31 December 2024	31 December 2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	260

11. Share Capital

	31 December 2024	31 December 2023
	£	£
Allotted, Called up and fully paid	473,466	473,466

12. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Simon Green	1,380	-	1,380	-	-

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

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