Company Registration No. 15658694 (England and Wales)
Lilac Library's Ltd
Unaudited accounts
for the period from 18 April 2024 to 30 April 2025
Lilac Library's Ltd
Unaudited accounts
Contents
Lilac Library's Ltd
Company Information
for the period from 18 April 2024 to 30 April 2025
Company Number
15658694 (England and Wales)
Registered Office
Oak View Ashurst Bridge Road
Totton
Southampton
SO40 7EA
England
Accountants
The Accounting Studio Limited
23 Downscroft Gardens
Hedge End
Southampton
Hampshire
SO30 4RR
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Lilac Library's Ltd for the period from 18 April 2024 to 30 April 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Lilac Library's Ltd for the period from
18 April 2024 to
30 April 2025 as set out on pages
5 -
7 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 icaew.com/membershandbook.
This report is made solely to the Board of Directors of Lilac Library's Ltd, as a body, in accordance with the terms of our engagement letter dated 25 February 2025. Our work has been undertaken solely to prepare for your approval the accounts of Lilac Library's Ltd and state those matters that we have agreed to state to the Board of Directors of Lilac Library's Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lilac Library's Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Lilac Library's Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Lilac Library's Ltd. You consider that Lilac Library's Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Lilac Library's Ltd. 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 accounts.
The Accounting Studio Limited
Chartered Accountants
23 Downscroft Gardens
Hedge End
Southampton
Hampshire
SO30 4RR
10 July 2025
Lilac Library's Ltd
Statement of financial position
as at 30 April 2025
Cash at bank and in hand
25,010
Creditors: amounts falling due within one year
(426,090)
Net current assets
162,733
Called up share capital
100
Profit and loss account
164,216
Shareholders' funds
164,316
For the period ending 30 April 2025 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 October 2025 and were signed on its behalf by
Fern Manning
Director
Company Registration No. 15658694
Lilac Library's Ltd
Notes to the Accounts
for the period from 18 April 2024 to 30 April 2025
Lilac Library's Ltd is a private company, limited by shares, registered in England and Wales, registration number 15658694. The registered office is Oak View Ashurst Bridge Road, Totton, Southampton, SO40 7EA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the period from 18 April 2024 to 30 April 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 18 April 2024.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Straight line over 3-5 years
Computer equipment
Straight line over 3-5 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Lilac Library's Ltd
Notes to the Accounts
for the period from 18 April 2024 to 30 April 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 30 April 2025
750
1,680
2,430
Charge for the period
250
542
792
At 30 April 2025
250
597
847
At 30 April 2025
500
1,083
1,583
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
Taxes and social security
76,525
During the year Ms Manning, a director of the company was advanced a maximum of £456,815. The balance outstanding at the year end was £404,281. The advance was repayable on demand and attracted an interest rate of £2.25%. The balance was fully repaid within 9months of the year end.
8
Average number of employees
During the period the average number of employees was 2.