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Company Registration No. 03171649 (England and Wales)
Liley Design Partners Limited Unaudited accounts for the year ended 31 March 2025
Liley Design Partners Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Liley Design Partners Limited Company Information for the year ended 31 March 2025
Directors
Mrs Ruth Liley Mr Roger Liley
Company Number
03171649 (England and Wales)
Registered Office
Building 6 30 Friern Park London N12 9DA United Kingdom
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Liley Design Partners Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
347
2
Current assets
Debtors
5
500
-
Cash at bank and in hand
314
1,017
814
1,017
Creditors: amounts falling due within one year
6
(23,794)
(18,742)
Net current liabilities
(22,980)
(17,725)
Net liabilities
(22,633)
(17,723)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(22,733)
(17,823)
Shareholders' funds
(22,633)
(17,723)
For the year ending 31 March 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 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 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 of Directors and authorised for issue on 29 October 0225 and were signed on its behalf by
Mrs Ruth Liley Director Company Registration No. 03171649
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Liley Design Partners Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Liley Design Partners Limited is a private company, limited by shares, registered in England and Wales, registration number 03171649. The registered office is Building 6 , 30 Friern Park, London, N12 9DA, United Kingdom.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
33% Straight line
Turnover
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.
Going concern
The company's financial statements are prepared on a going concern basis on the grounds that current and future sources of funding or support from the directors will be continued to be received.
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Liley Design Partners Limited Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 April 2024
22,471
Additions
518
At 31 March 2025
22,989
Depreciation
At 1 April 2024
22,469
Charge for the year
173
At 31 March 2025
22,642
Net book value
At 31 March 2025
347
At 31 March 2024
2
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
500
-
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
1,499
1,244
Loans from directors
21,299
16,998
Accruals
996
500
23,794
18,742
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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