Company registration number: 12447909
Unaudited financial statements
for the year ended 28 February 2025
for
Lylm Ltd
Pages for filing with the Registrar
Company registration number: 12447909
Lylm Ltd
Balance sheet
as at 28 February 2025
28 Feb 25 29 Feb 24
Note £ £ £ £
Fixed assets
Tangible assets 4 22,702 17,871
22,702 17,871
Current assets
Stocks 219,000 159,000
Debtors 10,929 16,597
Cash at bank and in hand 17,612 8,998
247,541 184,595
Creditors: amounts falling due within one
year 		(314,094) (261,444)
Net current liabilities (66,553) (76,849)
Total assets less current liabilities (43,851) (58,978)
Creditors: Amounts falling due after more
than one year 		(70,968) (59,888)
NET LIABILITIES (114,819) (118,866)
Capital and reserves
Called up share capital 100 100
Profit and loss account (114,919) (118,966)
TOTAL EQUITY (114,819) (118,866)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 28 February 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 12447909
Lylm Ltd
Balance sheet - continued
as at 28 February 2025
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Ms L Zhang, Director
30 November 2025
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Lylm Ltd
Notes to the financial statements
for the year ended 28 February 2025
1 Company information
Lylm Ltd is a private company registered in England and Wales. Its registered number is 12447909. The company is limited by shares. Its registered office is 60 Suttons Business Park, Reading, RG6 1AZ.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 18% reducing balance
Motor vehicles - 18% reducing balance
Computer equipment - 20% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
3 Average number of employees
During the year the average number of employees was 1 (2024 - 1).
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Lylm Ltd
Notes to the financial statements - continued
for the year ended 28 February 2025
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 March 2024 22,037
Additions 8,125
At 28 February 2025 30,162
Depreciation
At 1 March 2024 4,166
Charge for year 3,294
At 28 February 2025 7,460
Net book value
At 28 February 2025 22,702
At 29 February 2024 17,871
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