LILFORDS LTD


Directors	Lorraine Bridden
	Timothy John Bridden


Registered Address	Unit 3 Endsleigh Park
	Endsleigh
	Ivybridge
	PL21 9JL


Registered Number	07232775 (England and Wales)

Balance Sheet as at
30 September 2025

	Notes	2025		2024
		£	£	£	£
Current assets
Stocks	3	21,000		21,000
Debtors	4	34,172		27,247
Cash at bank and on hand		1,058		1,548
		56,230		49,795
Creditors amounts falling due within one year	5	(12,058)		(11,617)
Net current assets (liabilities)			44,172		38,178
Total assets less current liabilities			44,172		38,178
Creditors amounts falling due after one year	6		(16,185)		(16,967)
Net assets			27,987		21,211
Capital and reserves
Called up share capital			100		100
Profit and loss account			27,887		21,111
Shareholders' funds			27,987		21,211

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 27 May 2026, and are signed on its behalf by:

Timothy John Bridden
Director
Registered Company No. 07232775

LILFORDS LTD

Notes to the Financial Statements
for the year ended 30 September 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	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.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Stocks

	2025	2024
	£	£
Work in progress	21,000	21,000
Total	21,000	21,000

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	12,000	1,320
Other debtors	22,172	25,927
Total	34,172	27,247

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	1,100
Bank borrowings and overdrafts	1,407	2,066
Taxation and social security	2,364	193
Other creditors	7,138	7,138
Accrued liabilities and deferred income	1,149	1,120
Total	12,058	11,617

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	1,407
Other creditors	16,185	15,560
Total	16,185	16,967

7.	Provisions for liabilities

8.	Related party transactions
	Included within liabilities are amounts owing to Mr and Mrs Bridden of £22,672 (2024 £22,048)