Acorah Software Products - Accounts Production 19.2.450 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 03712173 Garry Fisher Kevin Purchase Daniel Merrills Elizabeth Evans Paul Lilley Paul Lilley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03712173 2024-12-31 03712173 2025-12-31 03712173 2025-01-01 2025-12-31 03712173 frs-core:CurrentFinancialInstruments 2025-12-31 03712173 frs-core:Non-currentFinancialInstruments 2025-12-31 03712173 frs-core:FurnitureFittings 2025-12-31 03712173 frs-core:FurnitureFittings 2025-01-01 2025-12-31 03712173 frs-core:FurnitureFittings 2024-12-31 03712173 frs-core:MotorVehicles 2025-12-31 03712173 frs-core:MotorVehicles 2025-01-01 2025-12-31 03712173 frs-core:MotorVehicles 2024-12-31 03712173 frs-core:ShareCapital 2025-12-31 03712173 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 03712173 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 03712173 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 03712173 frs-bus:SmallEntities 2025-01-01 2025-12-31 03712173 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 03712173 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 03712173 frs-bus:Director1 2025-01-01 2025-12-31 03712173 frs-bus:Director2 2025-01-01 2025-12-31 03712173 frs-bus:Director3 2025-01-01 2025-12-31 03712173 frs-bus:Director4 2025-01-01 2025-12-31 03712173 frs-bus:Director5 2025-01-01 2025-12-31 03712173 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 03712173 frs-countries:EnglandWales 2025-01-01 2025-12-31 03712173 2023-12-31 03712173 2024-12-31 03712173 2024-01-01 2024-12-31 03712173 frs-core:CurrentFinancialInstruments 2024-12-31 03712173 frs-core:Non-currentFinancialInstruments 2024-12-31 03712173 frs-core:ShareCapital 2024-12-31 03712173 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 03712173
P J Lilley Ltd.
Unaudited Financial Statements
For The Year Ended 31 December 2025
Seagrave French
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03712173
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30,975 9,019
30,975 9,019
CURRENT ASSETS
Stocks 5 59,310 45,608
Debtors 6 1,796,479 1,731,921
Cash at bank and in hand 108,809 335,903
1,964,598 2,113,432
Creditors: Amounts Falling Due Within One Year 7 (1,423,907 ) (1,536,708 )
NET CURRENT ASSETS (LIABILITIES) 540,691 576,724
TOTAL ASSETS LESS CURRENT LIABILITIES 571,666 585,743
Creditors: Amounts Falling Due After More Than One Year 8 (12,500 ) (12,500 )
NET ASSETS 559,166 573,243
CAPITAL AND RESERVES
Called up share capital 9 103 103
Profit and Loss Account 559,063 573,140
SHAREHOLDERS' FUNDS 559,166 573,243
Page 1
Page 2
For the year ending 31 December 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.
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
Paul Lilley
Director
16/06/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
P J Lilley Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 03712173 . The registered office is 39-39a Beardall Street, Hucknall, Nottingham, NG15 7RJ.
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. 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:
Motor Vehicles 25% - Straight Line
Fixtures & Fittings 25% - Straight Line
2.4. 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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 72 (2024: 77)
72 77
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2025 6,275 14,974 21,249
Additions 28,153 - 28,153
As at 31 December 2025 34,428 14,974 49,402
Depreciation
As at 1 January 2025 522 11,708 12,230
Provided during the period 3,327 2,870 6,197
As at 31 December 2025 3,849 14,578 18,427
Net Book Value
As at 31 December 2025 30,579 396 30,975
As at 1 January 2025 5,753 3,266 9,019
5. Stocks
2025 2024
£ £
Stock 59,310 45,608
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,116,777 916,317
Amounts recoverable on contracts 302,557 292,014
Amounts owed by group undertakings 12,866 366
Other debtors 364,279 523,224
1,796,479 1,731,921
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 913,090 989,465
Other creditors 8,111 41,869
Taxation and social security 502,706 505,374
1,423,907 1,536,708
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 12,500 12,500
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 103 103
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