Abbreviated Company Accounts - LILIA GLOBAL LTD
Abbreviated Company Accounts - LILIA GLOBAL LTD
Registered Number 07515250
LILIA GLOBAL LTD
Abbreviated Accounts
28 February 2014
LILIA GLOBAL LTD Registered Number 07515250
Abbreviated Balance Sheet as at 28 February 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
For the year ending 28 February 2014 the company was entitled to exemption 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.
Approved by the Board on
And signed on their behalf by:
LILIA GLOBAL LTD Registered Number 07515250
Notes to the Abbreviated Accounts for the period ended 28 February 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Equipment - 33.33%
Other accounting policies
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
£ | |
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Cost | |
At 1 March 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 28 February 2014 |
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Depreciation | |
At 1 March 2013 |
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Charge for the year |
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On disposals |
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At 28 February 2014 |
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Net book values | |
At 28 February 2014 | 1,458 |
At 28 February 2013 | - |
All fixed assets are initially recorded at cost.