Abbreviated Company Accounts - LILY LOLO LIMITED

Abbreviated Company Accounts - LILY LOLO LIMITED

LILY LOLO LIMITED - Company Information

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Registered Number 05443092

LILY LOLO LIMITED

Abbreviated Accounts

31 May 2014

LILY LOLO LIMITED Registered Number 05443092

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 52,031 49,583
Tangible assets 3 50,962 50,653
102,993 100,236
Current assets
Stocks 130,000 96,000
Debtors 56,369 40,420
Cash at bank and in hand 938,349 843,770
1,124,718 980,190
Creditors: amounts falling due within one year (178,379) (184,831)
Net current assets (liabilities) 946,339 795,359
Total assets less current liabilities 1,049,332 895,595
Provisions for liabilities (20,930) (20,218)
Total net assets (liabilities) 1,028,402 875,377
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,028,302 875,277
Shareholders' funds 1,028,402 875,377
  • For the year ending 31 May 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 14 August 2014

And signed on their behalf by:
VIKKI KHAN, Director

LILY LOLO LIMITED Registered Number 05443092

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Intangible fixed assets
£
Cost
At 1 June 2013 80,838
Additions 23,270
Disposals -
Revaluations -
Transfers -
At 31 May 2014 104,108
Amortisation
At 1 June 2013 31,255
Charge for the year 20,822
On disposals -
At 31 May 2014 52,077
Net book values
At 31 May 2014 52,031
At 31 May 2013 49,583
3Tangible fixed assets
£
Cost
At 1 June 2013 79,488
Additions 9,303
Disposals -
Revaluations -
Transfers -
At 31 May 2014 88,791
Depreciation
At 1 June 2013 28,835
Charge for the year 8,994
On disposals -
At 31 May 2014 37,829
Net book values
At 31 May 2014 50,962
At 31 May 2013 50,653