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 2015

LILY LOLO LIMITED Registered Number 05443092

Abbreviated Balance Sheet as at 31 May 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 24,364 52,031
Tangible assets 3 422,739 50,962
447,103 102,993
Current assets
Stocks 198,600 130,000
Debtors 53,533 56,369
Cash at bank and in hand 826,830 938,349
1,078,963 1,124,718
Creditors: amounts falling due within one year (236,521) (178,379)
Net current assets (liabilities) 842,442 946,339
Total assets less current liabilities 1,289,545 1,049,332
Provisions for liabilities (14,832) (20,930)
Total net assets (liabilities) 1,274,713 1,028,402
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,274,613 1,028,302
Shareholders' funds 1,274,713 1,028,402
  • For the year ending 31 May 2015 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 July 2015

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 2015

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 2014 104,108
Additions -
Disposals (6,603)
Revaluations -
Transfers -
At 31 May 2015 97,505
Amortisation
At 1 June 2014 52,077
Charge for the year 24,366
On disposals (3,302)
At 31 May 2015 73,141
Net book values
At 31 May 2015 24,364
At 31 May 2014 52,031
3Tangible fixed assets
£
Cost
At 1 June 2014 88,791
Additions 388,575
Disposals (12,173)
Revaluations -
Transfers -
At 31 May 2015 465,193
Depreciation
At 1 June 2014 37,829
Charge for the year 8,255
On disposals (3,630)
At 31 May 2015 42,454
Net book values
At 31 May 2015 422,739
At 31 May 2014 50,962