Lilac Energy Software Solutions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC447961 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2021

FOR

LILAC ENERGY SOFTWARE SOLUTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Dineen

M I Pope

REGISTERED OFFICE:

Bank House

20a Strathearn Road

Edinburgh

Lothian

EH9 2AB

REGISTERED NUMBER:

SC447961 (Scotland)

ACCOUNTANTS:

Mc Creath & Co Limited

Bank House

20A Strathearn Road

Edinburgh

EH9 2AB

FIXED ASSETS

Tangible assets

4

9,569

4,874

CURRENT ASSETS

Debtors

5

99,104

262,471

Cash at bank

603,728

452,445

702,832

714,916

CREDITORS

Amounts falling due within one year

6

381,476

588,508

NET CURRENT ASSETS

321,356

126,408

TOTAL ASSETS LESS CURRENT LIABILITIES

330,925

131,282

PROVISIONS FOR LIABILITIES

1,818

-

NET ASSETS

329,107

131,282

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

328,807

130,982

SHAREHOLDERS' FUNDS

329,107

131,282

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 January 2022 and were signed on its behalf by:

M Dineen - Director

M I Pope - Director

1.	STATUTORY INFORMATION

Lilac Energy Software Solutions Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents sales of services net of value added tax

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Amounts recoverable on contracts

Amounts recoverable on contracts are stated at the value of turnover attributed to the stage of completion on each individual contract less payments on account received and receivable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2020 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 May 2020

15,280

Additions

7,432

At 30 April 2021

22,712

DEPRECIATION

At 1 May 2020

10,406

Charge for year

2,737

At 30 April 2021

13,143

NET BOOK VALUE

At 30 April 2021

9,569

At 30 April 2020

4,874

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

10,640

256,371

Amounts recoverable on contract

84,616

-

Other debtors

3,848

6,100

99,104

262,471

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Payments on account

236,040

528,770

Trade creditors

1,851

1,588

Taxation and social security

110,775

44,676

Other creditors

32,810

13,474

381,476

588,508

7.	ULTIMATE CONTROLLING PARTY

During the period under review the company was controlled by its Directors