Lilia Global Ltd Filleted accounts for Companies House (small and micro)

Lilia Global Ltd Filleted accounts for Companies House (small and micro)

LILIA GLOBAL LTD - Company Information

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0 false false false false false false false false false true false false false false false false No description of principal activity 2021-03-01 Sage Accounts Production Advanced 2021 - FRS102_2021 2,870 2,307 563 2,870 563 xbrli:pure xbrli:shares iso4217:GBP 07515250 2021-03-01 2022-02-28 07515250 2022-02-28 07515250 2021-02-28 07515250 2020-03-01 2021-02-28 07515250 2021-02-28 07515250 bus:Director1 2021-03-01 2022-02-28 07515250 core:WithinOneYear 2022-02-28 07515250 core:WithinOneYear 2021-02-28 07515250 core:ShareCapital 2022-02-28 07515250 core:ShareCapital 2021-02-28 07515250 core:RetainedEarningsAccumulatedLosses 2022-02-28 07515250 core:RetainedEarningsAccumulatedLosses 2021-02-28 07515250 bus:SmallEntities 2021-03-01 2022-02-28 07515250 bus:AuditExemptWithAccountantsReport 2021-03-01 2022-02-28 07515250 bus:FullAccounts 2021-03-01 2022-02-28 07515250 bus:SmallCompaniesRegimeForAccounts 2021-03-01 2022-02-28 07515250 bus:PrivateLimitedCompanyLtd 2021-03-01 2022-02-28 07515250 core:OfficeEquipment 2021-03-01 2022-02-28 07515250 core:OfficeEquipment 2022-02-28 07515250 core:OfficeEquipment 2021-02-28
COMPANY REGISTRATION NUMBER: 07515250
Lilia Global Ltd
Filleted Unaudited Financial Statements
28 February 2022
Lilia Global Ltd
Statement of Financial Position
28 February 2022
2022
2021
Note
£
£
£
Fixed assets
Tangible assets
5
–
563
Current assets
Debtors
6
–
24,327
Cash at bank and in hand
81
22
----
--------
81
24,349
Creditors: amounts falling due within one year
7
82,300
95,239
--------
--------
Net current liabilities
82,219
70,890
--------
--------
Total assets less current liabilities
( 82,219)
( 70,327)
--------
--------
Net liabilities
( 82,219)
( 70,327)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 82,319)
( 70,427)
--------
--------
Shareholders deficit
( 82,219)
( 70,327)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Lilia Global Ltd
Statement of Financial Position (continued)
28 February 2022
These financial statements were approved by the board of directors and authorised for issue on 23 August 2023 , and are signed on behalf of the board by:
Mrs VB Waldman
Director
Company registration number: 07515250
Lilia Global Ltd
Notes to the Financial Statements
Year ended 28 February 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, NW11 0DH, London.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
33% straight line
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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2021: 2 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 March 2021 and 28 February 2022
2,870
2,870
-------
-------
Depreciation
At 1 March 2021
2,307
2,307
Charge for the year
563
563
-------
-------
At 28 February 2022
2,870
2,870
-------
-------
Carrying amount
At 28 February 2022
–
–
-------
-------
At 28 February 2021
563
563
-------
-------
6. Debtors
2022
2021
£
£
Other debtors
–
24,327
----
--------
7. Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
37,417
37,500
Corporation tax
26,358
26,359
Social security and other taxes
4,800
–
Unpaid wages
–
24,000
Other creditors
13,725
7,380
--------
--------
82,300
95,239
--------
--------