Abbreviated Company Accounts - LILIA GLOBAL LTD

07515250 LILIA GLOBAL LTD 2015-02-28 false 2014-03-01 2015-02-28 true 07515250 2014-03-01 2015-02-28 07515250 2015-02-28 07515250 2014-02-28 07515250 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-28 07515250 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP shares

Registered Number 07515250

LILIA GLOBAL LTD

Abbreviated Accounts

28 February 2015

LILIA GLOBAL LTD Registered Number 07515250

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	737	1,458
		737	1,458
Current assets
Debtors		20,000	-
Cash at bank and in hand		754	2
		20,754	2
Creditors: amounts falling due within one year		(38,014)	(31,008)
Net current assets (liabilities)		(17,260)	(31,006)
Total assets less current liabilities		(16,523)	(29,548)
Total net assets (liabilities)		(16,523)	(29,548)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(16,623)	(29,648)
Shareholders' funds		(16,523)	(29,548)

For the year ending 28 February 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 20 January 2016

And signed on their behalf by:
VIVIANNE WALDMAN, Director

LILIA GLOBAL LTD Registered Number 07515250

Notes to the Abbreviated Accounts for the period ended 28 February 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.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
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
Operating lease agreements

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.

2Tangible fixed assets

	£
Cost
At 1 March 2014	2,186
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	2,186
Depreciation
At 1 March 2014	728
Charge for the year	721
On disposals	-
At 28 February 2015	1,449
Net book values
At 28 February 2015	737
At 28 February 2014	1,458

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100