Abbreviated Company Accounts - LILIA GLOBAL LTD

07515250 LILIA GLOBAL LTD 2016-02-29 false 2015-03-01 2016-02-29 true 07515250 2015-03-01 2016-02-29 07515250 2016-02-29 07515250 2015-02-28 07515250 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-29 07515250 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 07515250

LILIA GLOBAL LTD

Abbreviated Accounts

29 February 2016

LILIA GLOBAL LTD Registered Number 07515250

Abbreviated Balance Sheet as at 29 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	492	737
		492	737
Current assets
Debtors		14,700	20,000
Cash at bank and in hand		760	754
		15,460	20,754
Creditors: amounts falling due within one year		(21,894)	(38,014)
Net current assets (liabilities)		(6,434)	(17,260)
Total assets less current liabilities		(5,942)	(16,523)
Total net assets (liabilities)		(5,942)	(16,523)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(6,042)	(16,623)
Shareholders' funds		(5,942)	(16,523)

For the year ending 29 February 2016 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 3 February 2017

And signed on their behalf by:
VIVIANNE WALDMAN, Director

LILIA GLOBAL LTD Registered Number 07515250

Notes to the Abbreviated Accounts for the period ended 29 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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 2015	2,186
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 29 February 2016	2,186
Depreciation
At 1 March 2015	1,449
Charge for the year	245
On disposals	-
At 29 February 2016	1,694
Net book values
At 29 February 2016	492
At 28 February 2015	737

All fixed assets are initially recorded at cost.

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

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100