LILLIES FASHIONS ( UK ) LTD
|
Registered number: |
08521483
|
Abbreviated Balance Sheet |
as at 29 February 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Intangible assets |
2 |
|
|
26,261 |
|
|
35,014 |
Tangible assets |
3 |
|
|
13,133 |
|
|
11,451 |
|
|
|
|
39,394 |
|
|
46,465 |
|
Current assets |
Stocks |
|
|
91,256 |
|
|
72,929 |
Debtors |
|
|
3,000 |
|
|
3,000 |
Cash at bank and in hand |
|
|
85,771 |
|
|
36,918 |
|
|
|
180,027 |
|
|
112,847 |
|
Creditors: amounts falling due within one year |
|
|
(3,823) |
|
|
(3,348) |
|
Net current assets |
|
|
|
176,204 |
|
|
109,499 |
|
Total assets less current liabilities |
|
|
|
215,598 |
|
|
155,964 |
|
Creditors: amounts falling due after more than one year |
|
|
|
(289,357) |
|
|
(204,856) |
|
|
|
Net liabilities |
|
|
|
(73,759) |
|
|
(48,892) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
1,000 |
|
|
1,000 |
Profit and loss account |
|
|
|
(74,759) |
|
|
(49,892) |
|
Shareholders' funds |
|
|
|
(73,759) |
|
|
(48,892) |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
Kamal Chandrakumara Willaddara Gamage |
Director |
Approved by the board on 24 March 2016
|
|
LILLIES FASHIONS ( UK ) LTD
|
Notes to the Abbreviated Accounts |
for the period ended 29 February 2016
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
15% reducing balance
|
|
Motor vehicles |
25% straight line
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2015 |
43,767 |
|
At 29 February 2016 |
43,767 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 August 2015 |
8,753 |
|
At 29 February 2016 |
17,506 |
|
|
|
|
|
|
|
|
Net book value |
|
At 29 February 2016 |
26,261 |
|
At 31 July 2015 |
35,014 |
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2015 |
13,472 |
|
Additions |
4,000 |
|
At 29 February 2016 |
17,472 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2015 |
2,021 |
|
At 29 February 2016 |
4,339 |
|
|
|
|
|
|
|
|
Net book value |
|
At 29 February 2016 |
13,133 |
|
At 31 July 2015 |
11,451 |
|
|
|
|
|
|
|
|
4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
- |
|
1,000 |
|
1,000 |
|
|
|
|
|
|
|
|
|