REGISTERED NUMBER: 04690867 (England and Wales)

A & K Lillig Limited

Abbreviated Unaudited Accounts

for the Year Ended

31 March 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

to

4

DIRECTORS:

K Lillig

A Lillig

Mrs L E Lillig

Mrs K C Lillig

SECRETARY:

Mrs L E Lillig

REGISTERED OFFICE:

15 School Road

Frettenham

Norwich

Norfolk

NR12 7LL

REGISTERED NUMBER:

04690867 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

97 Yarmouth Road

Norwich

Norfolk

NR7 0HF

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

13,627

18,118

13,627

18,118

CURRENT ASSETS

Stocks

240,164

2,000

Debtors

42,115

6,294

Cash at bank

248,315

451,524

530,594

459,818

CREDITORS

Amounts falling due within one year

55,819

67,859

NET CURRENT ASSETS

474,775

391,959

TOTAL ASSETS LESS CURRENT LIABILITIES

488,402

410,077

PROVISIONS FOR LIABILITIES

2,725

3,443

NET ASSETS

485,677

406,634

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

485,577

406,534

SHAREHOLDERS' FUNDS

485,677

406,634

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 31 August 2016 and were signed on its behalf by:

K Lillig - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

60,000

AMORTISATION

At 1 April 2015

and 31 March 2016

60,000

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

38,048

DEPRECIATION

At 1 April 2015

19,930

Charge for year

4,491

At 31 March 2016

24,421

NET BOOK VALUE

At 31 March 2016

13,627

At 31 March 2015

18,118

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2016 and

31 March 2015:

2016

2015

£

£

K Lillig and Mrs L E Lillig

Balance outstanding at start of year

854

249

Amounts advanced

1,175

813

Amounts repaid

(2,029

)

(208

)

Balance outstanding at end of year

-

854

A Lillig and Mrs K C Lillig

Balance outstanding at start of year

579

104

Amounts advanced

1,379

683

Amounts repaid

(1,958

)

(208

)

Balance outstanding at end of year

-

579