REGISTERED NUMBER: 04690867 (England and Wales)

A & K Lillig Limited

Unaudited Financial Statements

for the Year Ended

31 March 2018

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

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

4

-

-

Tangible assets

5

18,607

20,018

18,607

20,018

CURRENT ASSETS

Stocks

8,343

7,000

Debtors

6

3,756

3,807

Cash at bank

655,280

565,511

667,379

576,318

CREDITORS

Amounts falling due within one year

7

69,200

64,681

NET CURRENT ASSETS

598,179

511,637

TOTAL ASSETS LESS CURRENT LIABILITIES

616,786

531,655

PROVISIONS FOR LIABILITIES

3,334

3,803

NET ASSETS

613,452

527,852

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

613,352

527,752

SHAREHOLDERS' FUNDS

613,452

527,852

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 12 November 2018 and were signed on its behalf by:

K Lillig - Director

1.	STATUTORY INFORMATION

A & K Lillig Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at

cost less any accumulated amortisation and any accumulated impairment losses.

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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs

in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except

to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

60,000

AMORTISATION

At 1 April 2017

and 31 March 2018

60,000

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2017

2,733

48,335

51,068

Additions

-

4,625

4,625

At 31 March 2018

2,733

52,960

55,693

DEPRECIATION

At 1 April 2017

2,457

28,593

31,050

Charge for year

41

5,995

6,036

At 31 March 2018

2,498

34,588

37,086

NET BOOK VALUE

At 31 March 2018

235

18,372

18,607

At 31 March 2017

276

19,742

20,018

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

-

1,471

Directors' current accounts

2,978

1,547

Prepayments

778

789

3,756

3,807

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

8,714

16,145

Corporation tax

42,990

34,009

Social security and other taxes

1,519

2,332

VAT

14,227

10,445

Accrued expenses

1,750

1,750

69,200

64,681

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

NIL

Ordinary

£1

-

100

34

Ordinary A

£1

34

-

34

Ordinary B

£1

34

-

15

Ordinary C

£1

15

-

14

Ordinary D

£1

14

-

1

Ordinary E

£1

1

-

1

Ordinary F

£1

1

-

1

Ordinary G

£1

1

-

100

100

9.

RESERVES

Retained

earnings

£

At 1 April 2017

527,752

Profit for the year

182,260

Dividends

(96,660

)

At 31 March 2018

613,352

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2018 and

31 March 2017:

2018

2017

£

£

K Lillig and Mrs L E Lillig

Balance outstanding at start of year

598

-

Amounts advanced

978

994

Amounts repaid

(208

)

(396

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,368

598

A Lillig and Mrs K C Lillig

Balance outstanding at start of year

949

-

Amounts advanced

868

1,416

Amounts repaid

(208

)

(467

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,609

949

The loans will be repaid within 9 months of the year end. No interest is being charged on the balance.