1 August 2021 v2022.13.1 limited_company_frs_102_section_1a_v1_0_8 companies_houseSoftwarefalsetruetruetrueNo description of principal activitytruexbrli:purexbrli:sharesiso4217:GBP044756402021-08-012022-07-31044756402022-07-31044756402021-07-3104475640core:WithinOneYear2022-07-3104475640core:WithinOneYear2021-07-3104475640core:AfterOneYear2022-07-3104475640core:AfterOneYear2021-07-3104475640core:ShareCapital2022-07-3104475640core:ShareCapital2021-07-3104475640core:RetainedEarningsAccumulatedLosses2022-07-3104475640core:RetainedEarningsAccumulatedLosses2021-07-3104475640bus:Director12021-08-012022-07-3104475640bus:RegisteredOffice2021-08-012022-07-3104475640core:NetGoodwill2021-08-012022-07-3104475640core:PlantMachinery2021-08-012022-07-31044756402020-08-012021-07-3104475640core:NetGoodwill2022-07-3104475640core:NetGoodwill2021-08-0104475640core:NetGoodwill2021-07-3104475640core:PlantMachinery2022-07-310447564012021-08-012022-07-3104475640countries:EnglandWales2021-08-012022-07-3104475640bus:AuditExempt-NoAccountantsReport2021-08-012022-07-3104475640bus:PrivateLimitedCompanyLtd2021-08-012022-07-3104475640bus:SmallEntities2021-08-012022-07-3104475640bus:FullAccounts2021-08-012022-07-31
Company registration number:
04475640
Lemon Tree Health & Beauty Limited
Unaudited Filleted Financial Statements for the year ended
31 July 2022
Lemon Tree Health & Beauty Limited
Statement of Financial Position
31 July 2022
20222021
Note££
Fixed assets    
Intangible assets 5 -  
13,500
 
Current assets    
Stocks
49,018
 
45,555
 
Debtors 7
9,004
 
9,092
 
Cash at bank and in hand
190,139
 
198,910
 
248,161
 
253,557
 
Creditors: amounts falling due within one year 8
(91,037
)
(92,565
)
Net current assets
157,124
 
160,992
 
Total assets less current liabilities 157,124   174,492  
Creditors: amounts falling due after more than one year 9
(28,787
)
(38,333
)
Net assets
128,337
 
136,159
 
Capital and reserves    
Called up share capital
10
 
10
 
Profit and loss account
128,327
 
136,149
 
Shareholders funds
128,337
 
136,159
 
For the year ending
31 July 2022
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
6 September 2022
, and are signed on behalf of the board by:
D Bennett
Director
Company registration number:
04475640
Lemon Tree Health & Beauty Limited
Notes to the Financial Statements
Year ended
31 July 2022

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
58 Wroughton Road
,
Battersea
,
London
,
SW11 6BG
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
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:
Plant and machinery
25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the entity will comply with the conditions attaching to them and the grants will be received.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4 Average number of employees

The average number of persons employed by the company during the year was
9
(2021:
13.00
).

5 Intangible assets

Goodwill
£
Cost  
At
1 August 2021
and
31 July 2022
270,000
 
Amortisation  
At
1 August 2021
256,500
 
Charge
13,500
 
At
31 July 2022
270,000
 
Carrying amount  
At
31 July 2022
-  
At 31 July 2021
13,500
 

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 August 2021
and
31 July 2022
32,360
 
Depreciation  
At
1 August 2021
and
31 July 2022
32,360
 
Carrying amount  
At
31 July 2022
-  
At 31 July 2021 -  

7 Debtors

20222021
££
Trade debtors
4,538
 
5,052
 
Other debtors
4,466
 
4,040
 
9,004
 
9,092
 

8 Creditors: amounts falling due within one year

20222021
££
Bank loans and overdrafts
10,000
 
10,000
 
Trade creditors
14,150
 
10,098
 
Taxation and social security
25,865
 
33,355
 
Other creditors
41,022
 
39,112
 
91,037
 
92,565
 

9 Creditors: amounts falling due after more than one year

20222021
££
Bank loans and overdrafts
28,787
 
38,333