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REGISTERED NUMBER: 02341704 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Limecove Limited

Limecove Limited (Registered number: 02341704)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Limecove Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr P J Wrixon
Mrs D J Wrixon





REGISTERED OFFICE: 4 Cedar Park Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF





BUSINESS ADDRESS: Meadowside
Sheepcroft Lane
Whitemoor
Wimborne
Dorset
BH21 7DA





REGISTERED NUMBER: 02341704 (England and Wales)





ACCOUNTANTS: Ward Goodman
Chartered Accountants
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Limecove Limited (Registered number: 02341704)

Abridged Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 114,070 113,761
114,071 113,762

CURRENT ASSETS
Debtors 15,058 16,796
Prepayments and accrued income 1,003 1,167
Cash at bank 41,808 77,162
57,869 95,125
CREDITORS
Amounts falling due within one year 41,928 57,660
NET CURRENT ASSETS 15,941 37,465
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,012

151,227

PROVISIONS FOR LIABILITIES (28,517 ) (28,440 )

ACCRUALS AND DEFERRED INCOME (2,095 ) (2,190 )
NET ASSETS 99,400 120,597

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 99,398 120,595
SHAREHOLDERS' FUNDS 99,400 120,597

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Limecove Limited (Registered number: 02341704)

Abridged Statement of Financial Position - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 25 September 2023 and were signed on its behalf by:





Mr P J Wrixon - Director


Limecove Limited (Registered number: 02341704)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Limecove 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 VAT, together with opening and closing adjustments for the value of unbilled contracts.

Contract based work in progress is valued at net sales value. This is based on the relevant amount of work done at the year end, unless the income is restricted by the consideration being dependant upon the completion of a specified future event.

Goodwill
Goodwill being the amount paid in connection with the acquisition of a business in 1989.


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

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 statement of financial position date.


Limecove Limited (Registered number: 02341704)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial in such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 1
NET BOOK VALUE

At 31 March 2023 1
At 31 March 2022 1

Limecove Limited (Registered number: 02341704)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 310,370
Additions 24,000
Disposals (13,950 )
At 31 March 2023 320,420
DEPRECIATION
At 1 April 2022 196,609
Charge for year 16,954
Eliminated on disposal (7,213 )
At 31 March 2023 206,350
NET BOOK VALUE
At 31 March 2023 114,070
At 31 March 2022 113,761

6. OTHER FINANCIAL COMMITMENTS

Included in other creditors is £Nil (2022 - £4,739) due to the estate of Mr H J Wrixon having ceased to be a director of the company on 28 May 2022. A balance of £4,825 was transferred to the estate on 24th November 2022.

There were no other financial commitments, contingencies or guarantees made on behalf of directors.

7. OFF-BALANCE SHEET ARRANGEMENTS

There were no off-balance sheet arrangements at the financial year end.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There were no advances to directors during the financial year.

9. POST BALANCE SHEET EVENTS

Since the balance sheet date, the company has made sales totalling £46,000 of plant and machinery items included on the company's balance in these financial statements.

The company has also made further purchases of plant and machinery items for capitalisation since the balance sheet date totalling £27,500.