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Company Registration No. 06258682 (England and Wales)
Limetree Building Ltd Unaudited accounts for the year ended 31 March 2023
Limetree Building Ltd Unaudited accounts Contents
Page
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Limetree Building Ltd Company Information for the year ended 31 March 2023
Director
Mr James Ivan Morris
Company Number
06258682 (England and Wales)
Registered Office
2ND FLOOR OFFICE 1 GOOCHES COURT STAMFORD LINCOLNSHIRE PE9 2RE ENGLAND
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Limetree Building Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,708 
6,064 
Current assets
Inventories
299,777 
32,900 
Debtors
628,840 
520,074 
Cash at bank and in hand
(17,421)
185,292 
911,196 
738,266 
Creditors: amounts falling due within one year
(729,570)
(567,430)
Net current assets
181,626 
170,836 
Total assets less current liabilities
200,334 
176,900 
Creditors: amounts falling due after more than one year
(26,633)
(46,453)
Provisions for liabilities
Deferred tax
(93)
(93)
Net assets
173,608 
130,354 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
173,607 
130,353 
Shareholders' funds
173,608 
130,354 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 October 2023 and were signed on its behalf by
Mr James Ivan Morris Director Company Registration No. 06258682
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Limetree Building Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Limetree Building Ltd is a private company, limited by shares, registered in England and Wales, registration number 06258682. The registered office is 2ND FLOOR OFFICE, 1 GOOCHES COURT, STAMFORD, LINCOLNSHIRE, PE9 2RE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
15% Reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
5,727 
1,500 
6,632 
13,859 
Additions
79 
16,495 
1,523 
18,097 
At 31 March 2023
5,806 
17,995 
8,155 
31,956 
Depreciation
At 1 April 2022
3,769 
762 
3,264 
7,795 
Charge for the year
409 
4,310 
734 
5,453 
At 31 March 2023
4,178 
5,072 
3,998 
13,248 
Net book value
At 31 March 2023
1,628 
12,923 
4,157 
18,708 
At 31 March 2022
1,958 
738 
3,368 
6,064 
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Limetree Building Ltd Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
421,633 
282,137 
Amounts due from group undertakings etc.
32,058 
32,058 
Accrued income and prepayments
1,549 
4,805 
Other debtors
173,600 
201,074 
628,840 
520,074 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
14,413 
4,724 
VAT
20,939 
37,967 
Trade creditors
228,012 
98,048 
Amounts owed to group undertakings and other participating interests
22,995 
22,995 
Taxes and social security
311,622 
294,025 
Other creditors
130,389 
108,471 
Accruals
1,200 
1,200 
729,570 
567,430 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
26,633 
46,453 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr James Ivan Morris
Directors Loan Account
156,278 
12,762 
34,875 
134,165 
156,278 
12,762 
34,875 
134,165 
At the start of the accounting period there was an outstanding loan due to the company of £156,278. Throughout the year the company made further loans to the director of £12,762 and the director made repayments of £34,875. Interest was charged at 2% and amounted to £3,184. The balance owed by the director at the end of the year end is £134,165.
9
Transactions with related parties
Included within 'Amounts due from group undertakings etc.' is an amount owed of £32,058 from Limetree Real Estates Ltd, a company in which, Mr J Morris is a director and shareholder. Included within 'Other debtors' is an amount owed of £134,165 from the director, Mr J Morris. Included within 'Amounts owed to group undertakings and other participating interests' is an amount of £22,995, owed to Limetree Living Ltd, a company in which, Mr J Morris is a director and shareholder.
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Limetree Building Ltd Notes to the Accounts for the year ended 31 March 2023
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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