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REGISTERED NUMBER: 04307132 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Limber Limited

Limber Limited (Registered number: 04307132)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Limber Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr A E Stoate



REGISTERED OFFICE: Redland House
157 Redland Road
Redland
Bristol
BS6 6YE



REGISTERED NUMBER: 04307132 (England and Wales)



ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Redland House
157 Redland Road
Redland
Bristol
BS6 6YE



SOLICITORS: Shakespeare Martineau
6 Queen Square
Bristol
BS1 4JE

Limber Limited (Registered number: 04307132)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,258 8,569
Investment property 5 1,042,500 1,042,500
1,049,758 1,051,069

CURRENT ASSETS
Debtors 6 5,304 5,079
Cash at bank 154,351 129,303
159,655 134,382
CREDITORS
Amounts falling due within one year 7 558,709 576,433
NET CURRENT LIABILITIES (399,054 ) (442,051 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

650,704

609,018

PROVISIONS FOR LIABILITIES 8 15,389 11,283
NET ASSETS 635,315 597,735

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 37,348 41,159
Retained earnings 10 597,867 556,476
SHAREHOLDERS' FUNDS 635,315 597,735

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 director acknowledges his 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 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.

The financial statements were approved by the director and authorised for issue on 26 October 2023 and were signed by:





Mr A E Stoate - Director


Limber Limited (Registered number: 04307132)

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

1. STATUTORY INFORMATION

Limber 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 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Solar Panels - 15% on reducing balance basis
Computer equipment - 33.33% on reducing balance basis

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 1 (2022 - 1 ) .

Limber Limited (Registered number: 04307132)

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

4. TANGIBLE FIXED ASSETS
Solar Computer
Panels equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 30,646 2,715 33,361
DEPRECIATION
At 1 April 2022 22,218 2,574 24,792
Charge for year 1,264 47 1,311
At 31 March 2023 23,482 2,621 26,103
NET BOOK VALUE
At 31 March 2023 7,164 94 7,258
At 31 March 2022 8,428 141 8,569

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,042,500
NET BOOK VALUE
At 31 March 2023 1,042,500
At 31 March 2022 1,042,500

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2022 50,814
Cost 991,686
1,042,500

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 991,686 991,686

Investment property was valued on an open market basis basis on 31 March 2022 by the Directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 5,304 5,079

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 10,574 13,196
VAT 1,311 2,802
Deposits held 2,000 2,000
Directors' loan accounts 528,183 542,041
Accruals 16,641 16,394
558,709 576,433

Limber Limited (Registered number: 04307132)

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

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 1,923 1,628
Deferred tax 13,466 9,655
15,389 11,283

Deferred
tax
£   
Balance at 1 April 2022 11,283
Charge to Income Statement during year 4,106
Balance at 31 March 2023 15,389

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2022 556,476 41,159 597,635
Profit for the year 39,580 39,580
Dividends (2,000 ) (2,000 )
Revaluation reserve transfer 3,811 (3,811 ) -
At 31 March 2023 597,867 37,348 635,215

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2022 - £2,000) were paid to the director .

12. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr A E Stoate by virtue of his shareholding in the company.