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REGISTERED NUMBER: 09184564 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Best of Lime Limited

Best of Lime Limited (Registered number: 09184564)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Best of Lime Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: M J Brown
D G Cowper





REGISTERED OFFICE: Unit A Homefield Road
Brocks Business Centre
Haverhill
Suffolk
CB9 8QP





REGISTERED NUMBER: 09184564 (England and Wales)





ACCOUNTANTS: Goody Chartered Accountants and Tax Advisors
Unit 8 Old Forge Court
Colchester Road
Elmstead Market
Colchester
Essex
CO7 7EA

Best of Lime Limited (Registered number: 09184564)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76,148 90,971
Investments 5 20,252 20,252
96,400 111,223

CURRENT ASSETS
Stocks 22,488 29,230
Debtors 6 95,343 67,971
Cash at bank and in hand 90,433 137,038
208,264 234,239
CREDITORS
Amounts falling due within one year 7 164,502 156,553
NET CURRENT ASSETS 43,762 77,686
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,162

188,909

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 140,059 188,806
SHAREHOLDERS' FUNDS 140,162 188,909

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

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

Best of Lime Limited (Registered number: 09184564)

Balance Sheet - continued
31 July 2023


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 Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:




M J Brown - Director



D G Cowper - Director


Best of Lime Limited (Registered number: 09184564)

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

1. STATUTORY INFORMATION

Best of Lime 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.

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.
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

Best of Lime Limited (Registered number: 09184564)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 189,162
Additions 27,800
Disposals (4,500 )
At 31 July 2023 212,462
DEPRECIATION
At 1 August 2022 98,191
Charge for year 38,123
At 31 July 2023 136,314
NET BOOK VALUE
At 31 July 2023 76,148
At 31 July 2022 90,971

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2022
and 31 July 2023 20,252
NET BOOK VALUE
At 31 July 2023 20,252
At 31 July 2022 20,252

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 89,143 59,933
Other debtors 6,200 8,038
95,343 67,971

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 9,477 15,163
Trade creditors 71,360 80,242
Taxation and social security 52,173 58,446
Other creditors 31,492 2,702
164,502 156,553