Registered number
10046399
LEMON & LIMES LONDON LTD
Filleted Accounts
31 March 2023
LEMON & LIMES LONDON LTD
Registered number: 10046399
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 150,022 176,454
Current assets
Stocks 36,475 29,325
Debtors 4 8,734 68,974
Cash at bank and in hand 295 4,310
45,504 102,609
Creditors: amounts falling due within one year 5 (70,687) (125,943)
Net current liabilities (25,183) (23,334)
Total assets less current liabilities 124,839 153,120
Creditors: amounts falling due after more than one year 6 (100,956) (130,049)
Net assets 23,883 23,071
Capital and reserves
Called up share capital 100 100
Profit and loss account 23,783 22,971
Shareholders' funds 23,883 23,071
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MR AZIZ AHSAK
Director
Approved by the board on 27 September 2023
LEMON & LIMES LONDON LTD
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on tangible fixed assets, excluding in the year of acquisition, at rates calculated to write off the cost, less estimated residual value, as follows:
Fixtures, fittings & equipment 18% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit. Corporation tax liability is not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 12 12
3 Tangible fixed assets
Fix, fittings & equipment
£
Cost
At 1 April 2022 259,224
Additions 6,500
At 31 March 2023 265,724
Depreciation
At 1 April 2022 82,770
Charge for the year 32,932
At 31 March 2023 115,702
Net book value
At 31 March 2023 150,022
At 31 March 2022 176,454
4 Debtors 2023 2022
£ £
Prepayments & other debtors 8,734 68,974
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans & overdrafts 14,301 10,489
Obligations under finance lease and hire purchase contracts 29,771 29,771
Trade creditors 8,187 21,576
Corporation tax 13,811 41,040
Other taxes and social security costs 985 3,581
Other creditors 3,632 19,486
70,687 125,943
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 33,200 38,473
Obligations under finance lease and hire purchase contracts 67,756 91,576
100,956 130,049
7 Other information
LEMON & LIMES LONDON LTD is a private company limited by shares and incorporated in England. Its registered office is:
88 TURNHAM GREEN TERRACE
LONDON
W4 1QN
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