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Company Registration No. 10173052 (England and Wales)
Limeshore Ltd Unaudited accounts for the year ended 31 May 2023
Limeshore Ltd Unaudited accounts Contents
Page
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Limeshore Ltd Company Information for the year ended 31 May 2023
Director
Mr Waleed Al-Janabi
Company Number
10173052 (England and Wales)
Registered Office
The Store Room Millshaw Leeds LS11 8EG
Accountants
Sigma Chartered Accountants J O Hunter House 409 Bradford Road Huddersfield West Yorkshire HD2 2RB
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Limeshore Ltd for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Limeshore Ltd for the year ended 31 May 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Sigma Chartered Accountants Chartered Accountants J O Hunter House 409 Bradford Road Huddersfield West Yorkshire HD2 2RB 7 February 2024
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Limeshore Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
195 
266 
Current assets
Inventories
- 
78,000 
Debtors
27,118 
34,269 
Cash at bank and in hand
202 
3,792 
27,320 
116,061 
Creditors: amounts falling due within one year
(1,760)
(16,856)
Net current assets
25,560 
99,205 
Total assets less current liabilities
25,755 
99,471 
Provisions for liabilities
Deferred tax
(37)
(50)
Net assets
25,718 
99,421 
Capital and reserves
Called up share capital
200,000 
200,000 
Profit and loss account
(174,282)
(100,579)
Shareholders' funds
25,718 
99,421 
For the year ending 31 May 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 7 February 2024 and were signed on its behalf by
Mr Waleed Al-Janabi Director Company Registration No. 10173052
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Limeshore Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Limeshore Ltd is a private company, limited by shares, registered in England and Wales, registration number 10173052. The registered office is The Store Room, Millshaw, Leeds, LS11 8EG.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
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.
Shareholders
Mr Waleed Kh. A. Al-Janabi is the sole shareholder of the company and owns 100% of the issued shares which have a nominal value of £1 each. Total number of shares issued during the year ended 31st May 2017 was 200,000 which have a value of £200,000.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Limeshore Ltd Notes to the Accounts for the year ended 31 May 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 June 2022
1,268 
At 31 May 2023
1,268 
Depreciation
At 1 June 2022
1,002 
Charge for the year
71 
At 31 May 2023
1,073 
Net book value
At 31 May 2023
195 
At 31 May 2022
266 
5
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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