IRIS Accounts Production v23.1.5.20 SC573274 director 1.9.22 31.7.23 31.7.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5732742022-08-31SC5732742023-07-31SC5732742022-09-012023-07-31SC5732742021-08-31SC5732742021-09-012022-08-31SC5732742022-08-31SC573274ns15:Scotland2022-09-012023-07-31SC573274ns14:PoundSterling2022-09-012023-07-31SC573274ns10:Director12022-09-012023-07-31SC573274ns10:PrivateLimitedCompanyLtd2022-09-012023-07-31SC573274ns10:SmallEntities2022-09-012023-07-31SC573274ns10:AuditExempt-NoAccountantsReport2022-09-012023-07-31SC573274ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-07-31SC573274ns10:SmallCompaniesRegimeForAccounts2022-09-012023-07-31SC573274ns10:FullAccounts2022-09-012023-07-31SC57327412022-09-012023-07-31SC573274ns10:RegisteredOffice2022-09-012023-07-31SC573274ns5:CurrentFinancialInstruments2023-07-31SC573274ns5:CurrentFinancialInstruments2022-08-31SC573274ns5:Non-currentFinancialInstruments2023-07-31SC573274ns5:Non-currentFinancialInstruments2022-08-31SC573274ns5:ShareCapital2023-07-31SC573274ns5:ShareCapital2022-08-31SC573274ns5:RetainedEarningsAccumulatedLosses2023-07-31SC573274ns5:RetainedEarningsAccumulatedLosses2022-08-31SC573274ns5:NetGoodwill2022-09-012023-07-31SC573274ns5:IntangibleAssetsOtherThanGoodwill2022-09-012023-07-31SC573274ns5:FurnitureFittings2022-09-012023-07-31SC573274ns5:MotorVehicles2022-09-012023-07-31SC573274ns5:ComputerEquipment2022-09-012023-07-31SC573274ns5:NetGoodwill2022-08-31SC573274ns5:NetGoodwill2023-07-31SC573274ns5:NetGoodwill2022-08-31SC573274ns5:FurnitureFittings2022-08-31SC573274ns5:MotorVehicles2022-08-31SC573274ns5:ComputerEquipment2022-08-31SC573274ns5:FurnitureFittings2023-07-31SC573274ns5:MotorVehicles2023-07-31SC573274ns5:ComputerEquipment2023-07-31SC573274ns5:FurnitureFittings2022-08-31SC573274ns5:MotorVehicles2022-08-31SC573274ns5:ComputerEquipment2022-08-31SC573274ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-09-012023-07-31SC573274ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-07-31SC573274ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-31SC573274ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-31
REGISTERED NUMBER: SC573274 (Scotland)





















Unaudited Financial Statements

For The Period 1 September 2022 to 31 July 2023

for

Lemon2017 Limited

Lemon2017 Limited (Registered number: SC573274)






Contents of the Financial Statements
For The Period 1 September 2022 to 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lemon2017 Limited

Company Information
For The Period 1 September 2022 to 31 July 2023







DIRECTOR: A P Govan





REGISTERED OFFICE: 1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH





REGISTERED NUMBER: SC573274 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Lemon2017 Limited (Registered number: SC573274)

Balance Sheet
31 July 2023

31.7.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 32,379 40,473
Tangible assets 5 6,780 659
39,159 41,132

CURRENT ASSETS
Debtors 6 67,696 66,193
Cash at bank 27,577 37,176
95,273 103,369
CREDITORS
Amounts falling due within one year 7 44,785 95,641
NET CURRENT ASSETS 50,488 7,728
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,647

48,860

CREDITORS
Amounts falling due after more than one
year

8

(14,076

)

(16,500

)

PROVISIONS FOR LIABILITIES (225 ) (125 )
NET ASSETS 75,346 32,235

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 75,345 32,234
SHAREHOLDERS' FUNDS 75,346 32,235

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

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

Lemon2017 Limited (Registered number: SC573274)

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 director and authorised for issue on 22 February 2024 and were signed by:





A P Govan - Director


Lemon2017 Limited (Registered number: SC573274)

Notes to the Financial Statements
For The Period 1 September 2022 to 31 July 2023

1. STATUTORY INFORMATION

Lemon2017 Limited is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on cost
Motor vehicles - 33% on cost
Computer equipment - 20% on reducing balance

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

Taxation
Taxation for the period 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.


Lemon2017 Limited (Registered number: SC573274)

Notes to the Financial Statements - continued
For The Period 1 September 2022 to 31 July 2023

2. ACCOUNTING POLICIES - continued
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 period 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 period was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 July 2023 80,946
AMORTISATION
At 1 September 2022 40,473
Charge for period 8,094
At 31 July 2023 48,567
NET BOOK VALUE
At 31 July 2023 32,379
At 31 August 2022 40,473

Lemon2017 Limited (Registered number: SC573274)

Notes to the Financial Statements - continued
For The Period 1 September 2022 to 31 July 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 1,765 - - 1,765
Additions 468 8,349 633 9,450
At 31 July 2023 2,233 8,349 633 11,215
DEPRECIATION
At 1 September 2022 1,106 - - 1,106
Charge for period 447 2,755 127 3,329
At 31 July 2023 1,553 2,755 127 4,435
NET BOOK VALUE
At 31 July 2023 680 5,594 506 6,780
At 31 August 2022 659 - - 659

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST
Additions 8,349
At 31 July 2023 8,349
DEPRECIATION
Charge for period 2,755
At 31 July 2023 2,755
NET BOOK VALUE
At 31 July 2023 5,594

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.8.22
£    £   
Other debtors 67,696 66,193

Lemon2017 Limited (Registered number: SC573274)

Notes to the Financial Statements - continued
For The Period 1 September 2022 to 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.8.22
£    £   
Bank loans and overdrafts 6,000 6,000
Finance leases 2,636 -
Trade creditors - 1,261
Amounts owed to associates - 31,000
Taxation and social security 12,303 29,097
Other creditors 23,846 28,283
44,785 95,641

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.8.22
£    £   
Bank loans 11,000 16,500
Finance leases 3,076 -
14,076 16,500