Company Registration No. SC577994 (Scotland)
LIME DESIGNER LTD
Unaudited accounts
for the year ended 31 October 2023
LIME DESIGNER LTD
Unaudited accounts
Contents
LIME DESIGNER LTD
Company Information
for the year ended 31 October 2023
Directors
Declan Maltman
Megan Jennifer Milligan-Grady
Company Number
SC577994 (Scotland)
Registered Office
176 BATH STREET
GLASGOW
G2 4HG
SCOTLAND
Accountants
TaxKings Ltd
4th Floor, 176 Bath Street
Glasgow
G2 4HG
LIME DESIGNER LTD
Statement of financial position
as at 31 October 2023
Tangible assets
16,742
15,421
Cash at bank and in hand
28,819
56,911
Creditors: amounts falling due within one year
(23,241)
(41,941)
Net current assets
5,578
14,970
Called up share capital
1
1
Profit and loss account
22,319
30,390
Shareholders' funds
22,320
30,391
For the year ending 31 October 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by
Declan Maltman
Director
Company Registration No. SC577994
LIME DESIGNER LTD
Notes to the Accounts
for the year ended 31 October 2023
LIME DESIGNER LTD is a private company, limited by shares, registered in Scotland, registration number SC577994. The registered office is 176 BATH STREET, GLASGOW, G2 4HG, SCOTLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
33% on cost
Computer equipment
33% on cost
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2022
-
23,131
23,131
Additions
3,255
10,292
13,547
At 31 October 2023
3,255
33,423
36,678
At 1 November 2022
-
7,710
7,710
Charge for the year
1,085
11,141
12,226
At 31 October 2023
1,085
18,851
19,936
At 31 October 2023
2,170
14,572
16,742
At 31 October 2022
-
15,421
15,421
LIME DESIGNER LTD
Notes to the Accounts
for the year ended 31 October 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
13,995
8,379
Taxes and social security
70,117
29,415
Loans from directors
(76,348)
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
7
Average number of employees
During the year the average number of employees was 6 (2022: 2).