IRIS Accounts Production v24.2.0.383 04316512 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false 8586 7043 8586 7043 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043165122022-12-31043165122023-12-31043165122023-01-012023-12-31043165122021-12-31043165122022-01-012022-12-31043165122022-12-3104316512ns15:EnglandWales2023-01-012023-12-3104316512ns14:PoundSterling2023-01-012023-12-3104316512ns10:Director12023-01-012023-12-3104316512ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104316512ns10:SmallEntities2023-01-012023-12-3104316512ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104316512ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104316512ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104316512ns10:FullAccounts2023-01-012023-12-310431651242ns10:Director22021-12-310431651242ns10:Director22023-01-012023-12-310431651242ns10:Director22022-01-012022-12-310431651242ns10:Director22023-12-3104316512ns10:Director22023-01-012023-12-3104316512ns10:CompanySecretary12023-01-012023-12-3104316512ns10:RegisteredOffice2023-01-012023-12-3104316512ns5:CurrentFinancialInstruments2023-12-3104316512ns5:CurrentFinancialInstruments2022-12-3104316512ns5:Non-currentFinancialInstruments2023-12-3104316512ns5:Non-currentFinancialInstruments2022-12-3104316512ns5:ShareCapital2023-12-3104316512ns5:ShareCapital2022-12-3104316512ns5:RetainedEarningsAccumulatedLosses2023-12-3104316512ns5:RetainedEarningsAccumulatedLosses2022-12-3104316512ns5:PlantMachinery2023-01-012023-12-3104316512ns5:FurnitureFittings2023-01-012023-12-3104316512ns5:MotorVehicles2023-01-012023-12-3104316512ns5:ComputerEquipment2023-01-012023-12-3104316512ns5:PlantMachinery2022-12-3104316512ns5:FurnitureFittings2022-12-3104316512ns5:MotorVehicles2022-12-3104316512ns5:ComputerEquipment2022-12-3104316512ns5:PlantMachinery2023-12-3104316512ns5:FurnitureFittings2023-12-3104316512ns5:MotorVehicles2023-12-3104316512ns5:ComputerEquipment2023-12-3104316512ns5:PlantMachinery2022-12-3104316512ns5:FurnitureFittings2022-12-3104316512ns5:MotorVehicles2022-12-3104316512ns5:ComputerEquipment2022-12-3104316512ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3104316512ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3104316512ns5:LeasedAssetsHeldAsLessee2022-12-3104316512ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3104316512ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3104316512ns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3104316512ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3104316512ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3104316512ns5:LeasedAssetsHeldAsLessee2023-12-3104316512ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3104316512ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3104316512ns5:LeasedAssetsHeldAsLessee2022-12-3104316512ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104316512ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3104316512ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-12-3104316512ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-12-3104316512ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3104316512ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-3104316512ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104316512ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3104316512ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-12-3104316512ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2022-12-3104316512ns5:HirePurchaseContracts2023-12-3104316512ns5:HirePurchaseContracts2022-12-31043165121ns10:Director12022-12-31043165121ns10:Director12021-12-31043165121ns10:Director12023-01-012023-12-31043165121ns10:Director12022-01-012022-12-31043165121ns10:Director12023-12-31043165121ns10:Director12022-12-31
REGISTERED NUMBER: 04316512 (England and Wales)















G-LIME LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






G-LIME LIMITED (REGISTERED NUMBER: 04316512)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G-LIME LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: J T Keegan
C H Tipper





SECRETARY: J T Keegan





REGISTERED OFFICE: Central Chambers
45-47 Albert Street
Rugby
Warwickshire
CV21 2SG





REGISTERED NUMBER: 04316512 (England and Wales)





ACCOUNTANTS: Atkinson Finch & Co
Chartered Accountants
Central Chambers
45-47 Albert Street
Rugby
Warwickshire
CV21 2SG

G-LIME LIMITED (REGISTERED NUMBER: 04316512)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 182,599 149,324

CURRENT ASSETS
Debtors 5 46,556 17,837
Cash at bank 78,202 148,188
124,758 166,025
CREDITORS
Amounts falling due within one year 6 127,340 134,543
NET CURRENT (LIABILITIES)/ASSETS (2,582 ) 31,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,017

180,806

CREDITORS
Amounts falling due after more than one
year

7

(155,011

)

(133,751

)

PROVISIONS FOR LIABILITIES (24,030 ) (27,761 )
NET ASSETS 976 19,294

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 676 18,994
SHAREHOLDERS' FUNDS 976 19,294

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

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

G-LIME LIMITED (REGISTERED NUMBER: 04316512)

BALANCE SHEET - continued
31ST DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th September 2024 and were signed on its behalf by:





J T Keegan - Director


G-LIME LIMITED (REGISTERED NUMBER: 04316512)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

G-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.

Significant judgements and estimates
There are no significant judgements that have a material effect on the accounts nor any accounting estimates that have a high risk of causing a material adjustment in a future accounting period.

Turnover
Turnover represents commission received and services provided, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

G-LIME LIMITED (REGISTERED NUMBER: 04316512)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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 year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2023 40,030 5,429 238,075 4,599 288,133
Additions 403 - 94,495 150 95,048
Disposals - - (2,150 ) - (2,150 )
At 31st December 2023 40,433 5,429 330,420 4,749 381,031
DEPRECIATION
At 1st January 2023 19,328 4,887 111,668 2,926 138,809
Charge for year 5,276 135 54,998 456 60,865
Eliminated on disposal - - (1,242 ) - (1,242 )
At 31st December 2023 24,604 5,022 165,424 3,382 198,432
NET BOOK VALUE
At 31st December 2023 15,829 407 164,996 1,367 182,599
At 31st December 2022 20,702 542 126,407 1,673 149,324

G-LIME LIMITED (REGISTERED NUMBER: 04316512)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st January 2023 33,000 212,639 245,639
Additions - 94,495 94,495
At 31st December 2023 33,000 307,134 340,134
DEPRECIATION
At 1st January 2023 14,437 96,716 111,153
Charge for year 4,641 52,605 57,246
At 31st December 2023 19,078 149,321 168,399
NET BOOK VALUE
At 31st December 2023 13,922 157,813 171,735
At 31st December 2022 18,563 115,923 134,486

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 32,430 10,655
Other debtors 5,295 5,295
Directors' loan accounts 7,043 -
Prepayments 1,788 1,887
46,556 17,837

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,500 13,839
Hire purchase contracts (see note 8) 49,011 46,789
Trade creditors 29,600 14,893
Corporation tax payable 17,759 29,596
Social security and other taxes 19,000 21,012
Directors' loan accounts - 6,054
Accrued expenses 2,470 2,360
127,340 134,543

G-LIME LIMITED (REGISTERED NUMBER: 04316512)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 9,500 9,897
Bank loans - 2-5 years 4,666 13,458
Hire purchase contracts (see note 8) 140,845 110,396
155,011 133,751

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 49,011 46,789
Between one and five years 140,845 110,396
189,856 157,185

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 4,736

The bank loan is secured by a personal guarantee from the directors J T Keegan and C H Tipper.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st December 2023 and 31st December 2022:

2023 2022
£    £   
J T Keegan and C H Tipper
Balance outstanding at start of year - 8,586
Amounts advanced 7,043 -
Amounts repaid - (8,586 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,043 -