Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07343764 Mrs L Saunders Mr P Saunders iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07343764 2022-12-31 07343764 2023-12-31 07343764 2023-01-01 2023-12-31 07343764 frs-core:CurrentFinancialInstruments 2023-12-31 07343764 frs-core:ComputerEquipment 2023-01-01 2023-12-31 07343764 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07343764 frs-core:NetGoodwill 2023-12-31 07343764 frs-core:NetGoodwill 2023-01-01 2023-12-31 07343764 frs-core:NetGoodwill 2022-12-31 07343764 frs-core:LandBuildings 2023-12-31 07343764 frs-core:LandBuildings 2023-01-01 2023-12-31 07343764 frs-core:LandBuildings 2022-12-31 07343764 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 07343764 frs-core:MotorVehicles 2023-01-01 2023-12-31 07343764 frs-core:PlantMachinery 2023-12-31 07343764 frs-core:PlantMachinery 2023-01-01 2023-12-31 07343764 frs-core:PlantMachinery 2022-12-31 07343764 frs-core:ShareCapital 2023-12-31 07343764 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07343764 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07343764 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07343764 frs-bus:SmallEntities 2023-01-01 2023-12-31 07343764 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07343764 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07343764 frs-bus:Director1 2023-01-01 2023-12-31 07343764 frs-bus:Director2 2023-01-01 2023-12-31 07343764 frs-countries:EnglandWales 2023-01-01 2023-12-31 07343764 2021-12-31 07343764 2022-12-31 07343764 2022-01-01 2022-12-31 07343764 frs-core:CurrentFinancialInstruments 2022-12-31 07343764 frs-core:ShareCapital 2022-12-31 07343764 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07343764
Lime BDS Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07343764
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 151,221 141,426
151,221 141,426
CURRENT ASSETS
Stocks 6 54,268 60,448
Debtors 7 58,314 70,926
Cash at bank and in hand 128,444 155,162
241,026 286,536
Creditors: Amounts Falling Due Within One Year 8 (225,907 ) (242,520 )
NET CURRENT ASSETS (LIABILITIES) 15,119 44,016
TOTAL ASSETS LESS CURRENT LIABILITIES 166,340 185,442
PROVISIONS FOR LIABILITIES
Deferred Taxation (34,643 ) (11,235 )
NET ASSETS 131,697 174,207
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 131,695 174,205
SHAREHOLDERS' FUNDS 131,697 174,207
Page 1
Page 2
For the year ending 31 December 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P Saunders
Director
25/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lime BDS Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07343764 . The registered office is C/O Amber Partnership Ltd, Cornwallis House, Howard Chase, Basildon, Essex, SS14 3BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Straight line over 14 years
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33.3% straight line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2022: 12)
9 12
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 25,000
As at 31 December 2023 25,000
Amortisation
As at 1 January 2023 25,000
As at 31 December 2023 25,000
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 January 2023 85,121 146,909 232,030
Additions - 42,794 42,794
As at 31 December 2023 85,121 189,703 274,824
Depreciation
As at 1 January 2023 18,253 72,351 90,604
Provided during the period 6,079 26,920 32,999
As at 31 December 2023 24,332 99,271 123,603
Net Book Value
As at 31 December 2023 60,789 90,432 151,221
As at 1 January 2023 66,868 74,558 141,426
6. Stocks
2023 2022
£ £
Stock 54,268 60,448
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 29,757 41,676
Other debtors 28,557 29,250
58,314 70,926
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 114,589 139,409
Other creditors 93,940 93,595
Taxation and social security 17,378 9,516
225,907 242,520
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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