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REGISTERED NUMBER: 04307132 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Limber Limited

Limber Limited (Registered number: 04307132)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Limber Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr A E Stoate



REGISTERED OFFICE: Redland House
157 Redland Road
Redland
Bristol
BS6 6YE



REGISTERED NUMBER: 04307132 (England and Wales)



ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Redland House
157 Redland Road
Redland
Bristol
BS6 6YE



SOLICITORS: Shakespeare Martineau
6 Queen Square
Bristol
BS1 4JE

Limber Limited (Registered number: 04307132)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,153 7,258
Investment property 5 1,042,500 1,042,500
1,048,653 1,049,758

CURRENT ASSETS
Debtors 6 9,745 5,304
Cash at bank 131,152 154,351
140,897 159,655
CREDITORS
Amounts falling due within one year 7 523,373 558,709
NET CURRENT LIABILITIES (382,476 ) (399,054 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

666,177

650,704

PROVISIONS FOR LIABILITIES 8 15,096 15,389
NET ASSETS 651,081 635,315

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 37,348 37,348
Retained earnings 10 613,633 597,867
SHAREHOLDERS' FUNDS 651,081 635,315

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 18 September 2024 and were signed by:





Mr A E Stoate - Director


Limber Limited (Registered number: 04307132)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Limber 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Solar Panels - 15% on reducing balance basis
Computer equipment - 33.33% on reducing balance basis

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Limber Limited (Registered number: 04307132)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Solar Computer
Panels equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 30,646 2,715 33,361
DEPRECIATION
At 1 April 2023 23,482 2,621 26,103
Charge for year 1,074 31 1,105
At 31 March 2024 24,556 2,652 27,208
NET BOOK VALUE
At 31 March 2024 6,090 63 6,153
At 31 March 2023 7,164 94 7,258

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,042,500
NET BOOK VALUE
At 31 March 2024 1,042,500
At 31 March 2023 1,042,500

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 50,814
Cost 991,686
1,042,500

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 991,686 991,686

Investment property was valued on an open market basis basis on 31 March 2022 by the Directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 9,745 5,304

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 4,145 10,574
VAT 371 1,311
Deposits held 2,000 2,000
Directors' loan accounts 501,498 528,183
Accruals 15,359 16,641
523,373 558,709

Limber Limited (Registered number: 04307132)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 1,630 1,923
Deferred tax 13,466 13,466
15,096 15,389

Deferred
tax
£   
Balance at 1 April 2023 15,389
Credit to Income Statement during year (293 )
Balance at 31 March 2024 15,096

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 597,867 37,348 635,215
Profit for the year 16,766 16,766
Dividends (1,000 ) (1,000 )
At 31 March 2024 613,633 37,348 650,981

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2023 - £2,000) were paid to the director .

12. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr A E Stoate by virtue of his shareholding in the company.