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Company Registration No. NI605872 (Northern Ireland)
W F Lemon & Co Ltd Unaudited accounts for the year ended 31 January 2024
W F Lemon & Co Ltd Unaudited accounts Contents
Page
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W F Lemon & Co Ltd Company Information for the year ended 31 January 2024
Director
W F Lemon
Secretary
W F Lemon
Company Number
NI605872 (Northern Ireland)
Registered Office
65 Bachelors Walk Lisburn Co Antrim BT28 1XN Northern Ireland
Accountants
W F Lemon
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W F Lemon & Co Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,558 
14,751 
Current assets
Debtors
118,870 
108,390 
Cash at bank and in hand
78,794 
72,877 
197,664 
181,267 
Creditors: amounts falling due within one year
(124,300)
(143,557)
Net current assets
73,364 
37,710 
Net assets
86,922 
52,461 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
86,921 
52,460 
Shareholders' funds
86,922 
52,461 
For the year ending 31 January 2024 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 director acknowledges his 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 and authorised for issue on 27 September 2024 and were signed on its behalf by
W F Lemon Director Company Registration No. NI605872
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W F Lemon & Co Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
W F Lemon & Co Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI605872. The registered office is 65 Bachelors Walk, Lisburn, Co Antrim, BT28 1XN, Northern Ireland.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% of reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2023
300,000 
At 31 January 2024
300,000 
Amortisation
At 1 February 2023
300,000 
At 31 January 2024
300,000 
Net book value
At 31 January 2024
- 
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W F Lemon & Co Ltd Notes to the Accounts for the year ended 31 January 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2023
56,317 
Additions
3,151 
At 31 January 2024
59,468 
Depreciation
At 1 February 2023
41,566 
Charge for the year
4,344 
At 31 January 2024
45,910 
Net book value
At 31 January 2024
13,558 
At 31 January 2023
14,751 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
114,940 
104,900 
Accrued income and prepayments
3,930 
3,490 
118,870 
108,390 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
24,661 
36,026 
Trade creditors
61,368 
69,098 
Taxes and social security
38,266 
37,205 
Loans from directors
5 
1,228 
124,300 
143,557 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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