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REGISTERED NUMBER: 10552353 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

LYMELIGHT LIMITED

LYMELIGHT LIMITED (REGISTERED NUMBER: 10552353)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LYMELIGHT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: R J Lymer
Mrs D Lymer





REGISTERED OFFICE: 32 Northfields
Clowne
Chesterfield
Derbyshire
S43 4BA





REGISTERED NUMBER: 10552353 (England and Wales)





ACCOUNTANTS: Jones Thorne Limited
400-402 Richmond Road
Sheffield
South Yorkshire
S13 8LZ

LYMELIGHT LIMITED (REGISTERED NUMBER: 10552353)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,637 15,203

CURRENT ASSETS
Debtors 5 10,338 20,363
Cash at bank 22,411 27,051
32,749 47,414
CREDITORS
Amounts falling due within one year 6 25,960 28,933
NET CURRENT ASSETS 6,789 18,481
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,426

33,684

PROVISIONS FOR LIABILITIES 2,211 2,888
NET ASSETS 16,215 30,796

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 16,115 30,696
SHAREHOLDERS' FUNDS 16,215 30,796

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

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

LYMELIGHT LIMITED (REGISTERED NUMBER: 10552353)

BALANCE SHEET - continued
31 JANUARY 2024


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 Board of Directors and authorised for issue on 20 October 2024 and were signed on its behalf by:





R J Lymer - Director


LYMELIGHT LIMITED (REGISTERED NUMBER: 10552353)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Lymelight 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.

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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

LYMELIGHT LIMITED (REGISTERED NUMBER: 10552353)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 1,995 23,012 969 25,976
Additions - - 198 198
At 31 January 2024 1,995 23,012 1,167 26,174
DEPRECIATION
At 1 February 2023 1,154 8,652 967 10,773
Charge for year 163 3,590 11 3,764
At 31 January 2024 1,317 12,242 978 14,537
NET BOOK VALUE
At 31 January 2024 678 10,770 189 11,637
At 31 January 2023 841 14,360 2 15,203

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 9,384 19,568
Other debtors 954 795
10,338 20,363

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 5,509 8,432
Taxation and social security 17,907 18,965
Other creditors 2,544 1,536
25,960 28,933

LYMELIGHT LIMITED (REGISTERED NUMBER: 10552353)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary 1 100 100

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 (2023 - £23,000) were paid to the directors .

9. ULTIMATE CONTROLLING PARTY

The controlling party is R J Lymer.