Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06456248 Mr C L Shotton Dr P A Shotton Mrs D J Shotton Mrs D J Shotton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06456248 2023-03-31 06456248 2024-03-31 06456248 2023-04-01 2024-03-31 06456248 frs-core:CurrentFinancialInstruments 2024-03-31 06456248 frs-core:ComputerEquipment 2024-03-31 06456248 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06456248 frs-core:ComputerEquipment 2023-03-31 06456248 frs-core:FurnitureFittings 2024-03-31 06456248 frs-core:FurnitureFittings 2023-04-01 2024-03-31 06456248 frs-core:FurnitureFittings 2023-03-31 06456248 frs-core:MotorVehicles 2024-03-31 06456248 frs-core:MotorVehicles 2023-04-01 2024-03-31 06456248 frs-core:MotorVehicles 2023-03-31 06456248 frs-core:PlantMachinery 2024-03-31 06456248 frs-core:PlantMachinery 2023-04-01 2024-03-31 06456248 frs-core:PlantMachinery 2023-03-31 06456248 frs-core:ShareCapital 2024-03-31 06456248 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06456248 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06456248 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06456248 frs-bus:SmallEntities 2023-04-01 2024-03-31 06456248 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06456248 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06456248 frs-bus:Director1 2023-04-01 2024-03-31 06456248 frs-bus:Director2 2023-04-01 2024-03-31 06456248 frs-bus:Director3 2023-04-01 2024-03-31 06456248 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 06456248 frs-countries:EnglandWales 2023-04-01 2024-03-31 06456248 2022-03-31 06456248 2023-03-31 06456248 2022-04-01 2023-03-31 06456248 frs-core:CurrentFinancialInstruments 2023-03-31 06456248 frs-core:ShareCapital 2023-03-31 06456248 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06456248
Lime Interactive Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06456248
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,926 14,615
7,926 14,615
CURRENT ASSETS
Debtors 5 123,530 125,139
Cash at bank and in hand 7,972 2,069
131,502 127,208
Creditors: Amounts Falling Due Within One Year 6 (14,292 ) (28,218 )
NET CURRENT ASSETS (LIABILITIES) 117,210 98,990
TOTAL ASSETS LESS CURRENT LIABILITIES 125,136 113,605
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,981 ) (2,777 )
NET ASSETS 123,155 110,828
CAPITAL AND RESERVES
Called up share capital 200 200
Profit and Loss Account 122,955 110,628
SHAREHOLDERS' FUNDS 123,155 110,828
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For the year ending 31 March 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 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
Dr P A Shotton
Director
Mrs D J Shotton
Director
07/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Lime Interactive Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06456248 . The registered office is 3 North Avenue, Ramsgate, Kent, CT11 9BT.
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. 
2.3. 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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. 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.
...CONTINUED
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2.5. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 1,764 18,200 12,663 9,268 41,895
Additions - - 540 4,364 4,904
Disposals - (18,200 ) - (374 ) (18,574 )
As at 31 March 2024 1,764 - 13,203 13,258 28,225
Depreciation
As at 1 April 2023 1,562 10,522 9,288 5,908 27,280
Provided during the period 51 - 979 2,757 3,787
Disposals - (10,522 ) - (246 ) (10,768 )
As at 31 March 2024 1,613 - 10,267 8,419 20,299
Net Book Value
As at 31 March 2024 151 - 2,936 4,839 7,926
As at 1 April 2023 202 7,678 3,375 3,360 14,615
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,876 26,639
Other debtors 115,654 98,500
123,530 125,139
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1,944
Other creditors 4,797 24,280
Taxation and social security 9,495 1,994
14,292 28,218
7. Related Party Transactions
Included within other debtors is £108,864 due from Lime Interactive Holdings Ltd (2023 - £98,500) a company of which Mr P and Mrs D Shotton are directors and own 100% of the ordinary shares.
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