Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01falseNo description of principal activity66trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02960682 2023-04-01 2024-03-31 02960682 2022-04-01 2023-03-31 02960682 2024-03-31 02960682 2023-03-31 02960682 c:Director3 2023-04-01 2024-03-31 02960682 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 02960682 d:Buildings d:ShortLeaseholdAssets 2024-03-31 02960682 d:Buildings d:ShortLeaseholdAssets 2023-03-31 02960682 d:PlantMachinery 2023-04-01 2024-03-31 02960682 d:PlantMachinery 2024-03-31 02960682 d:PlantMachinery 2023-03-31 02960682 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02960682 d:MotorVehicles 2023-04-01 2024-03-31 02960682 d:MotorVehicles 2024-03-31 02960682 d:MotorVehicles 2023-03-31 02960682 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02960682 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02960682 d:CurrentFinancialInstruments 2024-03-31 02960682 d:CurrentFinancialInstruments 2023-03-31 02960682 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02960682 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02960682 d:ShareCapital 2024-03-31 02960682 d:ShareCapital 2023-03-31 02960682 d:RetainedEarningsAccumulatedLosses 2024-03-31 02960682 d:RetainedEarningsAccumulatedLosses 2023-03-31 02960682 c:FRS102 2023-04-01 2024-03-31 02960682 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02960682 c:FullAccounts 2023-04-01 2024-03-31 02960682 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02960682 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 02960682










LIMEPORT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
LIMEPORT LIMITED
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2
Notes to the financial statements
 
 
3 - 6


 
LIMEPORT LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LIMEPORT LIMITED
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Limeport Limited for the year ended 31 March 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Limeport Limited, as a body, in accordance with the terms of our engagement letter dated 9 December 2015Our work has been undertaken solely to prepare for your approval the financial statements of Limeport Limited and state those matters that we have agreed to state to the Board of directors of Limeport Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Limeport Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Limeport Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Limeport Limited. You consider that Limeport Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Limeport Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  


BAGINSKY COHEN
CHARTERED ACCOUNTANTS
930 HIGH ROAD
LONDON
N12 9RT
15 November 2024
Page 1

 
LIMEPORT LIMITED
REGISTERED NUMBER: 02960682

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2024
2023
2023
Note
£
£
£
£

FIXED ASSETS
  

Tangible assets
 4 
23,860
18,919

 
CURRENT ASSETS
  

Stocks
 5 
35,517
31,580

Debtors: amounts falling due within one year
 6 
103
103

Cash at bank and in hand
 7 
101,523
75,527

  
137,143
107,210

Creditors: amounts falling due within one year
 8 
(105,554)
(76,530)

NET CURRENT ASSETS
  
 
 
31,589
 
 
30,680

  

NET ASSETS
  
55,449
49,599


CAPITAL AND RESERVES
  

Called up share capital 
  
2
2

Profit and loss account
  
55,447
49,597

  
55,449
49,599


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 November 2024.



H N PATEL
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
LIMEPORT LIMITED
 

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

1.ACCOUNTING POLICIES

 
1.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 2).

The following principal accounting policies have been applied:

 
1.2

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
1.3

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
1.4

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
LIMEPORT LIMITED
 

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

1.ACCOUNTING POLICIES (CONTINUED)


1.4
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line and reducing balance basis.

Depreciation is provided on the following basis:

Short-term leasehold property
-
straight line over the period of the lease
Plant and machinery
-
reducing balance 20%
Motor vehicles
-
reducing balance 25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.5

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
1.6

DEBTORS

Short term debtors are measured at transaction price, less any impairment.

 
1.7

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions.

 
1.8

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


2.



JUDGMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company's accounting policies, which are described in note 1, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other factors that considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revise affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. 

Page 4

 
LIMEPORT LIMITED
 

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

3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).


4.


TANGIBLE FIXED ASSETS





Short-term leasehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



COST OR VALUATION


At 1 April 2023
26,471
59,629
9,600
95,700


Additions
-
-
13,000
13,000


Disposals
-
-
(9,600)
(9,600)



At 31 March 2024

26,471
59,629
13,000
99,100



DEPRECIATION


At 1 April 2023
26,471
41,991
8,319
76,781


Charge for the year on owned assets
-
3,528
3,250
6,778


Disposals
-
-
(8,319)
(8,319)



At 31 March 2024

26,471
45,519
3,250
75,240



NET BOOK VALUE



At 31 March 2024
-
14,110
9,750
23,860



At 31 March 2023
-
17,638
1,281
18,919


5.


STOCKS

2024
2023
£
£

Finished goods and goods for resale
35,517
31,580



6.


DEBTORS

2024
2023
£
£


Prepayments and accrued income
103
103


Page 5

 
LIMEPORT LIMITED
 

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

7.


CASH AND CASH EQUIVALENTS

2024
2023
£
£

Cash at bank and in hand
101,523
75,527



8.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
28,446
19,780

Corporation tax
-
171

Other taxation and social security
4,273
4,011

Other creditors
64,442
44,084

Accruals and deferred income
8,393
8,484

105,554
76,530



9.


PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £533 (2023 - £533) were payable to the fund at the balance sheet date and are included in creditors.


Page 6