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Company No: 11555039 (England and Wales)

LEMON TREE RECRUIT LTD

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

LEMON TREE RECRUIT LTD

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

LEMON TREE RECRUIT LTD

STATEMENT OF FINANCIAL POSITION

As at 29 February 2024
LEMON TREE RECRUIT LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 29 February 2024
Note 2024 2023
£ £
Current assets
Debtors 3 8,920 7,411
Cash at bank and in hand 4,719 4,881
13,639 12,292
Creditors: amounts falling due within one year 4 ( 13,298) ( 11,755)
Net current assets 341 537
Total assets less current liabilities 341 537
Net assets 341 537
Capital and reserves
Called-up share capital 1 1
Profit and loss account 340 536
Total shareholders' funds 341 537

For the financial year ending 29 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Lemon Tree Recruit Ltd (registered number: 11555039) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Benjamin Charles Scully
Director
Louise Samantha Ashdown
Director
L Ashdown
Director

28 November 2024

LEMON TREE RECRUIT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
LEMON TREE RECRUIT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Lemon Tree Recruit Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 78 Claydon Business Park, Great Blakenham, Ipswich, IP6 0NL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Income Statement over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Debtors

2024 2023
£ £
Trade debtors 0 4,000
Amounts owed by Group undertakings 1,131 2,348
Amounts owed by directors 7,788 1,062
Other debtors 1 1
8,920 7,411

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors ( 1) 0
Accruals 2,120 2,000
Taxation and social security 11,179 9,755
13,298 11,755

5. Related party transactions

Included in other debtors is a balance due from a director of £7,788 (2023: £1,062). The balance is interest-free, unsecured and repayable on demand.