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Company Registration No. 12064398 (England and Wales)
LIM JUNYE LTD Unaudited accounts for the year ended 30 June 2024
LIM JUNYE LTD Unaudited accounts Contents
Page
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LIM JUNYE LTD Company Information for the year ended 30 June 2024
Director
Lynus Jun Ye Lim
Company Number
12064398 (England and Wales)
Registered Office
D101 Ambassador Building 5 New Union Square London SW11 7BR England
Accountants
Cone Accounting Limited 124 City Road London EC1V 2NX
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LIM JUNYE LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
332,185 
355,328 
Current assets
Inventories
10,156 
10,012 
Debtors
22,485 
21,606 
Cash at bank and in hand
24,669 
35,162 
57,310 
66,780 
Creditors: amounts falling due within one year
(733,194)
(691,285)
Net current liabilities
(675,884)
(624,505)
Net liabilities
(343,699)
(269,177)
Capital and reserves
Called up share capital
8 
8 
Profit and loss account
(343,707)
(269,185)
Shareholders' funds
(343,699)
(269,177)
For the year ending 30 June 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 10 October 2024 and were signed on its behalf by
Lynus Jun Ye Lim Director Company Registration No. 12064398
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LIM JUNYE LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
LIM JUNYE LTD is a private company, limited by shares, registered in England and Wales, registration number 12064398. The registered office is D101 Ambassador Building, 5 New Union Square, London, SW11 7BR, England.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Reducing Balance
Fixtures & fittings
20% Reducing Balance & 25% Straight Line
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
247,294 
232,294 
479,588 
Additions
29,230 
548 
29,778 
At 30 June 2024
276,524 
232,842 
509,366 
Depreciation
At 1 July 2023
41,288 
82,972 
124,260 
Charge for the year
22,817 
30,104 
52,921 
At 30 June 2024
64,105 
113,076 
177,181 
Net book value
At 30 June 2024
212,419 
119,766 
332,185 
At 30 June 2023
206,006 
149,322 
355,328 
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LIM JUNYE LTD Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
879 
- 
Other debtors
21,606 
21,606 
22,485 
21,606 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
20,316 
19,537 
Trade creditors
15,790 
7,783 
Taxes and social security
5,304 
4,971 
Other creditors
15,315 
18,373 
Loans from directors
672,938 
637,982 
Accruals
3,531 
2,639 
733,194 
691,285 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £8 each
8 
8 
8
Average number of employees
During the year the average number of employees was 12 (2023: 8).
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