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REGISTERED NUMBER: 07026188 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

LIME ASSOCIATES LIMITED

LIME ASSOCIATES LIMITED (REGISTERED NUMBER: 07026188)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIME ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTOR: J Cooper





SECRETARY: J Cooper





REGISTERED OFFICE: 1 Village Courtyard
High Street
Holme On Spalding Moor
York
North Yorkshire
YO43 4AA





REGISTERED NUMBER: 07026188 (England and Wales)





ACCOUNTANTS: Flemingate - Accountancy and Taxation
1 Village Courtyard
High Street
Holme on Spalding Moor
York
North Yorkshire
YO43 4AA

LIME ASSOCIATES LIMITED (REGISTERED NUMBER: 07026188)

BALANCE SHEET
30TH SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 204 -

CURRENT ASSETS
Debtors 5 24,058 33,122
Cash at bank 609 63,400
24,667 96,522
CREDITORS
Amounts falling due within one year 6 5,834 76,082
NET CURRENT ASSETS 18,833 20,440
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,037

20,440

CREDITORS
Amounts falling due after more than one
year

7

13,167

14,749
NET ASSETS 5,870 5,691

CAPITAL AND RESERVES
Called up share capital 4,875 4,875
Retained earnings 995 816
SHAREHOLDERS' FUNDS 5,870 5,691

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LIME ASSOCIATES LIMITED (REGISTERED NUMBER: 07026188)

BALANCE SHEET - continued
30TH SEPTEMBER 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 director and authorised for issue on 15th December 2024 and were signed by:





J Cooper - Director


LIME ASSOCIATES LIMITED (REGISTERED NUMBER: 07026188)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Lime Associates 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.
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

LIME ASSOCIATES LIMITED (REGISTERED NUMBER: 07026188)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st October 2023 3,994
Additions 240
At 30th September 2024 4,234
DEPRECIATION
At 1st October 2023 3,994
Charge for year 36
At 30th September 2024 4,030
NET BOOK VALUE
At 30th September 2024 204
At 30th September 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Directors' current accounts 24,058 33,122

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 2,000 2,000
Tax 698 18,767
VAT 1,336 53,515
Accrued expenses 1,800 1,800
5,834 76,082

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years 2,000 2,000
Bank loans - 2-5 years 11,167 12,749
13,167 14,749

LIME ASSOCIATES LIMITED (REGISTERED NUMBER: 07026188)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

8. RELATED PARTY DISCLOSURES

Throughout the course of the year the company transacted with the director and his wife by way of an interest free loan account. The transactions were as follows:-


Mr J and Mrs L Cooper
The amount owing by the director at the start of the year was £ 33,122. Throughout the year the director introduced funds of £ 15,000 and withdrew amounts of £ 5,936. The balance owing by the director at the balance sheet date was £ 24,058. This was repaid in the ensuing year.



.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director Mr J Cooper and his wife who own 100% of the issued share capital.