Registered number
05695397
LIME HAZE LIMITED
Filleted Accounts
29 February 2024
LIME HAZE LIMITED
Registered number: 05695397
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 10,000 10,000
Tangible assets 4 8,898 11,122
18,898 21,122
Current assets
Stocks 7,500 7,500
Debtors 5 5,348 1,060
Cash at bank and in hand 1,235 1,185
14,083 9,745
Creditors: amounts falling due within one year 6 (41,097) (30,267)
Net current liabilities (27,014) (20,522)
Total assets less current liabilities (8,116) 600
Creditors: amounts falling due after more than one year 7 (33,604) (22,674)
Net liabilities (41,720) (22,074)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (42,720) (23,074)
Shareholder's funds (41,720) (22,074)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J G Taylor
Director
Approved by the board on 27 March 2025
LIME HAZE LIMITED
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computers and office equipment 20% on the reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2023 10,000
At 29 February 2024 10,000
Amortisation
At 29 February 2024 -
Net book value
At 29 February 2024 10,000
At 28 February 2023 10,000
4 Tangible fixed assets
Computers and office equipment
£
Cost
At 1 March 2023 37,636
At 29 February 2024 37,636
Depreciation
At 1 March 2023 26,514
Charge for the year 2,224
At 29 February 2024 28,738
Net book value
At 29 February 2024 8,898
At 28 February 2023 11,122
5 Debtors 2024 2023
£ £
Trade debtors 5,348 1,060
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors and accruals 28,440 22,101
Taxation 12,467 6,153
Director's loan account 190 2,013
41,097 30,267
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 33,604 22,674
8 Other information
LIME HAZE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit 1
12 Forest Road
Southport
PR8 6ST
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