1 August 2023 false No description of principal activity Taxfiler 2024.6 8001669business:PrivateLimitedCompanyLtd2023-08-012024-07-31 80016692023-07-31 80016692023-08-012024-07-31 8001669business:AuditExemptWithAccountantsReport2023-08-012024-07-31 8001669business:FilletedAccounts2023-08-012024-07-31 80016692024-07-31 8001669business:Director12023-08-012024-07-31 8001669business:RegisteredOffice2023-08-012024-07-31 80016692023-07-31 8001669core:WithinOneYear2024-07-31 8001669core:WithinOneYear2023-07-31 8001669core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 8001669core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 8001669core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 8001669core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 8001669core:PreviouslyStatedAmount2024-07-31 8001669core:PreviouslyStatedAmount2023-07-31 8001669business:SmallEntities2023-08-012024-07-31 8001669countries:EnglandWales2023-08-012024-07-31 8001669core:ComputerEquipment2023-08-012024-07-31 8001669core:ComputerEquipment2023-07-31 8001669core:ComputerEquipment2024-07-31 80016692022-08-012023-07-31 iso4217:GBP xbrli:pure
Company Registration No. 8001669 (England and Wales)
LIMARS LIMITED Unaudited accounts for the year ended 31 July 2024
LIMARS LIMITED Unaudited accounts Contents
Page
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LIMARS LIMITED Company Information for the year ended 31 July 2024
Director
Marius Liatukas
Company Number
8001669 (England and Wales)
Registered Office
2ND FLOOR, 6 OXFORD STREET BOLTON GREATER MANCHESTER BL1 1RF ENGLAND
Accountants
AY Accountants LLP 2nd floor, 6 Oxford street Bolton Greater Manchester BL1 1RF
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LIMARS LIMITED Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
350,000 
350,000 
Current assets
Debtors
557,455 
590,712 
Cash at bank and in hand
39,802 
3,240 
597,257 
593,952 
Creditors: amounts falling due within one year
(255,969)
(300,557)
Net current assets
341,288 
293,395 
Total assets less current liabilities
691,288 
643,395 
Provisions for liabilities
Deferred tax
(27,500)
(27,500)
Net assets
663,788 
615,895 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
663,688 
615,795 
Shareholders' funds
663,788 
615,895 
For the year ending 31 July 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 27 March 2025 and were signed on its behalf by
Marius Liatukas Director Company Registration No. 8001669
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LIMARS LIMITED Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
LIMARS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 8001669. The registered office is 2ND FLOOR, 6 OXFORD STREET, BOLTON, GREATER MANCHESTER, BL1 1RF, 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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:
Computer equipment
33% Straight Line Method
Investment property
Investment properties, which are held to earn rentals and/or for capital appreciation, is initially recognised at cost which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting date. Gains or losses are recognised in the company financial statements.
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.
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LIMARS LIMITED Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2023
660 
At 31 July 2024
660 
Depreciation
At 1 August 2023
660 
At 31 July 2024
660 
Net book value
At 31 July 2024
- 
5
Investment property
2024 
£ 
Fair value at 1 August 2023
350,000 
At 31 July 2024
350,000 
The total investments held at 31 July 2024 were valued as at 31 July 2024 on an open market value basis by the directors of the company. The historic cost of those properties included in the valuation as at the year end is £189,035 (2023 - £189,035).
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,819 
1,916 
Other debtors
555,636 
588,796 
557,455 
590,712 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,152 
3,275 
Trade creditors
- 
45,072 
Taxes and social security
15,964 
(18,730)
Other creditors
242,365 
267,365 
Loans from directors
(4,692)
575 
Accruals
180 
3,000 
255,969 
300,557 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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