Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 4 July 2022 false 1 August 2023 31 July 2024 31 July 2024 14211495 Mr Syed Ali Naqvi Mr Khurshid Hussain Mr Khalid Iqbal iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14211495 2023-07-31 14211495 2024-07-31 14211495 2023-08-01 2024-07-31 14211495 frs-core:CurrentFinancialInstruments 2024-07-31 14211495 frs-core:ComputerEquipment 2024-07-31 14211495 frs-core:ComputerEquipment 2023-08-01 2024-07-31 14211495 frs-core:ComputerEquipment 2023-07-31 14211495 frs-core:FurnitureFittings 2024-07-31 14211495 frs-core:FurnitureFittings 2023-08-01 2024-07-31 14211495 frs-core:FurnitureFittings 2023-07-31 14211495 frs-core:NetGoodwill 2024-07-31 14211495 frs-core:NetGoodwill 2023-08-01 2024-07-31 14211495 frs-core:NetGoodwill 2023-07-31 14211495 frs-core:ShareCapital 2024-07-31 14211495 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 14211495 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 14211495 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 14211495 frs-bus:SmallEntities 2023-08-01 2024-07-31 14211495 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 14211495 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 14211495 frs-bus:Director1 2023-08-01 2024-07-31 14211495 frs-bus:Director2 2023-08-01 2024-07-31 14211495 frs-bus:Director3 2023-08-01 2024-07-31 14211495 frs-countries:EnglandWales 2023-08-01 2024-07-31 14211495 2022-07-03 14211495 2023-07-31 14211495 2022-07-04 2023-07-31 14211495 frs-core:CurrentFinancialInstruments 2023-07-31 14211495 frs-core:ShareCapital 2023-07-31 14211495 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Lime Pharm Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Howe Bridge Consulting
Bartle House
Oxford Court
Manchester
M2 3WQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14211495
31 July 2024 31 July 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 231,706 231,706
Tangible Assets 5 10,616 13,594
242,322 245,300
CURRENT ASSETS
Stocks 6 11,200 42,000
Debtors 7 27,762 4,250
Cash at bank and in hand 10,897 7,679
49,859 53,929
Creditors: Amounts Falling Due Within One Year 8 (272,033 ) (289,726 )
NET CURRENT ASSETS (LIABILITIES) (222,174 ) (235,797 )
TOTAL ASSETS LESS CURRENT LIABILITIES 20,148 9,503
NET ASSETS 20,148 9,503
CAPITAL AND RESERVES
Called up share capital 9 4 4
Profit and Loss Account 20,144 9,499
SHAREHOLDERS' FUNDS 20,148 9,503
Page 1
Page 2
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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Syed Ali Naqvi
Director
25/04/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lime Pharm Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14211495 . The registered office is 6 Lime Grove, Manchester, M16 0WL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% Reducing balance
Computer Equipment 33.33% Reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 231,706
As at 31 July 2024 231,706
Net Book Value
As at 31 July 2024 231,706
As at 1 August 2023 231,706
Page 3
Page 4
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 14,500 2,990 17,490
As at 31 July 2024 14,500 2,990 17,490
Depreciation
As at 1 August 2023 2,900 996 3,896
Provided during the period 2,320 658 2,978
As at 31 July 2024 5,220 1,654 6,874
Net Book Value
As at 31 July 2024 9,280 1,336 10,616
As at 1 August 2023 11,600 1,994 13,594
6. Stocks
31 July 2024 31 July 2023
£ £
Stock 11,200 42,000
7. Debtors
31 July 2024 31 July 2023
£ £
Due within one year
Trade debtors 23,704 -
VAT 4,058 4,250
27,762 4,250
8. Creditors: Amounts Falling Due Within One Year
31 July 2024 31 July 2023
£ £
Trade creditors 21,658 24,458
Other taxes and social security 1,505 1,033
Net wages - 6,235
Other creditors 163 -
Directors' loan accounts 248,707 258,000
272,033 289,726
9. Share Capital
31 July 2024 31 July 2023
£ £
Allotted, Called up and fully paid 4 4
Page 4