Registered number
07797789
Lime Orange Ltd
Filleted Accounts
31 October 2024
Lime Orange Ltd
Registered number: 07797789
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 41,497 7,928
Current assets
Stocks 10,240 10,170
Debtors 4 54,659 86,744
Investments held as current assets 5 - 97,003
Cash at bank and in hand 54,023 47,917
118,922 241,834
Creditors: amounts falling due within one year 6 (37,951) (84,818)
Net current assets 80,971 157,016
Total assets less current liabilities 122,468 164,944
Creditors: amounts falling due after more than one year 7 (50,301) (70,677)
Net assets 72,167 94,267
Capital and reserves
Called up share capital 100 100
Profit and loss account 72,067 94,167
Shareholders' funds 72,167 94,267
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 members have 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.
S Y Lee
Director
Approved by the board on 30 April 2025
Lime Orange Ltd
Notes to the Accounts
for the year ended 31 October 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).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
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:
Plant and machinery 25% reducing balance
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 18 17
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 34,808
Additions 47,401
At 31 October 2024 82,209
Depreciation
At 1 November 2023 26,880
Charge for the year 13,832
At 31 October 2024 40,712
Net book value
At 31 October 2024 41,497
At 31 October 2023 7,928
4 Debtors 2024 2023
£ £
Trade debtors 5,012 3,145
Amounts owed by group undertakings and undertakings in which the company has a participating interest 30,000 70,000
Other debtors 19,647 13,599
54,659 86,744
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments - 97,003
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 5,236 6,779
Taxation and social security costs 929 16,161
Other creditors 31,786 61,878
37,951 84,818
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 50,301 70,677
8 Other information
Lime Orange Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 41, Chessington Business Centre
37 Cox Lane
Chessington
Surrey
KT9 1SD
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