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COMPANY REGISTRATION NUMBER: 08062097
Lime People Search & Select Limited
Filleted Unaudited Financial Statements
31 December 2024
Lime People Search & Select Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Current assets
Stocks
7,944
Debtors
5
355,973
677,762
Cash at bank and in hand
39,651
18,563
---------
---------
403,568
696,325
Creditors: amounts falling due within one year
6
298,089
421,917
---------
---------
Net current assets
105,479
274,408
---------
---------
Total assets less current liabilities
105,479
274,408
Creditors: amounts falling due after more than one year
7
238,955
318,073
---------
---------
Net liabilities
( 133,476)
( 43,665)
---------
---------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
( 134,476)
( 44,665)
---------
--------
Shareholders deficit
( 133,476)
( 43,665)
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Lime People Search & Select Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 10 June 2025 , and are signed on behalf of the board by:
Mr M I Chaudry
Director
Company registration number: 08062097
Lime People Search & Select Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Moorhead Lane, Shipley, West Yorkshire, BD18 4JH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors consider the company to be a going concern and are content to provide it with continuing financial support.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 154 (2023: Nil).
5. Debtors
2024
2023
£
£
Trade debtors
308,508
507,268
Amounts owed by group undertakings and undertakings in which the company has a participating interest
22,415
148,800
Other debtors
25,050
21,694
---------
---------
355,973
677,762
---------
---------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
23,593
80,808
Amounts owed to group undertakings and undertakings in which the company has a participating interest
9,930
180,000
Social security and other taxes
233,589
137,609
CFD Corporate Services Ltd
5,000
Transpennine Projects Ltd
5,000
Other creditors
30,977
13,500
---------
---------
298,089
421,917
---------
---------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
238,955
302,951
Other creditors
15,122
---------
---------
238,955
318,073
---------
---------
8. Related party transactions