Company Registration No. 09311421 (England and Wales)
The Lemon Tree (Wrexham) Trading Limited
Unaudited accounts
for the year ended 30 November 2024
The Lemon Tree (Wrexham) Trading Limited
Unaudited accounts
Contents
The Lemon Tree (Wrexham) Trading Limited
Company Information
for the year ended 30 November 2024
Company Number
09311421 (England and Wales)
Registered Office
The Lemon Tree Ltd
29 Rhosddu Road
Wrexham
Clwyd
LL11 2LP
Wales
The Lemon Tree (Wrexham) Trading Limited
Statement of financial position
as at 30 November 2024
Tangible assets
21,702
21,600
Creditors: amounts falling due within one year
(248,995)
(201,859)
Net current liabilities
(229,833)
(106,233)
Total assets less current liabilities
(208,131)
(84,633)
Creditors: amounts falling due after more than one year
(25,507)
(30,829)
Provisions for liabilities
Net liabilities
(237,761)
(115,462)
Called up share capital
1,000
1,000
Profit and loss account
(238,761)
(116,462)
Shareholders' funds
(237,761)
(115,462)
For the year ending 30 November 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 21 August 2025 and were signed on its behalf by
SP Regan
Director
Company Registration No. 09311421
The Lemon Tree (Wrexham) Trading Limited
Notes to the Accounts
for the year ended 30 November 2024
The Lemon Tree (Wrexham) Trading Limited is a private company, limited by shares, registered in England and Wales, registration number 09311421. The registered office is The Lemon Tree Ltd, 29 Rhosddu Road, Wrexham, Clwyd, LL11 2LP, Wales.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is credited or charged to profit or loss.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Fixtures & fittings
15% reducing balance
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.
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
The Lemon Tree (Wrexham) Trading Limited
Notes to the Accounts
for the year ended 30 November 2024
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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.
The director has considered a period of 12 months from the approval date of the accounts, and is confident that the going concern applies, on the basis that the director will continue to provide financial support to the company.
The Lemon Tree (Wrexham) Trading Limited
Notes to the Accounts
for the year ended 30 November 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2023
24,552
1,580
-
26,132
Additions
2,956
-
749
3,705
At 30 November 2024
27,508
1,580
749
29,837
At 1 December 2023
3,683
849
-
4,532
Charge for the year
3,241
109
253
3,603
At 30 November 2024
6,924
958
253
8,135
At 30 November 2024
20,584
622
496
21,702
At 30 November 2023
20,869
731
-
21,600
Amounts falling due within one year
Amounts due from group undertakings etc.
8,236
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
44,329
47,190
Trade creditors
23,153
26,090
Taxes and social security
52,266
-
Loans from directors
46,767
-
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 28 (2023: 28).