Limecrete Products UK Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12433316

Limecrete Products UK Limited

Unaudited financial statements

31 January 2025

Limecrete Products UK Limited

Statement of financial position

31 January 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	5	7,426	8,911
Tangible assets	6	137,677	168,362
		---------	---------
		145,103	177,273

Current assets

Stocks		32,152	44,066
Debtors	7	117,114	81,436
Cash at bank and in hand		47,191	24,960
		---------	---------
		196,457	150,462

Creditors: Amounts falling due within one year	8	( 107,635)		( 102,141)
		---------		---------
Net current assets			88,822		48,321
			---------		---------
Total assets less current liabilities			233,925		225,594

Creditors: Amounts falling due after more than one year	9		( 25,620)		( 50,248)

Provisions

Taxation including deferred tax	( 34,190)	–
	---------	---------
Net assets	174,115	175,346
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	174,015	175,246
	---------	---------
Shareholders funds	174,115	175,346
	---------	---------

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 income statement has not been delivered.

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Limecrete Products UK Limited

Statement of financial position (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 2 September 2025 , and are signed on behalf of the board by:

Ms S Woodger	Mr S Catchpole
Director	Director

Company registration number: 12433316

Limecrete Products UK Limited

Notes to the financial statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Pond Farm, Ferry Road, Carleton St. Peter, Norwich, NR14 7BD, England.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% reducing balance
Fixtures and fittings	-	33% straight line
Motor vehicles	-	20% reducing balance
Equipment	-	20% reducing balance

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.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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 employees during the year was 12 (2024: 14 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 February 2024 and 31 January 2025	14,852
	-------
Amortisation
At 1 February 2024	5,941
Charge for the year	1,485
	-------
At 31 January 2025	7,426
	-------
Carrying amount
At 31 January 2025	7,426
	-------
At 31 January 2024	8,911
	-------

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 February 2024	192,076	15,481	61,886	2,053	271,496
Additions	500	946	–	–	1,446
	---------	-------	-------	------	---------
At 31 January 2025	192,576	16,427	61,886	2,053	272,942
	---------	-------	-------	------	---------
Depreciation
At 1 February 2024	78,529	2,816	20,277	1,512	103,134
Charge for the year	21,963	1,354	8,323	491	32,131
	---------	-------	-------	------	---------
At 31 January 2025	100,492	4,170	28,600	2,003	135,265
	---------	-------	-------	------	---------
Carrying amount
At 31 January 2025	92,084	12,257	33,286	50	137,677
	---------	-------	-------	------	---------
At 31 January 2024	113,547	12,665	41,609	541	168,362
	---------	-------	-------	------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	102,621	65,343
Other debtors	14,493	16,093
	---------	-------
	117,114	81,436
	---------	-------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	5,361	5,227
Trade creditors	41,447	32,099
Accruals and deferred income	6,106	12,626
Corporation tax	18,332	13,715
Social security and other taxes	6,641	5,729
Obligations under finance leases and hire purchase contracts	19,133	22,270
Director loan accounts	4,400	4,400
Other creditors	6,215	6,075
	---------	---------
	107,635	102,141
	---------	---------

9. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	25,620	31,115
Obligations under finance leases and hire purchase contracts	–	19,133
	-------	-------
	25,620	50,248
	-------	-------