Company registration number 15402650 (England and Wales)
THE LIME PLACE SUFFOLK LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
THE LIME PLACE SUFFOLK LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
Notes
£
£
Fixed assets
Tangible assets
3
3,322
Current assets
Stocks
2,600
Debtors
4
2,957
Cash at bank and in hand
7,612
13,169
Creditors: amounts falling due within one year
5
(17,152)
Net current liabilities
(3,983)
Total assets less current liabilities
(661)
Provisions for liabilities
(238)
Net liabilities
(899)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(999)
Total equity
(899)

For the financial period ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 12 November 2025
Mr Graham Griffiths
Director
Company registration number 15402650 (England and Wales)
THE LIME PLACE SUFFOLK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

The Lime Place Suffolk Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 22 Friars Street, Sudbury, Suffolk, CO10 2AA.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% reducing balance
Computers
15% reducing balance
Motor vehicles
25% reducing balance

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.

THE LIME PLACE SUFFOLK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.4
Stocks

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.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
Number
Total
1
THE LIME PLACE SUFFOLK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 4 -
3
Tangible fixed assets
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 10 January 2024
-
0
-
0
-
0
-
0
Additions
1,712
300
2,150
4,162
At 31 March 2025
1,712
300
2,150
4,162
Depreciation and impairment
At 10 January 2024
-
0
-
0
-
0
-
0
Depreciation charged in the period
257
45
538
840
At 31 March 2025
257
45
538
840
Carrying amount
At 31 March 2025
1,455
255
1,612
3,322
4
Debtors
2025
Amounts falling due within one year:
£
Trade debtors
2,588
Other debtors
369
2,957
5
Creditors: amounts falling due within one year
2025
£
Taxation and social security
4,198
Other creditors
12,954
17,152
6
Directors' transactions

There were no transactions the Director considers it necessary to disclose.

2025-03-31 2024-01-10 false false false 13 November 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr Graham Griffiths 15402650 2024-01-10 2025-03-31 15402650 2025-03-31 15402650 core:FurnitureFittings 2025-03-31 15402650 core:ComputerEquipment 2025-03-31 15402650 core:MotorVehicles 2025-03-31 15402650 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 15402650 core:WithinOneYear 2025-03-31 15402650 core:CurrentFinancialInstruments 2025-03-31 15402650 core:ShareCapital 2025-03-31 15402650 core:RetainedEarningsAccumulatedLosses 2025-03-31 15402650 bus:Director1 2024-01-10 2025-03-31 15402650 core:FurnitureFittings 2024-01-10 2025-03-31 15402650 core:ComputerEquipment 2024-01-10 2025-03-31 15402650 core:MotorVehicles 2024-01-10 2025-03-31 15402650 core:FurnitureFittings 2024-01-09 15402650 core:ComputerEquipment 2024-01-09 15402650 core:MotorVehicles 2024-01-09 15402650 2024-01-09 15402650 bus:PrivateLimitedCompanyLtd 2024-01-10 2025-03-31 15402650 bus:SmallCompaniesRegimeForAccounts 2024-01-10 2025-03-31 15402650 bus:FRS102 2024-01-10 2025-03-31 15402650 bus:AuditExemptWithAccountantsReport 2024-01-10 2025-03-31 15402650 bus:FullAccounts 2024-01-10 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP