Lime Thorne Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03759456 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Lime Thorne Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G P Thorne

Mrs S R Thorne

SECRETARY:

Mrs S R Thorne

REGISTERED OFFICE:

The Old Stables

Blaxhall

Woodbridge

Suffolk

IP12 2DF

REGISTERED NUMBER:

03759456 (England and Wales)

ACCOUNTANTS:

Turner & Ellerby

Chartered Certified Accountants

5 Church Street

Framlingham

Woodbridge

Suffolk

IP13 9BQ

FIXED ASSETS

Tangible assets

4

129,003

94,697

Investments

5

937,069

20,000

1,066,072

114,697

CURRENT ASSETS

Debtors

6

630,532

1,741,216

Cash at bank

114,136

135,656

744,668

1,876,872

CREDITORS

Amounts falling due within one year

7

481,853

555,535

NET CURRENT ASSETS

262,815

1,321,337

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,328,887

1,436,034

PROVISIONS FOR LIABILITIES

8

17,952

9,376

NET ASSETS

1,310,935

1,426,658

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

1,310,933

1,426,656

SHAREHOLDERS' FUNDS

1,310,935

1,426,658

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2025 and were signed on its behalf by:

Mr G P Thorne - Director

1.	STATUTORY INFORMATION

Lime Thorne Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

COST

At 1 April 2024

57,193

62,426

97,589

217,208

Additions

-

43,682

At 31 March 2025

57,193

62,426

141,271

260,890

DEPRECIATION

At 1 April 2024

-

52,333

70,178

122,511

Charge for year

-

2,523

6,853

9,376

At 31 March 2025

-

54,856

77,031

131,887

NET BOOK VALUE

At 31 March 2025

57,193

7,570

64,240

129,003

At 31 March 2024

57,193

10,093

27,411

94,697

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

20,000

Additions

917,069

At 31 March 2025

937,069

NET BOOK VALUE

At 31 March 2025

937,069

At 31 March 2024

20,000

For the year ended 31st March 2025 the directors' reviewed the valuation of the unlisted investments. As there is no readily accessible market value for these, they will continue to be held at cost on the company balance sheet.

6.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Trade debtors

291,500

524,700

Other debtors

-

66,168

Directors' current accounts

-

567,348

Tax

47,532

-

339,032

1,158,216

Amounts falling due after more than one year:

Trade debtors

291,500

583,000

Aggregate amounts

630,532

1,741,216

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

1,010

Tax

-

297,063

Social security and other taxes

21,571

1,539

VAT

140,717

233,201

Other creditors

14,277

-

Directors' current accounts

274,366

-

Accrued expenses

29,912

22,722

481,853

555,535

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

17,952

9,376

Deferred

tax

£

Balance at 1 April 2024

9,376

Charge to Income Statement during year

8,576

Balance at 31 March 2025

17,952

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

Mr G P Thorne and Mrs S R Thorne

Balance outstanding at start of year

565,188

-

Amounts advanced

-

565,188

Amounts repaid

(565,188

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

565,188