Lime Personnel Limited Company accounts

LIME PERSONNEL LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 07691045

Lime Personnel Limited

Unaudited Financial Statements

31 October 2018

Lime Personnel Limited

Financial Statements

Year ended 31 October 2018

Contents	Page

Directors' report	1

Accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of income and retained earnings	3

Statement of financial position	4

Notes to the financial statements	5

Lime Personnel Limited

Directors' Report

Year ended 31 October 2018

The directors present their report and the unaudited financial statements of the company for the year ended 31 October 2018 .

Directors

The directors who served the company during the year were as follows:

Mr M I Chaudry
L E Marshall

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 24 July 2019 and signed on behalf of the board by:

Mr M I Chaudry

Director

Registered office:

7 Moorhead Lane

Shipley

West Yorkshire

England

BD18 4JH

Lime Personnel Limited

Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Lime Personnel Limited

Year ended 31 October 2018

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 October 2018, which comprise the statement of income and retained earnings, statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

CHAUDRY FRANCIS & DOUGLAS Accountants

7 Moorhead Lane Saltaire Shipley West Yorkshire BD18 4JH

24 July 2019

Lime Personnel Limited

Statement of Income and Retained Earnings

Year ended 31 October 2018

	2018	2017
Note	£	£
Turnover	2,518,088	2,214,228

Cost of sales	2,200,488	1,908,947
	------------	------------
Gross profit	317,600	305,281

Administrative expenses	291,034	301,162
	---------	---------
Operating profit	26,566	4,119

Other interest receivable and similar income		28	–
Interest payable and similar expenses		24,255	1,250
		---------	---------
Profit before taxation	5	2,339	2,869

Tax on profit	312	655
	-------	-------
Profit for the financial year and total comprehensive income	2,027	2,214
	-------	-------

Retained earnings at the start of the year	8,489	6,275
	--------	-------
Retained earnings at the end of the year	10,516	8,489
	--------	-------

All the activities of the company are from continuing operations.

Lime Personnel Limited

Statement of Financial Position

31 October 2018

	2018		2017
Note	£	£	£

Fixed assets

Tangible assets	6		3,550	2,992

Current assets

Debtors	7	944,457	785,531
Cash at bank and in hand		59,413	1,369
		------------	---------
		1,003,870	786,900

Creditors: amounts falling due within one year	8	996,903		781,402
		------------		---------
Net current assets			6,967	5,498
			--------	-------
Total assets less current liabilities			10,517	8,490
			--------	-------
Net assets			10,517	8,490
			--------	-------

Capital and reserves

Called up share capital	1	1
Profit and loss account	10,516	8,489
	--------	-------
Shareholders funds	10,517	8,490
	--------	-------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 October 2018 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 .

These financial statements were approved by the board of directors and authorised for issue on 24 July 2019 , and are signed on behalf of the board by:

Mr M I Chaudry

Director

Lime Personnel Limited

Notes to the Financial Statements

Year ended 31 October 2018

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, 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.

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	-	33% straight line
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	20% straight line
Equipment	-	25% reducing balance

4. Employee numbers

The average number of persons employed by the company during the year amounted to 183 (2017: 145 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2018	2017
	£	£
Depreciation of tangible assets	1,183	997
	-------	----

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 November 2017	8,449	3,989	5,950	–	18,388
Additions	–	–	–	1,741	1,741
	-------	-------	-------	-------	--------
At 31 October 2018	8,449	3,989	5,950	1,741	20,129
	-------	-------	-------	-------	--------
Depreciation
At 1 November 2017	8,449	997	5,950	–	15,396
Charge for the year	–	748	–	435	1,183
	-------	-------	-------	-------	--------
At 31 October 2018	8,449	1,745	5,950	435	16,579
	-------	-------	-------	-------	--------
Carrying amount
At 31 October 2018	–	2,244	–	1,306	3,550
	-------	-------	-------	-------	--------
At 31 October 2017	–	2,992	–	–	2,992
	-------	-------	-------	-------	--------

7. Debtors

	2018	2017
	£	£
Trade debtors	722,374	556,670
Amounts owed by group undertakings and undertakings in which the company has a participating interest	131,290	150,450
Other debtors	90,793	78,411
	---------	---------
	944,457	785,531
	---------	---------

8. Creditors: amounts falling due within one year

	2018	2017
	£	£
Trade creditors	37,747	37,313
Corporation tax	312	655
Social security and other taxes	190,903	215,021
Other creditors	767,941	528,413
	---------	---------
	996,903	781,402
	---------	---------