Lime Tree Galleries Ltd - Dormant accounts - members and to registrar (filleted) 18.1.1

Lime Tree Galleries Ltd - Dormant accounts - members and to registrar (filleted) 18.1.1

LIME TREE GALLERIES LTD - Company Information

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REGISTERED NUMBER: 05886003 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

LIME TREE GALLERIES LTD
LIME TREE GALLERIES LTD (REGISTERED NUMBER: 05886003)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LIME TREE GALLERIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2019







DIRECTORS: Ms S Dean
S P Edwards





SECRETARY: Ms S Dean





REGISTERED OFFICE: Lime Tree Gallery
84 Hotwell Road
Bristol
BS8 4UP





REGISTERED NUMBER: 05886003 (England and Wales)





ACCOUNTANTS: Hackett Griffey LLP
Chartered Certified Accountants
31 High Street
Haverhill
Suffolk
CB9 8AD
Page 1
LIME TREE GALLERIES LTD (REGISTERED NUMBER: 05886003)

BALANCE SHEET
30 SEPTEMBER 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,169 8,048

CURRENT ASSETS
Debtors 5 2,113 1,605
Cash at bank 28,099 17,519
30,212 19,124
CREDITORS
Amounts falling due within one year 6 189,142 152,998
NET CURRENT LIABILITIES (158,930 ) (133,874 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(151,761
)
(125,826
)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (151,861 ) (125,926 )
(151,761 ) (125,826 )

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 on 15 February 2020 and were signed on its behalf
by:



S P Edwards - Director



Ms S Dean - Director


The notes form part of these financial statements

Page 2
LIME TREE GALLERIES LTD (REGISTERED NUMBER: 05886003)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019

1. STATUTORY INFORMATION

Lime Tree Galleries Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

During the year ended 30 September 2019 the company made a further loss of £25,935 with the result that at the
balance sheet date it had net liabilities of £151,761.

The company is supported by a loan from its directors and amounts advanced from another company under the
control of the directors totalling £155,493 and there is no intention of this support being withdrawn in the
foreseeable future. For this reason the accounts have been prepared upon a going concern basis.

Turnover
Turnover is the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of
VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Going concern
The accounts have been prepared upon the going concern basis dependent upon the support of the directors, who
are the major creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

Page 3
LIME TREE GALLERIES LTD (REGISTERED NUMBER: 05886003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2019

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 October 2018
and 30 September 2019 17,353 4,714 22,067
DEPRECIATION
At 1 October 2018 9,431 4,588 14,019
Charge for year 855 24 879
At 30 September 2019 10,286 4,612 14,898
NET BOOK VALUE
At 30 September 2019 7,067 102 7,169
At 30 September 2018 7,922 126 8,048

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Prepayments and accrued income 2,113 1,605

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 24,170 11,147
Taxation and social security 4,404 2,983
Other creditors 160,568 138,868
189,142 152,998

Page 4