Lime Accountancy Ltd - Accounts to registrar (filleted) - small 22.3

Lime Accountancy Ltd - Accounts to registrar (filleted) - small 22.3

LIME ACCOUNTANCY LIMITED - Company Information

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REGISTERED NUMBER: 06115786 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2022

for

Lime Accountancy Ltd
Lime Accountancy Ltd (Registered number: 06115786)

Contents of the Financial Statements
for the Year Ended 28 February 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lime Accountancy Ltd

Company Information
for the Year Ended 28 February 2022







DIRECTOR: Mrs V Clements





REGISTERED OFFICE: 7 Bower Road
Wrecclesham
Farnham
Surrey
GU10 4ST





REGISTERED NUMBER: 06115786 (England and Wales)





ACCOUNTANTS: Lime Accountancy Limited
7 Bower Road
Wrecclesham
Farnham
Surrey
GU10 4ST
Page 1
Lime Accountancy Ltd (Registered number: 06115786)

Balance Sheet
28 February 2022

28/2/22 28/2/21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 887 884
887 884

CURRENT ASSETS
Debtors 6 25,952 50,367
Cash at bank 8,006 6,649
33,958 57,016
CREDITORS
Amounts falling due within one year 7 19,647 31,858
NET CURRENT ASSETS 14,311 25,158
TOTAL ASSETS LESS CURRENT LIABILITIES 15,198 26,042

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 15,098 25,942
SHAREHOLDERS' FUNDS 15,198 26,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 30 November 2022 and were signed by:





Mrs V Clements - Director


The notes form part of these financial statements

Page 2
Lime Accountancy Ltd (Registered number: 06115786)

Notes to the Financial Statements
for the Year Ended 28 February 2022


1. STATUTORY INFORMATION

Lime Accountancy 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.

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 represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on cost

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 4 (2021 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2021
and 28 February 2022 55,975
AMORTISATION
At 1 March 2021
and 28 February 2022 55,975
NET BOOK VALUE
At 28 February 2022 -
At 28 February 2021 -

Page 3
Lime Accountancy Ltd (Registered number: 06115786)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2021 185 2,231 3,093 5,509
Additions - - 269 269
At 28 February 2022 185 2,231 3,362 5,778
DEPRECIATION
At 1 March 2021 169 1,478 2,978 4,625
Charge for year 3 151 112 266
At 28 February 2022 172 1,629 3,090 4,891
NET BOOK VALUE
At 28 February 2022 13 602 272 887
At 28 February 2021 16 753 115 884

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/22 28/2/21
£    £   
Trade debtors 6,020 20,674
Accrued income 19,932 28,749
Prepayments - 944
25,952 50,367

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/22 28/2/21
£    £   
Trade creditors 586 402
Tax 9,032 11,114
Social security and other taxes 1,810 1,872
VAT 7,345 6,651
Pension creditor 126 135
Directors' current accounts 748 11,684
19,647 31,858

Page 4