Lime Personnel Limited Filleted accounts for Companies House (small and micro)

LIME PERSONNEL LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 07691045

Lime Personnel Limited

Filleted Unaudited Financial Statements

31 October 2020

Lime Personnel Limited

Statement of Financial Position

31 October 2020

	2020		2019
Note	£	£	£

Fixed assets

Tangible assets	5		166,783	165,776

Current assets

Debtors	6	853,173	906,569
Cash at bank and in hand		64,894	51,481
		---------	---------
		918,067	958,050

Creditors: amounts falling due within one year	7	1,025,923		1,093,681
		------------		------------
Net current liabilities			107,856	135,631
			---------	---------
Total assets less current liabilities			58,927	30,145
			--------	--------
Net assets			58,927	30,145
			--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	58,926	30,144
	--------	--------
Shareholders funds	58,927	30,145
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 October 2020 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 16 November 2021 , 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 2020

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

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 148 (2019: 149 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Nov 2019	163,114	8,449	3,989	5,950	1,741	183,243
Additions	–	–	2,230	–	–	2,230
	---------	-------	-------	-------	-------	---------
At 31 Oct 2020	163,114	8,449	6,219	5,950	1,741	185,473
	---------	-------	-------	-------	-------	---------
Depreciation
At 1 Nov 2019	–	8,449	2,306	5,950	762	17,467
Charge for the year	–	–	978	–	245	1,223
	---------	-------	-------	-------	-------	---------
At 31 Oct 2020	–	8,449	3,284	5,950	1,007	18,690
	---------	-------	-------	-------	-------	---------
Carrying amount
At 31 Oct 2020	163,114	–	2,935	–	734	166,783
	---------	-------	-------	-------	-------	---------
At 31 Oct 2019	163,114	–	1,683	–	979	165,776
	---------	-------	-------	-------	-------	---------

6. Debtors

	2020	2019
	£	£
Trade debtors	500,416	621,023
Amounts owed by group undertakings and undertakings in which the company has a participating interest	65,027	156,340
Other debtors	287,730	129,206
	---------	---------
	853,173	906,569
	---------	---------

7. Creditors: amounts falling due within one year

	2020	2019
	£	£
Bank loans and overdrafts	50,007	–
Trade creditors	147,091	182,167
Corporation tax	16,390	9,420
Social security and other taxes	397,271	115,298
Other creditors	415,164	786,796
	------------	------------
	1,025,923	1,093,681
	------------	------------