Lime Capital Finance Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06954002 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

FOR

LIME CAPITAL FINANCE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C J Dugdale

R J Martin

Dr D E Dugdale

Sir R Carrick

REGISTERED OFFICE:

Queens Gardens

31 Ironmarket

Newcastle

Staffordshire

ST5 1RP

REGISTERED NUMBER:

06954002 (England and Wales)

ACCOUNTANTS:

Barringtons Limited

Chartered Accountants

570-572 Etruria

Road, Basford

Newcastle

Staffordshire

ST5 0SU

FIXED ASSETS

Intangible assets

2

5,880

7,350

Tangible assets

3

6,564

6,900

12,444

14,250

CURRENT ASSETS

Debtors

1,829,901

1,318,793

Cash at bank

642,608

1,135,866

2,472,509

2,454,659

CREDITORS

Amounts falling due within one year

42,584

14,592

NET CURRENT ASSETS

2,429,925

2,440,067

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,442,369

2,454,317

CREDITORS

Amounts falling due after more than one
year

(2,223,537

)

(2,334,936

)

PROVISIONS FOR LIABILITIES

(1,773

)

(2,221

)

NET ASSETS

217,059

117,160

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

216,959

117,060

SHAREHOLDERS' FUNDS

217,059

117,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 18 April 2016 and were signed on its behalf by:

C J Dugdale - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover is made up of interest charged on the loans in issue and set-up charges.

Websites

The Website development costs are being written-off over the estimated useful life of 10 years.

Tangible fixed assets

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

Office equipment

-

15% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

14,700

AMORTISATION

At 1 August 2014

7,350

Amortisation for year

1,470

At 31 July 2015

8,820

NET BOOK VALUE

At 31 July 2015

5,880

At 31 July 2014

7,350

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

11,427

Additions

1,346

At 31 July 2015

12,773

DEPRECIATION

At 1 August 2014

4,527

Charge for year

1,682

At 31 July 2015

6,209

NET BOOK VALUE

At 31 July 2015

6,564

At 31 July 2014

6,900

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100

5.	CONTROLLING PARTY

The Company is under the control of Mr C J Dugdale, a director, who owns 100% of the issued share capital.