Lumpy Lemon Limited - Period Ending 2014-04-30

Registration number: 06198933

Lumpy Lemon Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2014
 

Green Accountancy Limited
Chartered Certified Accountants
Signal Court
Old Station Way
Eynsham
Oxford
OX29 4TL

Lumpy Lemon Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Lumpy Lemon Limited
for the Year Ended 30 April 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lumpy Lemon Limited for the year ended 30 April 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Lumpy Lemon Limited, as a body, in accordance with the terms of our engagement letter dated 20 May 2008. Our work has been undertaken solely to prepare for your approval the accounts of Lumpy Lemon Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lumpy Lemon Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Lumpy Lemon Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Lumpy Lemon Limited. You consider that Lumpy Lemon Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Lumpy Lemon Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Green Accountancy Limited
Chartered Certified Accountants
Signal Court
Old Station Way
Eynsham
Oxford
OX29 4TL

18 November 2014

Page 1

Lumpy Lemon Limited
(Registration number: 06198933)
Abbreviated Balance Sheet at 30 April 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					3,831			4,614
Current assets
Debtors					1,320			1,157
Cash at bank and in hand					5,666			4,353
					6,986			5,510
Creditors: Amounts falling due within one year					(3,261)			(2,390)
Net current assets					3,725			3,120
Net assets					7,556			7,734
Capital and reserves
Called up share capital		3			4			4
Profit and loss account					7,552			7,730
Shareholders' funds					7,556			7,734

For the year ending 30 April 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 23 October 2014 and signed on its behalf by:

.........................................
S Blackbourn
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Lumpy Lemon Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer and office Equipment	25 % Reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2013		16,091			16,091
Additions		494			494
At 30 April 2014		16,585			16,585
Depreciation
At 1 May 2013		11,477			11,477
Charge for the year		1,277			1,277
At 30 April 2014		12,754			12,754
Net book value
At 30 April 2014		3,831			3,831
At 30 April 2013		4,614			4,614

Page 3

Lumpy Lemon Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary Shares of £1 each		4			4			4			4

4	Related party transactions

Directors' advances and credits

	2014 Advance/ Credit £	2014 Repaid £	2013 Advance/ Credit £	2013 Repaid £
S Blackbourn
Opening balance	1,338	-	2,132	-
Purchases paid privately	2,434	-	2,450	-
Money withdrawn	(3,441)	-	(3,486)	-
Money paid into company	601	-	242	-
	932	-	1,338	-

Page 4