Lime IV Life Limited - Period Ending 2016-09-30

LIME IV LIFE LIMITED - Company Information

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Registration number: 09766597

Lime IV Life Limited

Unaudited Abbreviated Accounts

for the Period from 8 September 2015 to 30 September 2016

HPH
Chartered Accountants
54 Bootham
York
YO30 7XZ

Lime IV Life Limited
Contents

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

2 to 3

Lime IV Life Limited
(Registration number: 09766597)
Abbreviated Balance Sheet - UNAUDITED - at 30 September 2016

	Note	30 September 2016 £
Fixed assets
Tangible fixed assets	2	3,296
Current assets
Debtors		3,864
Cash at bank and in hand		2,374
		6,238
Creditors: Amounts falling due within one year		(4,272)
Net current assets		1,966
Total assets less current liabilities		5,262
Creditors: Amounts falling due after more than one year		(5,495)
Net liabilities		(£233)
Capital and reserves
Called up share capital	3	1
Profit and loss account		(234)
Shareholders' deficit		(£233)

For the year ending 30 September 2016 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 director acknowledges his 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Approved by the Board on 8 June 2017

.........................................
Mr A P G F Vernon
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Lime IV Life Limited
Notes to the Abbreviated Accounts - UNAUDITED - for the Period from 8 September 2015 to 30 September 2016
......... 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 January 2015).

Going concern

The financial statements have been prepared on a going concern basis. The director is confident that the Company has adequate cashflow and working capital to continue in operation for at least twelve months from the date of approval of the accounts, and will not seek repayment of his loan before that time.

Turnover

Turnover represents amounts chargeable, net of value added tax, 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
Plant and machinery	25% reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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
Additions	4,395	4,395
At 30 September 2016	4,395	4,395

Page 2

Lime IV Life Limited
Notes to the Abbreviated Accounts - UNAUDITED - for the Period from 8 September 2015 to 30 September 2016
......... continued

Depreciation
Charge for the period	1,099	1,099
At 30 September 2016	1,099	1,099
Net book value
At 30 September 2016	£3,296	£3,296

3	Share capital

Allotted, called up and fully paid shares

30 September 2016

No.

Ordinary Shares of £1.00 each

£1

New shares allotted

During the period 1 Ordinary Share having an aggregate nominal value of £1 were allotted for an aggregate consideration of £1. The subscriber share was issued on the incorporation of the Company.

Control

The company is controlled by Ms J S T Pywell who owns 100% of the Share Capital.

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