Company Registration No. SC663983 (Scotland)
Lemon Pulse Ltd
Unaudited accounts
for the period from 12 June 2020 to 30 June 2021
Lemon Pulse Ltd
Unaudited accounts
Contents
Lemon Pulse Ltd
Company Information
for the period from 12 June 2020 to 30 June 2021
Directors
Gideon David Wellins
Alena Bazilenko
Company Number
SC663983 (Scotland)
Registered Office
103 WEST NILE STREET
GLASGOW
G1 2SD
SCOTLAND
Accountants
QC Partners LLP
Rico House
George Street
Manchester
M25 9WS
Lemon Pulse Ltd
Statement of financial position
as at
30 June 2021
Cash at bank and in hand
149,502
Creditors: amounts falling due within one year
(41,901)
Net current assets
119,822
Called up share capital
1
Profit and loss account
122,775
Shareholders' funds
122,776
For the period ending 30 June 2021 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2021 and were signed on its behalf by
Gideon David Wellins
Director
Company Registration No. SC663983
Lemon Pulse Ltd
Notes to the Accounts
for the period from 12 June 2020 to 30 June 2021
Lemon Pulse Ltd is a private company, limited by shares, registered in Scotland, registration number SC663983. The registered office is 103 WEST NILE STREET, GLASGOW, G1 2SD, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Lemon Pulse Ltd
Notes to the Accounts
for the period from 12 June 2020 to 30 June 2021
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Charge for the period
1,477
5
Debtors: amounts falling due within one year
2021
Accrued income and prepayments
(954)
6
Creditors: amounts falling due within one year
2021
Taxes and social security
45,699
Loans from directors
(6,651)
7
Average number of employees
During the period the average number of employees was 2.