Sepia limata is a species of cuttlefish native to the southwestern Pacific Ocean, specifically southern Queensland to New South Wales, Australia (26°30′S 153°44′E to 34°40′S 150°51′E). It lives at depths of between 17 and 183 m.Females are slightly larger than males. They grow to a mantle length of 42 mm and 35 mm, respectively.The type specimen was collected off Manly Beach, New South Wales (33°48′S 151°17′E). It is deposited at the Australian Museum in Sydney.