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Registered number: 11321154

Lakepharm Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2022

Prepared By:
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL

Lakepharm Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2022
DIRECTORS
Mr K C Chan
Mr H Patel
REGISTERED OFFICE
9 Fen View Court
Cambridge
Cambridgeshire
CB4 1RF
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11321154
ACCOUNTANTS
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL

Lakepharm Ltd

ACCOUNTS
FOR THEYEARENDED31/03/2022
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Lakepharm Ltd

BALANCE SHEET AT 31/03/2022
20222021
Notes££
FIXED ASSETS
Tangible assets4104313
CURRENT ASSETS
Stock32,71532,000
Debtors6104,992182,601
Cash at bank and in hand396,700214,174
534,407428,775
CREDITORS: Amounts falling due within one year7214,471242,949
NET CURRENT ASSETS319,936185,826
TOTAL ASSETS LESS CURRENT LIABILITIES320,040186,139
PROVISIONS FOR LIABILITIES AND CHARGES82064
NET ASSETS320,020186,075
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account319,920185,975
SHAREHOLDERS' FUNDS320,020186,075
For the year ending 31/03/2022 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 30/06/2022 and signed on their behalf by
.............................
Mr K C Chan
Director
.............................
Mr H Patel
Director

Lakepharm Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Computer Equipmentstraight line 33%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

Lakepharm Ltd

2. EMPLOYEES
20222021
No.No.
Average number of employees65
3. INTANGIBLE FIXED ASSETS
Cost
At 31/03/2022
Depreciation
At 31/03/2022
Net Book Amounts
At 31/03/2022
4. TANGIBLE FIXED ASSETS
Computer
EquipmentTotal
££
Cost
At 01/04/2021627627
At 31/03/2022627627
Depreciation
At 01/04/2021314314
For the year209209
At 31/03/2022523523
Net Book Amounts
At 31/03/2022104104
At 31/03/2021313313
5. STOCK 20222021
££
Stock comprises:
Stock32,71532,000
32,71532,000

Lakepharm Ltd

6. DEBTORS 20222021
££
Amounts falling due within one year
Trade debtors71,801122,156
VAT31,50959,132
Intercompany loans506253
Prepayments1,1761,060
104,992182,601
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20222021
££
UK corporation tax31,45834,033
PAYE control2,038461
Salaries and wages control5,378-
Directors current account2,2612,055
Directors current account2,2612,055
Payments received on account-32,274
Trade creditors93,93994,527
Pension schemes110159
Accruals9811,124
Intercompany loans76,04576,261
214,471242,949
8. PROVISIONS FOR LIABILITIES 20222021
££
Deferred taxation2064
2064
9. SHARE CAPITAL 20222021
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100

Lakepharm Ltd

10. CONTROLLING PARTY
The company is a wholly owned subsidiary of Lakeproppharm Ltd. Lakeproppharm Ltd is the ultimate parent company.