Registered Number:07693549 |
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 July 2023
Lakeland Blinds Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Lakeland Blinds Limited
Statement of Financial Position
2022
2023
12,000
12,000
2
Property, plant and equipment |
6,367
12,430
3
18,367
24,430
1,806
1,772
4
Trade and other receivables |
577
608
5
8,933
Cash and cash equivalents |
12,558
14,938
11,316
Trade and other payables: amounts falling due within one |
year |
(19,495)
(22,630)
6
(8,179)
(7,692)
Net current liabilities
Total assets less current liabilities |
10,675
16,251
Trade and other payables: amounts falling due after more |
than one year |
(5,618)
(3,129)
7
7,546
Net assets
10,633
1,152
1,152
6,394
9,481
7,546
10,633
Shareholders' funds
For the year ended 31 July 2023 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 of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the |
end of each financial year and of its profit or loss for each financial year in accordance with the requirements |
of Section 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 |
relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 July 2023
Lakeland Blinds Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 20 September 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 July 2023
Lakeland Blinds Limited
Notes to the Financial Statements
Statutory Information
Lakeland Blinds Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 07693549. |
Wyncroft
The Hill
Millom
Cumbria
LA18 5HG
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and |
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
The financial statements have been prepared on a going concern basis as the directors believe that no material |
uncertainties exist. The directors have considered the level of funds held and the expected level of income and |
expenditure for 12 months from authorising these financial statements and have concluded that the company is |
able to continue as a going concern. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and equipment
25%-33% per annum on cost |
Motor vehicles
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model. |
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For the year ended 31 July 2023
Lakeland Blinds Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
12,000
12,000
12,000
12,000
3. Property, plant and equipment |
Motor vehicles
35,096
33,260
1,836
178
-
178
2,014
33,260
35,274
Provision for depreciation and impairment |
22,666
20,830
1,836
Charge for year
6,241
6,215
26
28,907
27,045
1,862
152
6,215
6,367
-
12,430
12,430
2022
2023
1,772
1,806
5. Trade and other receivables |
2022
2023
608
577
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For the year ended 31 July 2023
Lakeland Blinds Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due within one year |
2022
2023
1,669
2,226
11,808
8,057
Taxation and social security |
6,830
6,849
176
573
2,147
1,790
22,630
19,495
7. Trade and other payables: amounts falling due after more than one year |
2022
2023
3,129
5,618
8. Average number of persons employed |
During the year the average number of employees were 3 (2022 : 3)
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