2022-08-01 07693549 2023-07-31 07693549 2022-08-01 2023-07-31 07693549 2022-07-31 07693549 2021-08-01 2022-07-31 07693549 uk-core:WithinOneYear 2022-07-31 07693549 uk-core:WithinOneYear 2023-07-31 07693549 uk-core:AfterOneYear 2022-07-31 07693549 uk-core:AfterOneYear 2023-07-31 07693549 uk-core:ShareCapital 2023-07-31 07693549 uk-core:ShareCapital 2022-07-31 07693549 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 07693549 uk-core:RetainedEarningsAccumulatedLosses 2022-07-31 07693549 uk-bus:Director1 2022-08-01 2023-07-31 07693549 uk-core:PlantMachinery 2022-08-01 2023-07-31 07693549 uk-core:MotorVehicles 2022-08-01 2023-07-31 07693549 uk-core:Goodwill 2022-07-31 07693549 uk-core:Goodwill 2023-07-31 07693549 uk-core:MotorVehicles 2022-07-31 07693549 uk-core:PlantMachinery 2022-07-31 07693549 uk-core:PlantMachinery 2023-07-31 07693549 uk-core:MotorVehicles 2023-07-31 07693549 uk-core:WithinOneYear 2023-07-31 07693549 uk-core:WithinOneYear 2022-07-31 07693549 uk-core:AfterOneYear uk-core:Secured 2023-07-31 07693549 uk-core:AfterOneYear uk-core:Secured 2022-07-31 iso4217:GBP xbrli:pure 07693549 uk-bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 07693549 uk-bus:FRS102 2022-08-01 2023-07-31 07693549 uk-bus:FullAccounts 2022-08-01 2023-07-31 07693549 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31
Lakeland Blinds Limited
Registered Number:07693549
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
07693549
As at 31 July 2023
Lakeland Blinds Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
12,000
12,000
2
Property, plant and equipment
6,367
12,430
3
18,367
24,430
Current assets
Inventories
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
Capital and reserves
Called up share capital
1,152
1,152
Retained earnings
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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4
Registered Number :
07693549
For the year ended 31 July 2023
Lakeland Blinds Limited
Statement of Financial Position Continued
J. Etherington Director
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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5
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.
Registered address:
Wyncroft
The Hill
Millom
Cumbria
LA18 5HG
The presentation currency is £ sterling.
1. Accounting policies
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.
Going Concern
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
25% 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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6
For the year ended 31 July 2023
Lakeland Blinds Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 August 2022
12,000
At 31 July 2023
12,000
Net book value
At 31 July 2023
12,000
At 31 July 2022
12,000
3. Property, plant and equipment
Total
Motor vehicles
Plant and
equipment
£
£
£
Cost or
valuation
At 01 August 2022
35,096
33,260
1,836
178
-
178
Additions
At 31 July 2023
2,014
33,260
35,274
Provision for depreciation and impairment
At 01 August 2022
22,666
20,830
1,836
Charge for year
6,241
6,215
26
At 31 July 2023
28,907
27,045
1,862
At 31 July 2023
Net book value
152
6,215
6,367
At 31 July 2022
-
12,430
12,430
4. Inventories
2022
2023
£
£
Stocks
1,772
1,806
5. Trade and other receivables
2022
2023
£
£
Other debtors
608
577
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7
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
£
£
Bank loans and overdraft
1,669
2,226
Trade creditors
11,808
8,057
Taxation and social security
6,830
6,849
Directors' loan accounts
176
573
Other creditors
2,147
1,790
22,630
19,495
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
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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