IRIS Accounts Production v23.1.0.753 04695609 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary A 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure046956092022-03-31046956092023-03-31046956092022-04-012023-03-31046956092021-03-31046956092021-04-012022-03-31046956092022-03-3104695609ns16:EnglandWales2022-04-012023-03-3104695609ns15:PoundSterling2022-04-012023-03-3104695609ns11:Director12022-04-012023-03-3104695609ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3104695609ns11:SmallEntities2022-04-012023-03-3104695609ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3104695609ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3104695609ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3104695609ns11:FullAccounts2022-04-012023-03-3104695609ns11:OrdinaryShareClass22022-04-012023-03-3104695609ns11:OrdinaryShareClass12022-04-012023-03-3104695609ns11:Director22022-04-012023-03-3104695609ns11:CompanySecretary12022-04-012023-03-3104695609ns11:RegisteredOffice2022-04-012023-03-3104695609ns6:CurrentFinancialInstruments2023-03-3104695609ns6:CurrentFinancialInstruments2022-03-3104695609ns6:ShareCapital2023-03-3104695609ns6:ShareCapital2022-03-3104695609ns6:RetainedEarningsAccumulatedLosses2023-03-3104695609ns6:RetainedEarningsAccumulatedLosses2022-03-3104695609ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3104695609ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3104695609ns11:OrdinaryShareClass22023-03-3104695609ns11:OrdinaryShareClass12023-03-3104695609ns6:RetainedEarningsAccumulatedLosses2022-03-3104695609ns6:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 04695609 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

LAKELAND LEASING LIMITED

LAKELAND LEASING LIMITED (REGISTERED NUMBER: 04695609)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LAKELAND LEASING LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: Mrs C J Broatch
J N Cameron





SECRETARY: Mrs C J Broatch





REGISTERED OFFICE: Moss House
Tarn Road
Brampton
Cumbria
CA8 1QY





REGISTERED NUMBER: 04695609 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

LAKELAND LEASING LIMITED (REGISTERED NUMBER: 04695609)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 - 780
Cash at bank 1,479 2,605
1,479 3,385
CREDITORS
Amounts falling due within one year 5 1,224 2,950
NET CURRENT ASSETS 255 435
TOTAL ASSETS LESS CURRENT
LIABILITIES

255

435

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 155 335
SHAREHOLDERS' FUNDS 255 435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2023 and were signed on its behalf by:





Mrs C J Broatch - Director


LAKELAND LEASING LIMITED (REGISTERED NUMBER: 04695609)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Lakeland Leasing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents earned income from commercial leasing and commercial retail financing, net of value added tax.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Finance leases and instalment credit
The total gross charges under finance leases are allocated over the accounting periods in which rentals are due using the rule of 78 method.

Income from instalment credit agreements is determined by spreading charges over the accounting periods in which repayments are due using the actuarial method.

The unearned finance charges representing the balances remaining after allocating the finance charges over the period in which repayments are due, as at the balance sheet date, using the actuarial method.

Bad debts
Specific provisions are made against advances when the directors are of the opinion that any advance may not be recovered in full. No round sum provision is made to cover advances which may be bad or doubtful but not yet identified as such.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

LAKELAND LEASING LIMITED (REGISTERED NUMBER: 04695609)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts receivable in respect of
finance leases

-

146
Amounts receivable in respect of hire
purchase contracts

-

398
VAT - 236
- 780

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,136 2,950
VAT 88 -
1,224 2,950

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
49 Ordinary A £1 49 49

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
51 Ordinary shares of £1 each £1 51 51

7. RESERVES
Retained
earnings
£   

At 1 April 2022 335
Deficit for the year (180 )
At 31 March 2023 155

8. RELATED PARTY DISCLOSURES

The director and one related party have each given a personal guarantee to the company's bankers in respect of the company's bank overdraft.