1 September 2022 true No description of principal activity Taxfiler 2023.10 NI608931business:PrivateLimitedCompanyLtd2022-09-012023-08-31 NI6089312022-08-31 NI608931business:EntityNoLongerTradingButTradedInPast2022-09-012023-08-31 NI6089312022-09-012023-08-31 NI608931business:AuditExemptWithAccountantsReport2022-09-012023-08-31 NI608931business:FilletedAccounts2022-09-012023-08-31 NI6089312023-08-31 NI608931business:Director12022-09-012023-08-31 NI608931business:Director22022-09-012023-08-31 NI608931business:RegisteredOffice2022-09-012023-08-31 NI6089312022-08-31 NI608931core:WithinOneYear2023-08-31 NI608931core:WithinOneYear2022-08-31 NI608931core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 NI608931core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 NI608931core:SharePremiumcore:PreviouslyStatedAmount2023-08-31 NI608931core:SharePremiumcore:PreviouslyStatedAmount2022-08-31 NI608931core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 NI608931core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 NI608931core:PreviouslyStatedAmount2023-08-31 NI608931core:PreviouslyStatedAmount2022-08-31 NI608931business:SmallEntities2022-09-012023-08-31 NI608931countries:NorthernIreland2022-09-012023-08-31 NI608931core:PlantMachinery2022-09-012023-08-31 NI608931core:PlantMachinery2022-08-31 NI608931core:PlantMachinery2023-08-31 NI6089312021-09-012022-08-31 iso4217:GBP xbrli:pure
Company Registration No. NI608931 (Northern Ireland)
Lakeland Bikes Limited Unaudited accounts for the year ended 31 August 2023
Lakeland Bikes Limited Unaudited accounts Contents
Page
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Lakeland Bikes Limited Company Information for the year ended 31 August 2023
Directors
Raymond Pauley Janette Pauley
Company Number
NI608931 (Northern Ireland)
Registered Office
1 Portland Business Park Tempo Road Enniskillen BT74 4RH N Ireland
Accountants
A D Pottie & Co Ltd 1 Church Street Fintona Tyrone BT78 2BR
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Accountants' report to the Board of Directors on the unaudited financial statements of Lakeland Bikes Limited for the year ended 31 August 2023
In accordance with our engagement letter dated 4 December 2023, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.
This report is made solely to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors as a body, for our work or for this report.
We have carried out this engagement in accordance with guidance issued by the Chartered Accountants Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.
You have acknowledged on the balance sheet for the year ended 31 August 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
A D Pottie & Co Ltd Chartered Accountants 1 Church Street Fintona Tyrone BT78 2BR 4 December 2023
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Lakeland Bikes Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investments
5,000 
5,000 
Current assets
Debtors
60,242 
60,242 
Creditors: amounts falling due within one year
(92,385)
(92,385)
Net current liabilities
(32,143)
(32,143)
Net liabilities
(27,143)
(27,143)
Capital and reserves
Called up share capital
4 
4 
Share premium
99,998 
99,998 
Profit and loss account
(127,145)
(127,145)
Shareholders' funds
(27,143)
(27,143)
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2023 and were signed on its behalf by
Raymond Pauley Director Company Registration No. NI608931
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Lakeland Bikes Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Lakeland Bikes Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI608931. The registered office is 1 Portland Business Park, Tempo Road, Enniskillen, BT74 4RH, N Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2022
26,828 
At 31 August 2023
26,828 
Depreciation
At 1 September 2022
26,828 
At 31 August 2023
26,828 
Net book value
At 31 August 2023
- 
5
Investments
Other investments 
£ 
Valuation at 1 September 2022
5,000 
Valuation at 31 August 2023
5,000 
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Lakeland Bikes Limited Notes to the Accounts for the year ended 31 August 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
60,242 
60,242 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
92,385 
92,385 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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