IRIS Accounts Production v23.3.1.45 05457899 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054578992022-05-31054578992023-05-31054578992022-06-012023-05-31054578992021-05-31054578992021-06-012022-05-31054578992022-05-3105457899ns10:Originalns15:EnglandWales2022-06-012023-05-3105457899ns14:PoundSterlingns10:Original2022-06-012023-05-3105457899ns10:Originalns10:Director12022-06-012023-05-3105457899ns10:Original2022-06-012023-05-3105457899ns10:Original2023-05-3105457899ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3105457899ns10:Originalns10:SmallEntities2022-06-012023-05-3105457899ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3105457899ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3105457899ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3105457899ns10:Originalns10:AbridgedAccounts2022-06-012023-05-3105457899ns10:Originalns10:OrdinaryShareClass12022-06-012023-05-3105457899ns10:Originalns10:Director22022-06-012023-05-3105457899ns10:Originalns10:Director32022-06-012023-05-3105457899ns10:Originalns10:RegisteredOffice2022-06-012023-05-3105457899ns10:Original2022-05-3105457899ns10:Originalns5:CurrentFinancialInstruments2023-05-3105457899ns10:Originalns5:CurrentFinancialInstruments2022-05-3105457899ns10:Originalns5:Non-currentFinancialInstruments2023-05-3105457899ns10:Originalns5:Non-currentFinancialInstruments2022-05-3105457899ns5:ShareCapitalns10:Original2023-05-3105457899ns5:ShareCapitalns10:Original2022-05-3105457899ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3105457899ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3105457899ns10:Originalns5:PlantMachinery2022-06-012023-05-3105457899ns10:Originalns5:FurnitureFittings2022-06-012023-05-3105457899ns10:Originalns5:MotorVehicles2022-06-012023-05-3105457899ns10:Originalns5:ComputerEquipment2022-06-012023-05-3105457899ns10:Original2021-06-012022-05-3105457899ns10:Original2022-05-3105457899ns10:Originalns10:OrdinaryShareClass12023-05-31
REGISTERED NUMBER: 05457899 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

DUDDON HIRE (LAKELAND) LIMITED

DUDDON HIRE (LAKELAND) LIMITED (REGISTERED NUMBER: 05457899)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DUDDON HIRE (LAKELAND) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr S I Sharp
Mr K I Sharp
Mr K S Sharp



REGISTERED OFFICE: The Tower
Daltongate Business Centre
Daltongate
Ulverston
Cumbria
LA12 7AJ



REGISTERED NUMBER: 05457899 (England and Wales)



BANKERS: National Westminster Bank plc
113 Dalton Road
Barrow-in-Furness
Cumbria
LA14 1WY

DUDDON HIRE (LAKELAND) LIMITED (REGISTERED NUMBER: 05457899)

ABRIDGED BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 728,420 386,159

CURRENT ASSETS
Debtors 456,431 372,708
Cash in hand 1,958 3,751
458,389 376,459
CREDITORS
Amounts falling due within one year 281,180 327,912
NET CURRENT ASSETS 177,209 48,547
TOTAL ASSETS LESS CURRENT
LIABILITIES

905,629

434,706

CREDITORS
Amounts falling due after more than one
year

5

558,481

64,163
NET ASSETS 347,148 370,543

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 347,048 370,443
SHAREHOLDERS' FUNDS 347,148 370,543

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

DUDDON HIRE (LAKELAND) LIMITED (REGISTERED NUMBER: 05457899)

ABRIDGED BALANCE SHEET - continued
31 MAY 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:





Mr S I Sharp - Director


DUDDON HIRE (LAKELAND) LIMITED (REGISTERED NUMBER: 05457899)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Duddon Hire (Lakeland) 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 net invoiced sales of goods and services, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - at varying rates on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 1,493,740
Additions 643,116
Disposals (232,130 )
At 31 May 2023 1,904,726
DEPRECIATION
At 1 June 2022 1,107,581
Charge for year 208,730
Eliminated on disposal (140,005 )
At 31 May 2023 1,176,306
NET BOOK VALUE
At 31 May 2023 728,420
At 31 May 2022 386,159

DUDDON HIRE (LAKELAND) LIMITED (REGISTERED NUMBER: 05457899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 June 2022 856,498
Additions 641,491
Disposals (169,935 )
At 31 May 2023 1,328,054
DEPRECIATION
At 1 June 2022 702,217
Charge for year 147,544
Eliminated on disposal (133,292 )
At 31 May 2023 716,469
NET BOOK VALUE
At 31 May 2023 611,585
At 31 May 2022 154,281

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.5.23 31.5.22
£    £   

Repayable by instalments
Hire purchase 228,467 -

6. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Hire purchase contracts 627,897 103,837

National Westminster Bank PLC hold debenture over the company incorporating a fixed charge, a floating charge and a negative pledge.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary £1 100 100

DUDDON HIRE (LAKELAND) LIMITED (REGISTERED NUMBER: 05457899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

8. RELATED PARTY DISCLOSURES

Lakeland Aggregates Limited a company controlled by Mr S I Sharp sold goods to the company in the period valued at £456 (2022: £96) and purchased goods from the company valued at £4,297 plus VAT (2022: £3,292). The net balance owed by the company at the 31st May 2023 was £2,010 (2022: £3,196).

Mr S I & Mrs J E Sharp trading as Storey Sharp Contractors, a partnership consisting of Mr S I Sharp and his wife , charged the company rent of £7,800 (2022: £7,800) for use of yard space. The balance owed by the
company at the 31st May 2023 was £20,572 (2022: £12,772).

The company loaned £107,321 to Storey Sharp Contractors a partnership consisting of Mr S I Sharp and his wife (2022: £64,389) Interest of 5% has been charged on this loan.

9. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr S I Sharp.