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Registered number: 12326797
Lake District Drinks Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 November 2023
Business Financial Management Services Limited
3 Lowther Gardens
Grange Over Sands
Cumbria
LA11 7EX
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 12326797
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,328 13,862
10,328 13,862
CURRENT ASSETS
Stocks 23,367 21,538
Debtors 5 35,913 13,459
Cash at bank and in hand 4,221 2,851
63,501 37,848
Creditors: Amounts Falling Due Within One Year (36,505 ) (25,641 )
NET CURRENT ASSETS (LIABILITIES) 26,996 12,207
TOTAL ASSETS LESS CURRENT LIABILITIES 37,324 26,069
Creditors: Amounts Falling Due After More Than One Year (35,003 ) (39,593 )
NET ASSETS/(LIABILITIES) 2,321 (13,524 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 2,221 (13,624 )
SHAREHOLDERS' FUNDS 2,321 (13,524)
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 November 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Judith Cropley
Director
08/03/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Lake District Drinks Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12326797 . The registered office is Unit 4b, Crakeside Business Park, Ulverston, Cumbria, LA12 7RT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Tangible Assets
Total
£
Cost
As at 1 December 2022 18,483
As at 30 November 2023 18,483
Depreciation
As at 1 December 2022 4,621
Provided during the period 3,534
As at 30 November 2023 8,155
Net Book Value
As at 30 November 2023 10,328
As at 1 December 2022 13,862
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due after more than one year
Rent Bond 8,100 8,100
8,100 8,100
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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