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Company Registration No. 07399926 (England and Wales)
LAKESIDE STORE LIMITED Unaudited accounts for the year ended 31 October 2023
LAKESIDE STORE LIMITED Unaudited accounts Contents
Page
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LAKESIDE STORE LIMITED Company Information for the year ended 31 October 2023
Director
James Wayne Baker
Company Number
07399926 (England and Wales)
Registered Office
5-7 FARM ROAD REDDITCH WORCESTERSHIRE B98 8LB
Accountants
AC Counts & Services Ltd Office 42 Imex Business Centre, Oxleasow Road Redditch Worcestershire B98 0RE
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LAKESIDE STORE LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
7,255 
Current assets
Inventories
- 
27,991 
Debtors
2,550 
6,633 
Cash at bank and in hand
146,919 
52,869 
149,469 
87,493 
Creditors: amounts falling due within one year
(127,357)
(19,970)
Net current assets
22,112 
67,523 
Total assets less current liabilities
22,112 
74,778 
Creditors: amounts falling due after more than one year
(21,485)
(56,365)
Net assets
627 
18,413 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
527 
18,313 
Shareholders' funds
627 
18,413 
For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 31 July 2024 and were signed on its behalf by
James Wayne Baker Director Company Registration No. 07399926
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LAKESIDE STORE LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
LAKESIDE STORE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07399926. The registered office is 5-7 FARM ROAD, REDDITCH, WORCESTERSHIRE, B98 8LB.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18%
Stocks
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 items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
23,274 
6,160 
29,434 
Disposals
(23,274)
(6,160)
(29,434)
At 31 October 2023
- 
- 
- 
Depreciation
At 1 November 2022
18,482 
3,697 
22,179 
On disposals
(18,482)
(3,697)
(22,179)
At 31 October 2023
- 
- 
- 
Net book value
At 31 October 2023
- 
- 
- 
At 31 October 2022
4,792 
2,463 
7,255 
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LAKESIDE STORE LIMITED Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
550 
- 
Other debtors
2,000 
6,633 
2,550 
6,633 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
5,668 
Trade creditors
- 
4,188 
Taxes and social security
565 
580 
Proposed dividends
8,171 
8,171 
Other creditors
118,621 
1,363 
127,357 
19,970 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
21,485 
56,365 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
At the year end, there was a balance of £21365 owing to shareholder, Susan Vaughan . This amount relates to the company start up loan.
10
Controlling party
Mr J Baker is the ultimate controlling party by virtue of his 99% shareholding
11
Average number of employees
During the year the average number of employees was 5 (2022: 9).
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