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
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
LAKESIDE STORE LIMITED
Statement of financial position
as at 31 October 2023
Cash at bank and in hand
146,919
52,869
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)
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
LAKESIDE STORE LIMITED
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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.
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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 1 November 2022
18,482
3,697
22,179
On disposals
(18,482)
(3,697)
(22,179)
At 31 October 2022
4,792
2,463
7,255
LAKESIDE STORE LIMITED
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
565
580
Proposed dividends
8,171
8,171
Other creditors
118,621
1,363
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
21,485
56,365
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.
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).