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REGISTERED NUMBER: NI684917 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

LAKEVIEW CONTRACTS LTD

LAKEVIEW CONTRACTS LTD (REGISTERED NUMBER: NI684917)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

LAKEVIEW CONTRACTS LTD

COMPANY INFORMATION
for the Year Ended 31 JANUARY 2024







DIRECTOR: J Tubman



REGISTERED OFFICE: 28 Magheralough Road
Trillick
Co. Tyrone
BT78 3SZ



REGISTERED NUMBER: NI684917 (Northern Ireland)



ACCOUNTANTS: Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT



BANKERS: Tide
4th Floor
Prologue Works
25 Marsh street
Bristol
BS1 4AX

LAKEVIEW CONTRACTS LTD (REGISTERED NUMBER: NI684917)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 123,662 111,975

CURRENT ASSETS
Debtors 5 29,580 62,823
Cash at bank 37,548 98,115
67,128 160,938
CREDITORS
Amounts falling due within one year 6 328,325 362,944
NET CURRENT LIABILITIES (261,197 ) (202,006 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(137,535

)

(90,031

)

PROVISIONS FOR LIABILITIES 7 40,247 27,994
NET LIABILITIES (177,782 ) (118,025 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (177,882 ) (118,125 )
(177,782 ) (118,025 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 January 2025 and were signed by:



J Tubman - Director


LAKEVIEW CONTRACTS LTD (REGISTERED NUMBER: NI684917)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2024


1. STATUTORY INFORMATION

Lakeview Contracts Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

LAKEVIEW CONTRACTS LTD (REGISTERED NUMBER: NI684917)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 February 2023 149,300
Additions 52,908
At 31 January 2024 202,208
DEPRECIATION
At 1 February 2023 37,325
Charge for year 41,221
At 31 January 2024 78,546
NET BOOK VALUE
At 31 January 2024 123,662
At 31 January 2023 111,975

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 29,580 41,654
VAT - 21,169
29,580 62,823

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Tax 15,932 23,756
VAT 4,392 -
Directors' current accounts 304,002 337,189
Accruals and deferred income 3,999 1,999
328,325 362,944

7. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 40,247 27,994

Deferred
tax
£   
Balance at 1 February 2023 27,994
Provided during year 12,253
Balance at 31 January 2024 40,247

LAKEVIEW CONTRACTS LTD (REGISTERED NUMBER: NI684917)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2024


8. GOING CONCERN

Given that he company made a loss after tax of £59,757 for the period ended 31st January 2024 and has net liabilities of £177,782, there is doubt relating to the companies ability to continue as a going concern. The company is financed mainly by way of a director's loan. The director has given assurances that he will continue to support the company and will continue to provide the loan.It is on this basis we agree with the directors decision that the company can continue to operate as a going concern.

LAKEVIEW CONTRACTS LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
LAKEVIEW CONTRACTS LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT


20 January 2025