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REGISTERED NUMBER: 07307796 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

LAKELAND SOLUTIONS LTD

LAKELAND SOLUTIONS LTD (REGISTERED NUMBER: 07307796)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LAKELAND SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: C G Lakeland
Mrs J Lakeland





REGISTERED OFFICE: Church Cottage
Kerdiston Road
Themelthorpe
Dereham
Norfolk
NR20 5PS





REGISTERED NUMBER: 07307796 (England and Wales)





ACCOUNTANTS: Camfield Chapman Lowe
9a High Street
Woburn Sands
Milton Keynes
Buckinghamshire
MK17 8RF

LAKELAND SOLUTIONS LTD (REGISTERED NUMBER: 07307796)

STATEMENT OF FINANCIAL POSITION
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,033 541
Investment property 5 450,000 420,000
452,033 420,541

CURRENT ASSETS
Debtors 6 598 464
Cash at bank 43,392 49,502
43,990 49,966
CREDITORS
Amounts falling due within one year 7 1,425 1,176
NET CURRENT ASSETS 42,565 48,790
TOTAL ASSETS LESS CURRENT
LIABILITIES

494,598

469,331

PROVISIONS FOR LIABILITIES 5,741 103
NET ASSETS 488,857 469,228

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 488,757 469,128
488,857 469,228

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 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.

LAKELAND SOLUTIONS LTD (REGISTERED NUMBER: 07307796)

STATEMENT OF FINANCIAL POSITION - continued
30TH JUNE 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th January 2025 and were signed on its behalf by:




C G Lakeland - Director



Mrs J Lakeland - Director


LAKELAND SOLUTIONS LTD (REGISTERED NUMBER: 07307796)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

Lakeland Solutions Ltd 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.

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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

LAKELAND SOLUTIONS LTD (REGISTERED NUMBER: 07307796)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st July 2023 205 3,953 4,158
Additions - 2,402 2,402
Disposals (205 ) (3,953 ) (4,158 )
At 30th June 2024 - 2,402 2,402
DEPRECIATION
At 1st July 2023 141 3,476 3,617
Charge for year 51 846 897
Eliminated on disposal (192 ) (3,953 ) (4,145 )
At 30th June 2024 - 369 369
NET BOOK VALUE
At 30th June 2024 - 2,033 2,033
At 30th June 2023 64 477 541

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2023 420,000
Revaluations 30,000
At 30th June 2024 450,000
NET BOOK VALUE
At 30th June 2024 450,000
At 30th June 2023 420,000

Fair value at 30th June 2024 is represented by:
£   
Valuation in 2019 (31,817 )
Valuation in 2021 31,817
Valuation in 2022 (1,817 )
Valuation in 2024 30,000
Cost 421,817
450,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 198 -
Other debtors 400 464
598 464

LAKELAND SOLUTIONS LTD (REGISTERED NUMBER: 07307796)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,425 1,176