Acorah Software Products - Accounts Production 16.1.300 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 02464423 Mr Steven Saunders Mr Lee Saunders Mr David Saunders Mrs Denise Saunders iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02464423 2023-02-28 02464423 2024-02-28 02464423 2023-03-01 2024-02-28 02464423 frs-core:CurrentFinancialInstruments 2024-02-28 02464423 frs-core:Non-currentFinancialInstruments 2024-02-28 02464423 frs-core:FurnitureFittings 2024-02-28 02464423 frs-core:FurnitureFittings 2023-03-01 2024-02-28 02464423 frs-core:FurnitureFittings 2023-02-28 02464423 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-28 02464423 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-28 02464423 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 02464423 frs-core:MotorVehicles 2024-02-28 02464423 frs-core:MotorVehicles 2023-03-01 2024-02-28 02464423 frs-core:MotorVehicles 2023-02-28 02464423 frs-core:CapitalRedemptionReserve 2024-02-28 02464423 frs-core:ShareCapital 2024-02-28 02464423 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 02464423 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 02464423 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 02464423 frs-bus:SmallEntities 2023-03-01 2024-02-28 02464423 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 02464423 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 02464423 frs-bus:Director1 2023-03-01 2024-02-28 02464423 frs-bus:Director1 2023-02-28 02464423 frs-bus:Director1 2024-02-28 02464423 frs-bus:Director2 2023-03-01 2024-02-28 02464423 frs-bus:Director2 2023-02-28 02464423 frs-bus:Director2 2024-02-28 02464423 frs-bus:Director3 2023-03-01 2024-02-28 02464423 frs-bus:CompanySecretary1 2023-03-01 2024-02-28 02464423 frs-countries:EnglandWales 2023-03-01 2024-02-28 02464423 2022-02-28 02464423 2023-02-28 02464423 2022-03-01 2023-02-28 02464423 frs-core:CurrentFinancialInstruments 2023-02-28 02464423 frs-core:Non-currentFinancialInstruments 2023-02-28 02464423 frs-core:CapitalRedemptionReserve 2023-02-28 02464423 frs-core:ShareCapital 2023-02-28 02464423 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 02464423
Lakeland Trucks Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02464423
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,173 8,232
6,173 8,232
CURRENT ASSETS
Stocks 5 4,500 4,500
Debtors 6 376,886 356,110
Cash at bank and in hand 5,363 500
386,749 361,110
Creditors: Amounts Falling Due Within One Year 7 (383,045 ) (319,337 )
NET CURRENT ASSETS (LIABILITIES) 3,704 41,773
TOTAL ASSETS LESS CURRENT LIABILITIES 9,877 50,005
Creditors: Amounts Falling Due After More Than One Year 8 (22,713 ) (43,659 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,173 ) (1,564 )
NET (LIABILITIES)/ASSETS (14,009 ) 4,782
CAPITAL AND RESERVES
Called up share capital 9 90 90
Capital redemption reserve 10 10
Profit and Loss Account (14,109 ) 4,682
SHAREHOLDERS' FUNDS (14,009) 4,782
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Page 2
For the year ending 28 February 2024 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 directors acknowledge their 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.
On behalf of the board
Mr Lee Saunders
Director
31/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lakeland Trucks Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02464423 . The registered office is 11 Willow Drive, Kendal, LA9 6AY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historic cost convention and in accordance with the FRS 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
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.

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:
Leasehold 20% Straight line
Motor Vehicles 25% Straight Line
Fixtures & Fittings 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.
2.5. Taxation
Taxation represents the sum of the tax currently payable and deferred tax.

The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 12)
12 12
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 March 2023 8,000 45,706 24,050 77,756
As at 28 February 2024 8,000 45,706 24,050 77,756
Depreciation
As at 1 March 2023 8,000 45,705 15,819 69,524
Provided during the period - 1 2,058 2,059
As at 28 February 2024 8,000 45,706 17,877 71,583
Net Book Value
As at 28 February 2024 - - 6,173 6,173
As at 1 March 2023 - 1 8,231 8,232
5. Stocks
2024 2023
£ £
Materials 4,500 4,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 243,808 326,829
Other debtors 98,280 29,281
342,088 356,110
Due after more than one year
Other debtors 34,798 -
376,886 356,110
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 158,458 145,171
Bank loans and overdrafts 19,375 24,035
Other creditors 13,728 8,948
Taxation and social security 191,484 141,183
383,045 319,337
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 22,713 43,659
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 90 90
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 28 February 2024
£ £ £ £ £
Mr Steven Saunders - 29,805 - - 29,805
Mr Lee Saunders - 73,300 - - 73,300
The above loan is unsecured, interest free and repayable on demand.
Page 5