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REGISTERED NUMBER: 04830039 (England and Wales)















Unaudited Financial Statements

for the Period 1 August 2023 to 30 April 2024

for

Lakes Design And Print Limited

Lakes Design And Print Limited (Registered number: 04830039)






Contents of the Financial Statements
for the Period 1 August 2023 to 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lakes Design And Print Limited

Company Information
for the Period 1 August 2023 to 30 April 2024







DIRECTORS: A Fawcett
C J Hill
S M Holden





REGISTERED OFFICE: Aynam Mills
Little Aynam
Kendal
Cumbria
LA9 7AH





REGISTERED NUMBER: 04830039 (England and Wales)





ACCOUNTANTS: Stables, Thompson & Briscoe Ltd
Chartered Accountants & Business Advisors
Lowther House
Lowther Street
Kendal
LA9 4DX

Lakes Design And Print Limited (Registered number: 04830039)

Balance Sheet
30 April 2024

30.4.24 31.7.23
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,710 8,444

CURRENT ASSETS
Stocks 4,585 6,325
Debtors 5 106,171 42,464
Cash at bank and in hand 32,044 48,530
142,800 97,319
CREDITORS
Amounts falling due within one year 6 61,875 46,405
NET CURRENT ASSETS 80,925 50,914
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,635

59,358

CREDITORS
Amounts falling due after more than one
year

7

(12,468

)

(19,983

)

PROVISIONS FOR LIABILITIES (3,175 ) (1,604 )
NET ASSETS 81,992 37,771

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 81,892 37,671
81,992 37,771

Lakes Design And Print Limited (Registered number: 04830039)

Balance Sheet - continued
30 April 2024


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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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.

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 10 February 2025 and were signed on its behalf by:




S M Holden - Director



A Fawcett - Director


Lakes Design And Print Limited (Registered number: 04830039)

Notes to the Financial Statements
for the Period 1 August 2023 to 30 April 2024

1. STATUTORY INFORMATION

Lakes Design And Print Limited 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.

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 each asset over its estimated useful life.
Plant and machinery - 5% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Lakes Design And Print Limited (Registered number: 04830039)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 August 2023 155,975 2,040 158,015
Additions - 18,215 18,215
At 30 April 2024 155,975 20,255 176,230
DEPRECIATION
At 1 August 2023 147,531 2,040 149,571
Charge for period 5,400 4,549 9,949
At 30 April 2024 152,931 6,589 159,520
NET BOOK VALUE
At 30 April 2024 3,044 13,666 16,710
At 31 July 2023 8,444 - 8,444

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 31.7.23
as restated
£    £   
Trade debtors 101,640 42,236
Other debtors 4,531 228
106,171 42,464

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 31.7.23
as restated
£    £   
Bank loans and overdrafts 10,800 10,800
Trade creditors 13,610 17,947
Taxation and social security 32,244 15,868
Other creditors 5,221 1,790
61,875 46,405

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 31.7.23
as restated
£    £   
Bank loans 12,468 19,983