05752023falsesignage construction2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-04-012024-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FRS1022023-04-012024-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-04-012024-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 05752023

Lakeside Signs Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
Staffer Mayled & Co Ltd
46-48
Station Road
Cardiff
CF14 5LU

Lakeside Signs Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
Jackson Patrick Harris
REGISTERED OFFICE
46-48 Station Road
Llanishen
Cardiff
CF14 5LU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05752023
ACCOUNTANTS
Staffer Mayled & Co Ltd
46-48
Station Road
Cardiff
CF14 5LU

Lakeside Signs Ltd

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Lakeside Signs Ltd

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets229,35230,563
Investment Assets32,200300
31,55230,863
CURRENT ASSETS
Stock2,100-
Debtors5776,010947,837
Cash at bank and in hand265,485189,147
1,043,5951,136,984
CREDITORS: Amounts falling due within one year6687,486853,759
NET CURRENT ASSETS356,109283,225
TOTAL ASSETS LESS CURRENT LIABILITIES387,661314,088
CREDITORS: Amounts falling due after more than one year758,385115,259
PROVISIONS FOR LIABILITIES AND CHARGES99,4935,807
NET ASSETS319,783193,022
CAPITAL AND RESERVES
Called up share capital10100100
Profit and loss account319,683192,922
SHAREHOLDERS' FUNDS319,783193,022
For the year ending 31/03/2024 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 18/02/2025 and signed on their behalf by
.............................
Jackson Patrick Harris
Director

Lakeside Signs Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Investments

Lakeside Signs Ltd

2. TANGIBLE FIXED ASSETS
Plant and
MachineryTotal
££
Cost
At 01/04/202382,30982,309
Additions8,5918,591
At 31/03/202490,90090,900
Depreciation
At 01/04/202351,74651,746
For the year9,8029,802
At 31/03/202461,54861,548
Net Book Amounts
At 31/03/202429,35229,352
At 31/03/202330,56330,563
3. FINANCIAL ASSETS
LoansTotal
££
Cost
At 01/04/20232,2002,200
At 31/03/20242,2002,200
Amortisation
Net Book Amounts
At 31/03/20242,2002,200
At 31/03/20232,2002,200
4. STOCK 20242023
££
Stock comprises:
Stock2,100-
2,100-

Lakeside Signs Ltd

5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors397,053581,983
Salaries and wages control37252
Other debtors77,89677,943
Directors current account300,689287,859
776,010947,837
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax75,77644,613
VAT28,30438,542
PAYE control18,30518,763
Bank Loan56,87456,874
Trade creditors484,547674,247
Accruals23,68020,720
687,486853,759
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr58,385115,259
58,385115,259
On the 13 May 2020 the company secured a Coronavirus business interruption loan of £177,000. There are no capital repayments for the first 12 months followed 60 monthly repayments of £2,950. Interest is charged at 3.99% per annum over the Bank of England Base Rate.On the 19 May 2020 the company secured a Coronavirus business interruption loan of £100,000. There are no capital repayments for the first 12 months followed 60 monthly repayments of £1,791.28 inclusive of interest charged at a fixed rate of 2% per annum.
8. EMPLOYEES
20242023
No.No.
Average number of employees1616

Lakeside Signs Ltd

9. PROVISIONS FOR LIABILITIES 20242023
££
Pensions2,155-
Deferred taxation7,3385,807
9,4935,807
10. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
11. CONTROLLING PARTY
Are the directors and shareholders of the company