Registered number: 05752023 | ||||||||
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 | ||||||||
REGISTERED OFFICE | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
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 | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
Investment Assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
1,043,595 | 1,136,984 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 283,225 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 58,385 | 115,259 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 9 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 10 | |||||||||
Profit and loss account | 319,683 | 192,922 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||||
Plant and Machinery | reducing 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 | ||||
Machinery | Total | |||
£ | £ | |||
Cost | ||||
At 01/04/2023 | 82,309 | 82,309 | ||
Additions | 8,591 | 8,591 | ||
At 31/03/2024 | 90,900 | 90,900 | ||
Depreciation | ||||
At 01/04/2023 | 51,746 | 51,746 | ||
For the year | 9,802 | 9,802 | ||
At 31/03/2024 | 61,548 | 61,548 | ||
Net Book Amounts | ||||
At 31/03/2024 | 29,352 | |||
At 31/03/2023 | 30,563 | |||
3. FINANCIAL ASSETS | |||||||||
Loans | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 01/04/2023 | 2,200 | 2,200 | |||||||
At 31/03/2024 | 2,200 | 2,200 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 31/03/2024 | 2,200 | 2,200 | |||||||
At 31/03/2023 | 2,200 | 2,200 | |||||||
4. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
Lakeside Signs Ltd | ||||||||
5. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 397,053 | 581,983 | ||||||
Salaries and wages control | 372 | 52 | ||||||
Other debtors | 77,896 | 77,943 | ||||||
Directors current account | 300,689 | 287,859 | ||||||
776,010 | 947,837 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 75,776 | 44,613 | ||||||
VAT | 28,304 | 38,542 | ||||||
PAYE control | 18,305 | 18,763 | ||||||
Bank Loan | 56,874 | 56,874 | ||||||
Trade creditors | 484,547 | 674,247 | ||||||
Accruals | 23,680 | 20,720 | ||||||
687,486 | 853,759 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 58,385 | 115,259 | ||||||
58,385 | 115,259 | |||||||
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 | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 16 | |||||
Lakeside Signs Ltd | ||||||||
9. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Pensions | 2,155 | - | ||||||
Deferred taxation | 7,338 | 5,807 | ||||||
9,493 | 5,807 | |||||||
10. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
11. CONTROLLING PARTY | ||||||||
Are the directors and shareholders of the company | ||||||||