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REGISTERED NUMBER: NI682442 (Northern Ireland)















LAKELAND HV LTD

Unaudited Financial Statements for the Year Ended 30 September 2024






LAKELAND HV LTD (REGISTERED NUMBER: NI682442)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


LAKELAND HV LTD

Company Information
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Johannes Guette
Joseph McConville
James Meade
Patrick Toal
Mark Cathcart





REGISTERED OFFICE: 6 Erne Road
Enniskillen
Fermanagh
BT74 6NN





REGISTERED NUMBER: NI682442 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

LAKELAND HV LTD (REGISTERED NUMBER: NI682442)

Statement of Financial Position
30 SEPTEMBER 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Tangible assets 5 864 1,437

CURRENT ASSETS
Receivables: amounts falling due within
one year

6

39,468

23,857
Cash at bank 47,142 65,297
86,610 89,154
PAYABLES
Amounts falling due within one year 7 (87,274 ) (90,391 )
NET CURRENT LIABILITIES (664 ) (1,237 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

200

200

CAPITAL AND RESERVES
Called up share capital 200 200
200 200

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:




Patrick Toal - Director



Joseph McConville - Director


LAKELAND HV LTD (REGISTERED NUMBER: NI682442)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Lakeland HV Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Revenue
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% straight line
Computer equipment - 25% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

4. EMPLOYEES AND DIRECTORS

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

LAKELAND HV LTD (REGISTERED NUMBER: NI682442)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Computer
machinery equipment Totals
£ £ £
COST
At 1 October 2023
and 30 September 2024 791 1,499 2,290
DEPRECIATION
At 1 October 2023 304 549 853
Charge for year 198 375 573
At 30 September 2024 502 924 1,426
NET BOOK VALUE
At 30 September 2024 289 575 864
At 30 September 2023 487 950 1,437

6. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 15,059 22,093
Other debtors 24,409 1,764
39,468 23,857

7. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade payables 11,414 (200 )
Other payables 75,860 90,591
87,274 90,391