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Company Registration No. 01126638 (England and Wales)
Lake Communications Limited Unaudited accounts for the year ended 31 December 2024
Lake Communications Limited Unaudited accounts Contents
Page
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Lake Communications Limited Company Information for the year ended 31 December 2024
Director
M J Botley
Secretary
A V Svedberg
Company Number
01126638 (England and Wales)
Registered Office
Mount Offham Teston Road Offham Kent ME19 5PG
Accountants
Times Accountancy Services Limited Alcala Rectory Lane Woodmansterne Surrey SM7 3NY
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Lake Communications Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
200,000 
200,000 
Tangible assets
14,845 
17,690 
214,845 
217,690 
Current assets
Inventories
23,160 
20,810 
Debtors
168,498 
179,143 
Cash at bank and in hand
37,360 
15,450 
229,018 
215,403 
Creditors: amounts falling due within one year
(208,880)
(196,247)
Net current assets
20,138 
19,156 
Total assets less current liabilities
234,983 
236,846 
Creditors: amounts falling due after more than one year
(73,922)
(97,922)
Net assets
161,061 
138,924 
Capital and reserves
Called up share capital
714 
714 
Share premium
309,938 
309,938 
Revaluation reserve
200,000 
200,000 
Capital redemption reserve
429 
429 
Profit and loss account
(350,020)
(372,157)
Shareholders' funds
161,061 
138,924 
For the year ending 31 December 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 May 2025 and were signed on its behalf by
M J Botley Director Company Registration No. 01126638
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Lake Communications Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Lake Communications Limited is a private company, limited by shares, registered in England and Wales, registration number 01126638. The registered office is Mount Offham, Teston Road, Offham, Kent, ME19 5PG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
15% reducing balance
Intangible fixed assets
Intangible fixed assets relating to intellectual property are included at the director's valuation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
200,000 
At 31 December 2024
200,000 
Amortisation
At 1 January 2024
- 
At 31 December 2024
- 
Net book value
At 31 December 2024
200,000 
At 31 December 2023
200,000 
Intangible assets comprise the director's valuation relating to intellectual property.
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Lake Communications Limited Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
153,028 
81,961 
740,044 
975,033 
At 31 December 2024
153,028 
81,961 
740,044 
975,033 
Depreciation
At 1 January 2024
153,028 
80,049 
724,266 
957,343 
Charge for the year
- 
478 
2,367 
2,845 
At 31 December 2024
153,028 
80,527 
726,633 
960,188 
Net book value
At 31 December 2024
- 
1,434 
13,411 
14,845 
At 31 December 2023
- 
1,912 
15,778 
17,690 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
160,728 
173,098 
Accrued income and prepayments
7,770 
6,045 
168,498 
179,143 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
24,000 
24,000 
VAT
72,327 
61,835 
Trade creditors
12,462 
14,311 
Taxes and social security
16,512 
21,756 
Other creditors
33,791 
33,846 
Accruals
49,788 
40,499 
208,880 
196,247 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
32,000 
56,000 
Other creditors
41,922 
41,922 
73,922 
97,922 
9
Average number of employees
During the year the average number of employees was 90 (2023: 95).
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