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
Lake Communications Limited
Company Information
for the year ended 31 December 2024
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
Lake Communications Limited
Statement of financial position
as at 31 December 2024
Intangible assets
200,000
200,000
Tangible assets
14,845
17,690
Cash at bank and in hand
37,360
15,450
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
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
Lake Communications Limited
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 relating to intellectual property are included at the director's valuation.
4
Intangible fixed assets
Other
At 31 December 2024
200,000
At 31 December 2024
200,000
At 31 December 2023
200,000
Intangible assets comprise the director's valuation relating to intellectual property.
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
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
At 31 December 2024
-
1,434
13,411
14,845
At 31 December 2023
-
1,912
15,778
17,690
Amounts falling due within one year
Trade debtors
160,728
173,098
Accrued income and prepayments
7,770
6,045
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
24,000
24,000
Trade creditors
12,462
14,311
Taxes and social security
16,512
21,756
Other creditors
33,791
33,846
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
41,922
41,922
9
Average number of employees
During the year the average number of employees was 90 (2023: 95).