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REGISTERED NUMBER: SC543159 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Lakeside Landscapes Scotland Ltd

Lakeside Landscapes Scotland Ltd (Registered number: SC543159)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lakeside Landscapes Scotland Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: J Finnigan





REGISTERED OFFICE: Unit 3
Morris Park
37 Rosyth Road
Glasgow
G5 0YE





REGISTERED NUMBER: SC543159 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Lakeside Landscapes Scotland Ltd (Registered number: SC543159)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 158,415 182,301

CURRENT ASSETS
Stocks 5 40,004 29,852
Debtors 6 141,614 203,772
Cash in hand 100 100
181,718 233,724
CREDITORS
Amounts falling due within one year 7 218,622 245,250
NET CURRENT LIABILITIES (36,904 ) (11,526 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,511

170,775

CREDITORS
Amounts falling due after more than one
year

8

12,250

19,250
NET ASSETS 109,261 151,525

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 109,161 151,425
SHAREHOLDERS' FUNDS 109,261 151,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Lakeside Landscapes Scotland Ltd (Registered number: SC543159)

Balance Sheet - continued
31 August 2024


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 director and authorised for issue on 20 December 2024 and were signed by:





J Finnigan - Director


Lakeside Landscapes Scotland Ltd (Registered number: SC543159)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Lakeside Landscapes Scotland Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 23 ) .

Lakeside Landscapes Scotland Ltd (Registered number: SC543159)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 142,114 154,683 3,218 300,015
Additions - 14,287 3,710 17,997
Disposals - (8,770 ) - (8,770 )
At 31 August 2024 142,114 160,200 6,928 309,242
DEPRECIATION
At 1 September 2023 39,389 76,547 1,778 117,714
Charge for year 15,409 22,412 1,287 39,108
Eliminated on disposal - (5,995 ) - (5,995 )
At 31 August 2024 54,798 92,964 3,065 150,827
NET BOOK VALUE
At 31 August 2024 87,316 67,236 3,863 158,415
At 31 August 2023 102,725 78,136 1,440 182,301

5. STOCKS
31.8.24 31.8.23
£    £   
Stocks 40,004 29,852

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 78,140 192,573
VAT 63,474 11,199
141,614 203,772

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 44,288 59,480
Hire purchase contracts 20,459 28,376
Trade creditors 112,697 117,633
Pension creditor 2,329 3,300
Wages creditor 9,162 8,552
Tax 5,181 9,219
Social security and other taxes 13,241 6,638
Accrued expenses 11,265 12,052
218,622 245,250

Lakeside Landscapes Scotland Ltd (Registered number: SC543159)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans - 2-5 years 12,250 19,250

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100