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REGISTERED NUMBER: 09269720 (England and Wales)
















LAKESIDE FS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JANUARY 2025






LAKESIDE FS LTD (REGISTERED NUMBER: 09269720)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAKESIDE FS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JANUARY 2025







DIRECTORS: M Hibbert
N Hibbert
K Hartley





REGISTERED OFFICE: Lakeside House
15 Mariner Court
Wakefield
West Yorkshire
WF4 3FL





REGISTERED NUMBER: 09269720 (England and Wales)





ACCOUNTANTS: Lakeview Southern Limited
Chartered Accountants
2 Lakeview Stables
Lower St. Clere
Kemsing
Sevenoaks
Kent
TN15 6NL

LAKESIDE FS LTD (REGISTERED NUMBER: 09269720)

BALANCE SHEET
30 JANUARY 2025

30.1.25 30.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 84,903 99,332

CURRENT ASSETS
Debtors 5 275,941 273,124
Cash at bank 129,973 47,409
405,914 320,533
CREDITORS
Amounts falling due within one year 6 103,006 92,051
NET CURRENT ASSETS 302,908 228,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

387,811

327,814

PROVISIONS FOR LIABILITIES 10,429 12,246
NET ASSETS 377,382 315,568

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 377,280 315,466
SHAREHOLDERS' FUNDS 377,382 315,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 2025 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.

LAKESIDE FS LTD (REGISTERED NUMBER: 09269720)

BALANCE SHEET - continued
30 JANUARY 2025


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 1 June 2025 and were signed on its behalf by:





N Hibbert - Director


LAKESIDE FS LTD (REGISTERED NUMBER: 09269720)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2025


1. STATUTORY INFORMATION

Lakeside FS Ltd is a private company, limited by shares , registered in England and Wales. 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 etc - 20% on reducing balance

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classified as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains and losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.


LAKESIDE FS LTD (REGISTERED NUMBER: 09269720)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JANUARY 2025


2. ACCOUNTING POLICIES - continued
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.

Trade and other debtors
Trade and other debtors that are receivable within one year and do not constitute a financing transaction are
recorded at the undiscounted amount expected to be received, net of impairment.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Employee benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Short-term employee benefits are recognised as an expense in the period in which they are incurred.
The obligations for contributions to defined contribution scheme are recognised as an expense in the period they are incurred. The assets of the scheme are held separately from those of the Company in an independently administered fund.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments.

Trade and other creditors
Trade and other creditors are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 19 ) .

LAKESIDE FS LTD (REGISTERED NUMBER: 09269720)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JANUARY 2025


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 January 2024 178,151
Additions 6,797
At 30 January 2025 184,948
DEPRECIATION
At 31 January 2024 78,819
Charge for year 21,226
At 30 January 2025 100,045
NET BOOK VALUE
At 30 January 2025 84,903
At 30 January 2024 99,332

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.1.25 30.1.24
£    £   
Amounts owed by group undertakings 235,189 239,162
Other debtors 40,752 33,962
275,941 273,124

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.1.25 30.1.24
£    £   
Hire purchase contracts - 46,715
Amounts owed to group undertakings 9,104 -
Taxation and social security 41,756 36,812
Other creditors 52,146 8,524
103,006 92,051

LAKESIDE FS LTD (REGISTERED NUMBER: 09269720)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JANUARY 2025


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 January 2025 and 30 January 2024:

30.1.25 30.1.24
£    £   
K Hartley
Balance outstanding at start of year - -
Amounts advanced 10,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,000 -

8. RELATED PARTY DISCLOSURES

At 30th January 2025 the company owed £1,104 (2024: £Nil) to LM10 Ltd and £8,000 (2024: £Nil) to Lakeside Wills Ltd.

At 30th January 2025 £Nil (2024: £3,973) was owed by Lakeside Corporate Services Ltd, £181,000 (2024: £181,000) by LM10 Property Ltd and £54,189 (2024: £54,189) by Lakeside Independent Ltd.

At 30th January 2025 the company was owed £30,002 (2024: £30,002) from a company in which the directors are involved.

Sales of £1,145,914 (2024: £1,047,420) have been received in the year from a company in which the directors are involved.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N Hibbert and M Hibbert.