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REGISTERED NUMBER: 04310466 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

LAKELAND AGGREGATES LIMITED

LAKELAND AGGREGATES LIMITED (REGISTERED NUMBER: 04310466) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| LAKELAND AGGREGATES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2024

| DIRECTOR: | Mr S I Sharp

| SECRETARY: | Mr S I Sharp

| REGISTERED OFFICE: | The Tower

| Daltongate Business Centre

| Daltongate

| Ulverston

| Cumbria

| LA12 7AJ

| REGISTERED NUMBER: | 04310466 (England and Wales)

| BANKERS: | National Westminster Bank plc

| 113 Dalton Road

| Barrow-in-Furness

| Cumbria

| LA14 1WY

LAKELAND AGGREGATES LIMITED (REGISTERED NUMBER: 04310466) |

ABRIDGED BALANCE SHEET

30 SEPTEMBER 2024

| 30.9.24 | 30.9.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 23,862 |  | 24,028 |  |

23,862 |  | 24,028 |  |

CURRENT ASSETS

Stocks | 228,102 |  | 223,600 |  |

Debtors | 257,004 |  | 330,001 |  |

Cash in hand | 18,541 |  | 10,044 |  |

503,647 |  | 563,645 |  |

CREDITORS

Amounts falling due within one year | 204,587 |  | 224,953 |  |

NET CURRENT ASSETS | 299,060 |  | 338,692 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 322,922 |  | 362,720 |  |

CREDITORS

Amounts falling due after more than one year | 20,458 |  | 64,415 |  |

NET ASSETS | 302,464 |  | 298,305 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 200 |  | 200 |  |

Retained earnings | 302,264 |  | 298,105 |  |

SHAREHOLDERS' FUNDS | 302,464 |  | 298,305 |  |

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 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.

LAKELAND AGGREGATES LIMITED (REGISTERED NUMBER: 04310466) |

ABRIDGED BALANCE SHEET - continued

30 SEPTEMBER 2024

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 June 2025 and were signed by:

Mr S I Sharp - Director

LAKELAND AGGREGATES LIMITED (REGISTERED NUMBER: 04310466) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. | STATUTORY INFORMATION

| Lakeland Aggregates Limited 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of five years.

| Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of three years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| 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 | - | 25% on cost

| Fixtures and fittings | - | 25% on cost

| Motor vehicles | - | 20% on cost

| Computer equipment | - | 33% on cost

| Stocks

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

| Pension costs and other post-retirement benefits

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

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 5 (2023 - 5 ) .

LAKELAND AGGREGATES LIMITED (REGISTERED NUMBER: 04310466) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. | INTANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 October 2023

| and 30 September 2024 | 15,700 |  |

| AMORTISATION

| At 1 October 2023

| and 30 September 2024 | 15,700 |  |

| NET BOOK VALUE

| At 30 September 2024 | - |  |

| At 30 September 2023 | - |  |

5. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1 October 2023 | 212,997 |  |

| Additions | 9,020 |  |

| At 30 September 2024 | 222,017 |  |

| DEPRECIATION

| At 1 October 2023 | 188,969 |  |

| Charge for year | 9,186 |  |

| At 30 September 2024 | 198,155 |  |

| NET BOOK VALUE

| At 30 September 2024 | 23,862 |  |

| At 30 September 2023 | 24,028 |  |

| The net book value of tangible fixed assets includes £13,613 (2023: £19,253) in respect of assets held under hire purchase agreements. The amount of depreciation in respect of such assets amounted to £5,640 (2023: £5,640) for the financial year.

6. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.9.24 |  | 30.9.23

£ | £ |

| Bank overdrafts | 18,883 |  | 41,205 |  |

| Bank loans | 51,471 |  | 89,852 |  |

70,354 |  | 131,057 |  |

| National Westminster Bank plc hold a debenture over the company securing all funds advanced.

LAKELAND AGGREGATES LIMITED (REGISTERED NUMBER: 04310466) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.9.24 |  | 30.9.23

| value: | £ | £ |

| 200 | Ordinary | £1 | 200 |  | 200 |  |

8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

| 30.9.24 |  | 30.9.23

£ | £ |

| Mr S I Sharp

| Balance outstanding at start of year | 83,135 |  | 11,943 |  |

| Amounts advanced | 93,298 |  | 83,135 |  |

| Amounts repaid | (83,135 | ) | (11,943 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 93,298 |  | 83,135 |  |

| During the financial year the director was charged £1,963 (2023: £1,058) interest on the loan which is unsecured and repayable on demand.

9. | ULTIMATE CONTROLLING PARTY

| The controlling party is Mr S I Sharp.