IRIS Accounts Production v25.1.4.42 04310466 director 1.10.23 30.9.24 30.9.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043104662023-09-30043104662024-09-30043104662023-10-012024-09-30043104662022-09-30043104662022-10-012023-09-30043104662023-09-3004310466ns15:EnglandWales2023-10-012024-09-3004310466ns14:PoundSterling2023-10-012024-09-3004310466ns10:Director12023-10-012024-09-3004310466ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3004310466ns10:SmallEntities2023-10-012024-09-3004310466ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3004310466ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3004310466ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3004310466ns10:AbridgedAccounts2023-10-012024-09-300431046612023-10-012024-09-3004310466ns10:OrdinaryShareClass12023-10-012024-09-3004310466ns10:CompanySecretary12023-10-012024-09-3004310466ns10:RegisteredOffice2023-10-012024-09-3004310466ns5:CurrentFinancialInstruments2024-09-3004310466ns5:CurrentFinancialInstruments2023-09-3004310466ns5:Non-currentFinancialInstruments2024-09-3004310466ns5:Non-currentFinancialInstruments2023-09-3004310466ns5:ShareCapital2024-09-3004310466ns5:ShareCapital2023-09-3004310466ns5:RetainedEarningsAccumulatedLosses2024-09-3004310466ns5:RetainedEarningsAccumulatedLosses2023-09-3004310466ns5:NetGoodwill2023-10-012024-09-3004310466ns5:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3004310466ns5:PlantMachinery2023-10-012024-09-3004310466ns5:FurnitureFittings2023-10-012024-09-3004310466ns5:MotorVehicles2023-10-012024-09-3004310466ns5:ComputerEquipment2023-10-012024-09-3004310466ns5:LeasedAssetsHeldAsLessee2023-10-012024-09-3004310466ns5:Secured2024-09-3004310466ns5:Secured2023-09-3004310466ns10:OrdinaryShareClass12024-09-30043104661ns10:Director12023-09-30043104661ns10:Director12022-09-30043104661ns10:Director12023-10-012024-09-30043104661ns10:Director12022-10-012023-09-30043104661ns10:Director12024-09-30043104661ns10:Director12023-09-30
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
Page 1
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.

The notes form part of these financial statements

Page 2 continued...
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


The notes form part of these financial statements

Page 3
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 ) .

Page 4 continued...
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.

Page 5 continued...
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.

Page 6