LAKES CLEANING LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K L Burchill

C Strydom

M R Strydom

REGISTERED OFFICE:

Rothay Road Industrial Estate

Ambleside

Cumbria

LA22 0HQ

REGISTERED NUMBER:

13314090 (England and Wales)

ACCOUNTANTS:

Halsey & Co (Accountants) Ltd.

Chartered Certified Accountants

Registered Auditors

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

FIXED ASSETS

Tangible assets

5

35,334

43,560

CURRENT ASSETS

Debtors

6

183,573

39,959

Cash at bank

86,166

9,705

269,739

49,664

CREDITORS

Amounts falling due within one year

7

248,594

68,986

NET CURRENT ASSETS/(LIABILITIES)

21,145

(19,322

)

TOTAL ASSETS LESS CURRENT LIABILITIES

56,479

24,238

CREDITORS

Amounts falling due after more than one year

8

(15,531

)

(24,850

)

PROVISIONS FOR LIABILITIES

(10,421

)

(2,550

)

NET ASSETS/(LIABILITIES)

30,527

(3,162

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

30,526

(3,163

)

SHAREHOLDERS' FUNDS

30,527

(3,162

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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.

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 14th February 2025 and were signed on its behalf by:

K L Burchill - Director

1.	STATUTORY INFORMATION

Lakes Cleaning 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Improvements to property

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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.

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 6 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st January 2024

11,724

-

248

Additions

-

2,120

936

Disposals

-

-

-

At 31st December 2024

11,724

2,120

1,184

DEPRECIATION

At 1st January 2024

1,954

-

41

Charge for year

2,442

530

286

Eliminated on disposal

-

-

-

At 31st December 2024

4,396

530

327

NET BOOK VALUE

At 31st December 2024

7,328

1,590

857

At 31st December 2023

9,770

-

207

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st January 2024

38,965

1,334

52,271

Additions

-

1,608

4,664

Disposals

-

(1,334

)

(1,334

)

At 31st December 2024

38,965

1,608

55,601

DEPRECIATION

At 1st January 2024

6,494

222

8,711

Charge for year

8,118

597

11,973

Eliminated on disposal

-

(417

)

(417

)

At 31st December 2024

14,612

402

20,267

NET BOOK VALUE

At 31st December 2024

24,353

1,206

35,334

At 31st December 2023

32,471

1,112

43,560

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

55,784

26,038

Amounts owed by associates

6,439

7,170

Other debtors

51,900

2,989

Directors' current accounts

45,912

2,262

Tax

14,732

-

VAT

8,806

-

Prepayments

-

1,500

183,573

39,959

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

9,319

9,319

Trade creditors

184,090

719

Tax

16,835

-

Social security and other taxes

3,072

11,500

VAT

-

11,862

Pensions payable

423

904

Directors' current accounts

34,605

34,524

Accrued expenses

250

158

248,594

68,986

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

15,531

24,850

9.	RELATED PARTY DISCLOSURES

At the balance sheet date,the company owed £34,605 (2023: £34,524) to K Burchill, a director of the company. The amount is interest free and repayable on demand.

The company was owed £45,912 (2023: £2,262) by Mr and Mrs Strydom, both directors and shareholders of the company..