Lakeview Heating Services Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11330585

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		18,743		23,185

			18,743		23,185
CURRENT ASSETS
Debtors	5	2,781		9,536
Cash at bank and in hand		34,511		32,498

		37,292		42,034
Creditors: Amounts Falling Due Within One Year	6	(29,419 )		(37,057 )

NET CURRENT ASSETS (LIABILITIES)			7,873		4,977

TOTAL ASSETS LESS CURRENT LIABILITIES			26,616		28,162

Creditors: Amounts Falling Due After More Than One Year	7		(10,444 )		(18,598 )

NET ASSETS			16,172		9,564

CAPITAL AND RESERVES
Called up share capital	9		104		102
Profit and Loss Account			16,068		9,462

SHAREHOLDERS' FUNDS			16,172		9,564

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Lakeview Heating Services Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Philip Studden

Director

4 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Lakeview Heating Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11330585 . The registered office is 3 Stoke Damerel Business Centre, 5 Church Street, Plymouth, Devon, PL3 4DT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Lakeview Heating Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2024	8,937	38,747	47,684
Additions	1,559	-	1,559

As at 31 March 2025	10,496	38,747	49,243

Depreciation
As at 1 April 2024	5,131	19,368	24,499
Provided during the period	1,156	4,845	6,001

As at 31 March 2025	6,287	24,213	30,500

Net Book Value
As at 31 March 2025	4,209	14,534	18,743

As at 1 April 2024	3,806	19,379	23,185

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,781	9,328
Other taxes and social security	-	208

	2,781	9,536

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Lakeview Heating Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	4,754	4,573
Bank loans and overdrafts	3,400	3,400
Corporation tax	5,315	4,017
VAT	1,768	2,433
Net wages	-	801
Accruals and deferred income	923	860
Directors' loan accounts	13,259	20,973

	29,419	37,057

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	7,044	11,798
Bank loans	3,400	6,800

	10,444	18,598

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	4,754	4,573
Later than one year and not later than five years	7,044	11,798

	11,798	16,371

	11,798	16,371

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	104	102

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