07199376falsethe supply of granite work surfaces2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:Director12024-04-012025-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2025-03-31http://www.companieshouse.gov.uk/cd:Director22024-04-012025-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-04-012025-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FRS1022024-04-012025-03-31http://www.companieshouse.gov.uk/2025-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-04-012025-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-04-012025-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 07199376
Lakeland Granite Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
Prepared By:
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN
Lakeland Granite Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
DIRECTORS
J Menery
Mrs S Menery (appointed 06/04/2024)
REGISTERED OFFICE
6 Brunswick Street
Carlisle
CA1 1PN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07199376
BANKERS
Barclays Bank Plc
ACCOUNTANTS
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN
Lakeland Granite Limited
ACCOUNTS
FOR THEYEARENDED31/03/2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Lakeland Granite Limited
BALANCE SHEET AT 31/03/2025
20252024
Notes££
FIXED ASSETS
Tangible assets257,11373,791
CURRENT ASSETS
Stock9,2009,200
Debtors4140,588114,946
Cash at bank and in hand22,30758,446
172,095182,592
CREDITORS: Amounts falling due within one year5104,334125,927
NET CURRENT ASSETS67,76156,665
TOTAL ASSETS LESS CURRENT LIABILITIES124,874130,456
CREDITORS: Amounts falling due after more than one year6124,34959,108
NET ASSETS52571,348
CAPITAL AND RESERVES
Called up share capital100100
Profit and loss account42571,248
SHAREHOLDERS' FUNDS52571,348
For the year ending 31/03/2025 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21/11/2025 and signed on their behalf by
.............................
J Menery
Director
Lakeland Granite Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Computer Equipmentreducing balance 25%
Motor Vehiclesreducing balance 25%
1c. Stocks
Stocks are valued at the lower of cost and net estimated selling price less selling costs. Cost is based on average cost. For work in progress, cost is taken as the production cost which includes a proportion of attributable overheads.
1d. Taxation
Taxation represents the sum of tax currently payable and deferred tax. 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. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. Turnover is recognised upon the despatch of goods and on the provision of services.
Lakeland Granite Limited
2. TANGIBLE FIXED ASSETS
Plant andComputer
MachineryEquipmentMotor VehiclesTotal
££££
Cost
At 01/04/2024261,6083,39011,000275,998
Additions1,629731-2,360
At 31/03/2025263,2374,12111,000278,358
Depreciation
At 01/04/2024188,6673,15910,381202,207
For the year18,64224115519,038
At 31/03/2025207,3093,40010,536221,245
Net Book Amounts
At 31/03/202555,92872146457,113
At 31/03/202472,94123161973,791
3. STOCK 20252024
££
Stock comprises:
Stock9,2009,200
9,2009,200
4. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors30,70014,229
Other taxation and social security creditors2,524-
Other debtors10,9017,276
Prepayments-1,142
Directors current account96,46392,299
140,588114,946
Lakeland Granite Limited
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
UK corporation tax21,29940,494
VAT5,2845,718
Other taxation and social security creditors-3,668
Bank loans <1yr57,70347,022
Trade creditors17,69826,675
Accruals2,3502,350
104,334125,927
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20252024
££
Bank loans >1yr124,34959,108
124,34959,108
7. SECURED CREDITORS
20252024
££
Amount of bank loans and overdrafts which are secured168,71982,797
Bank loans are secured over certain company assets in addition to personal guarentees from the director.
8. EMPLOYEES
20252024
No.No.
Average number of employees33
9. RELATED PARTY TRANSACTIONS
The directors received total salaries of £18,182 during the year (2024 - £9,096).
Dividends of £80,000 were paid to the directors during the year (2024 - £48,000).
At the balance sheet date the director owed £96,463 to the company (2024 - £92,299). The loan is unsecured, interest free and repayable on demand.
Lakeland Granite Limited
10. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England & Wales.
The company's registered number is 07199376.
The company's registered office is 6 Brunswick Street, Carlisle, Cumbria, CA1 1PN.
11. TRANSACTIONS WITH DIRECTORS
At 1 April 2024 a loan of £92,299 was owed to the company by the directors, of which £80,000 was repaid. During the year net advances of £84,164 were made to the director and at the balance sheet date £96,463 remains outstanding.
The loan is unsecured, interest free and repayable on demand.