REGISTERED NUMBER: 10209205 (England and Wales)

Unaudited Financial Statements

for the Period 1 December 2023 to 31 March 2025

for

Lakeland Kitchens Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Hudson

I Bainbridge

REGISTERED OFFICE:

14 Wainwrights Yard

Kendal

LA9 4DP

REGISTERED NUMBER:

10209205 (England and Wales)

FIXED ASSETS

Tangible assets

4

296,296

215,482

CURRENT ASSETS

Stocks

57,706

52,596

Debtors

5

443,073

403,552

Cash at bank and in hand

49,817

126,539

550,596

582,687

CREDITORS

Amounts falling due within one year

6

505,252

359,628

NET CURRENT ASSETS

45,344

223,059

TOTAL ASSETS LESS CURRENT LIABILITIES

341,640

438,541

CREDITORS

Amounts falling due after more than one year

7

(171,899

)

(155,655

)

PROVISIONS FOR LIABILITIES

(43,629

)

(53,870

)

NET ASSETS

126,112

229,016

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

126,012

228,916

SHAREHOLDERS' FUNDS

126,112

229,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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 27 August 2025 and were signed on its behalf by:

M Hudson - Director

1.	STATUTORY INFORMATION

Lakeland Kitchens 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.	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.

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

-

33% on cost

Fixtures and fittings

-

33% on cost

Showroom displays

-

10% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Showroom

machinery

fittings

displays

Totals

£

£

£

£

COST

At 1 December 2023

4,923

31,808

196,986

233,717

Additions

-

4,144

117,638

121,782

At 31 March 2025

4,923

35,952

314,624

355,499

DEPRECIATION

At 1 December 2023

1,851

10,786

5,598

18,235

Charge for period

1,751

12,965

26,252

40,968

At 31 March 2025

3,602

23,751

31,850

59,203

NET BOOK VALUE

At 31 March 2025

1,321

12,201

282,774

296,296

At 30 November 2023

3,072

21,022

191,388

215,482

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Trade debtors

323,857

349,361

Amounts owed by group undertakings

111,902

16,011

VAT

-

22,337

Prepayments and accrued income

7,314

15,843

443,073

403,552

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Bank loans and overdrafts

10,000

10,000

Other loans

46,116

46,116

Trade creditors

253,776

227,320

Tax

73

13,435

PAYE & NI

10,317

4,786

VAT

2,233

-

Other creditors

505

258

Directors' current accounts

7,078

474

Accruals and deferred income

175,154

57,239

505,252

359,628

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2023

£

£

Bank loans - 1-2 years

92,905

10,000

Bank loans - 2-5 years

4,259

10,520

Other loans - 1-2 years

46,116

46,115

Other loans - 2-5 years

28,619

89,020

171,899

155,655