Lake District Drinks Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 12326797

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		7,700		10,328

			7,700		10,328
CURRENT ASSETS
Stocks		24,048		23,367
Debtors	5	48,231		35,913
Cash at bank and in hand		14,758		4,221

		87,037		63,501
Creditors: Amounts Falling Due Within One Year		(82,952 )		(36,505 )

NET CURRENT ASSETS (LIABILITIES)			4,085		26,996

TOTAL ASSETS LESS CURRENT LIABILITIES			11,785		37,324

Creditors: Amounts Falling Due After More Than One Year			-		(35,003 )

NET ASSETS			11,785		2,321

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			11,685		2,221

SHAREHOLDERS' FUNDS			11,785		2,321

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Lake District Drinks Limited

Abridged Balance Sheet (continued)

As At 30 November 2024

For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges her 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.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 November 2024 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mrs Judith Cropley

Director

12/02/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Lake District Drinks Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12326797 . The registered office is Unit 4b, Crakeside Business Park, Ulverston, Cumbria, LA12 7RT.

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

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.

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. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2023: 3)

4. Tangible Assets

	Total
	£
Cost
As at 1 December 2023	18,483

As at 30 November 2024	18,483

Depreciation
As at 1 December 2023	8,155
Provided during the period	2,628

As at 30 November 2024	10,783

Net Book Value
As at 30 November 2024	7,700

As at 1 December 2023	10,328

5. Debtors

	2024	2023
	£	£
Due after more than one year
Rent Bond	8,100	8,100

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Lake District Drinks Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 30 November 2024

6. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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