Acorah Software Products - Accounts Production 19.1.200 false true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 04840405 Mr James Evans Mr Nicholas Murphy Mrs Fiona Evans iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04840405 2024-07-31 04840405 2025-07-31 04840405 2024-08-01 2025-07-31 04840405 frs-core:CurrentFinancialInstruments 2025-07-31 04840405 frs-core:Non-currentFinancialInstruments 2025-07-31 04840405 frs-core:BetweenOneFiveYears 2025-07-31 04840405 frs-core:MotorVehicles 2025-07-31 04840405 frs-core:MotorVehicles 2024-08-01 2025-07-31 04840405 frs-core:MotorVehicles 2024-07-31 04840405 frs-core:WithinOneYear 2025-07-31 04840405 frs-core:ShareCapital 2025-07-31 04840405 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 04840405 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 04840405 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 04840405 frs-bus:SmallEntities 2024-08-01 2025-07-31 04840405 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 04840405 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 04840405 frs-bus:Director1 2024-08-01 2025-07-31 04840405 frs-bus:Director2 2024-08-01 2025-07-31 04840405 frs-bus:CompanySecretary1 2024-08-01 2025-07-31 04840405 frs-countries:EnglandWales 2024-08-01 2025-07-31 04840405 2023-07-31 04840405 2024-07-31 04840405 2023-08-01 2024-07-31 04840405 frs-core:CurrentFinancialInstruments 2024-07-31 04840405 frs-core:Non-currentFinancialInstruments 2024-07-31 04840405 frs-core:BetweenOneFiveYears 2024-07-31 04840405 frs-core:MotorVehicles 2023-08-01 2024-07-31 04840405 frs-core:WithinOneYear 2024-07-31 04840405 frs-core:ShareCapital 2024-07-31 04840405 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: 04840405
Lakelands Developments Limited
Unaudited Financial Statements
For The Year Ended 31 July 2025
Velocity Accounting Solutions Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04840405
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,895 19,861
14,895 19,861
CURRENT ASSETS
Stocks 5 998,342 1,012,342
Debtors 6 23,346 22,666
Cash at bank and in hand 7,083 46,712
1,028,771 1,081,720
Creditors: Amounts Falling Due Within One Year 7 (682,864 ) (807,785 )
NET CURRENT ASSETS (LIABILITIES) 345,907 273,935
TOTAL ASSETS LESS CURRENT LIABILITIES 360,802 293,796
Creditors: Amounts Falling Due After More Than One Year 8 (285,465 ) (211,048 )
NET ASSETS 75,337 82,748
CAPITAL AND RESERVES
Called up share capital 10 4 4
Profit and Loss Account 75,333 82,744
SHAREHOLDERS' FUNDS 75,337 82,748
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For the year ending 31 July 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
Mr James Evans
Director
28/04/2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Lakelands Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04840405 . The registered office is 22 Valley Road Barlow Dronfield Valley Road, Barlow, Dronfield, England, S18 7SN.
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:
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.
2.5. 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: 1 (2024: 1)
1 1
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4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 August 2024 21,666
As at 31 July 2025 21,666
Depreciation
As at 1 August 2024 1,805
Provided during the period 4,966
As at 31 July 2025 6,771
Net Book Value
As at 31 July 2025 14,895
As at 1 August 2024 19,861
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles 14,895 -
5. Stocks
2025 2024
£ £
Work in progress 998,342 1,012,342
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 23,346 22,666
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 2,937 2,937
Trade creditors (39,415 ) 45,529
Bank loans and overdrafts 35,797 25,821
Other loans - Nicholas James Homes Ltd 863 863
Other creditors 676,004 726,712
Taxation and social security 6,678 5,923
682,864 807,785
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 5,141 8,078
Bank loans 280,324 202,970
285,465 211,048
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,937 2,937
Later than one year and not later than five years 5,141 8,078
8,078 11,015
8,078 11,015
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 4 4
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