Lakeside Distribution Leicester Limited

Registered number

09504737

Filleted Accounts

31 March 2026

Lakeside Distribution Leicester Limited
Registered number:		09504737
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		8,202			16,202

Current assets
Stocks		165,000			194,329
Debtors	4	254,709			209,429
Cash at bank and in hand		29,870			24,039
		449,579			427,797

Creditors: amounts falling due within one year	5	(233,192)			(244,373)

Net current assets			216,387			183,424

Total assets less current liabilities			224,589			199,626

Creditors: amounts falling due after more than one year	6		-			(11,667)



Net assets			224,589			187,959

Capital and reserves
Called up share capital			100			100
Profit and loss account			224,489			187,859

Shareholders' funds			224,589			187,959

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Gurpal Gill
Director
Approved by the board on 10 August 2026

Lakeside Distribution Leicester Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance
	Motor vehicles	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			5		5


3	Tangible fixed assets
		Plant and machinery		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2025	23,860		39,155		63,015
	Disposals	-		(21,023)		(21,023)
	At 31 March 2026	23,860		18,132		41,992

	Depreciation
	At 1 April 2025	15,931		30,882		46,813
	Charge for the year	1,982		752		2,734
	On disposals	-		(15,757)		(15,757)
	At 31 March 2026	17,913		15,877		33,790

	Net book value
	At 31 March 2026	5,947		2,255		8,202
	At 31 March 2025	7,929		8,273		16,202


4	Debtors			2026		2025
£					£

	Trade debtors			171,276		205,027
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			79,100		1,000
	Other debtors			4,333		3,402
				254,709		209,429


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			143,435		191,947
	Taxation and social security costs			87,117		46,011
	Other creditors			2,640		6,415
				233,192		244,373


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			-		11,667


7	Related party transactions
		2026		2025
£			£

	Rent paid to associated company	7,000		-


8	Controlling party

	The ultimate controlling party is Mr Gurpal Gill by virtue of his directorship and shareholding.


9	Other information

	Lakeside Distribution Leicester Limited is a private company limited by shares and incorporated in England. Its registered office is:
	101 High Street
	Syston
	Leicester
	LE7 1GQ