REGISTERED NUMBER: 06588549 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2026

for

LAKELAND BUILDING SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S R Steel

Mrs D P Steel

Mr R Steel

SECRETARY:

Mrs D P Steel

REGISTERED OFFICE:

Birchwood House

Woodbridge Road

Bredfield

Suffolk

IP13 6AW

REGISTERED NUMBER:

06588549 (England and Wales)

ACCOUNTANTS:

Turner & Ellerby

Chartered Certified Accountants

5 Church Street

Framlingham

Woodbridge

Suffolk

IP13 9BQ

FIXED ASSETS

Tangible assets

4

80,134

29,280

CURRENT ASSETS

Stocks

1,068,098

321,402

Debtors

5

73,721

18,060

Cash at bank

2,487

6,739

1,144,306

346,201

CREDITORS

Amounts falling due within one year

6

849,478

133,116

NET CURRENT ASSETS

294,828

213,085

TOTAL ASSETS LESS CURRENT LIABILITIES

374,962

242,365

CREDITORS

Amounts falling due after more than one year

7

(28,500

)

-

PROVISIONS FOR LIABILITIES

10

(20,034

)

(7,320

)

NET ASSETS

326,428

235,045

CAPITAL AND RESERVES

Called up share capital

11

10

10

Retained earnings

326,418

235,035

SHAREHOLDERS' FUNDS

326,428

235,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 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 19 August 2026 and were signed on its behalf by:

Mr S R Steel - Director

1.	STATUTORY INFORMATION

LAKELAND BUILDING SERVICES 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

Straight line over 4 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete or slow moving stock.

At the year end stock may include the value of any properties that are under construction but not fully completed.

Taxation

Taxation for the year 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 year 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 June 2025

35,491

35,668

671

71,830

Additions

62,500

-

-

62,500

Disposals

(1,388

)

-

-

(1,388

)

At 31 May 2026

96,603

35,668

671

132,942

DEPRECIATION

At 1 June 2025

15,708

26,675

167

42,550

Charge for year

9,468

1,942

167

11,577

Eliminated on disposal

(1,319

)

-

-

(1,319

)

At 31 May 2026

23,857

28,617

334

52,808

NET BOOK VALUE

At 31 May 2026

72,746

7,051

337

80,134

At 31 May 2025

19,783

8,993

504

29,280

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

Additions

55,000

At 31 May 2026

55,000

DEPRECIATION

Charge for year

4,917

At 31 May 2026

4,917

NET BOOK VALUE

At 31 May 2026

50,083

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

101

18,060

Unbilled sales contracts

65,370

-

Prepayments

8,250

-

73,721

18,060

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 8)

377,691

-

Hire purchase contracts

17,417

-

Trade creditors

30,284

16,558

Tax

22,747

15,238

Social security and other taxes

3,822

1,818

VAT

2,073

576

Other creditors

3,490

4,000

Other loans

30,000

-

Directors' current accounts

358,954

91,799

Accrued expenses

3,000

3,127

849,478

133,116

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

28,500

-

8.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank loans

377,691

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

377,691

-

Hire purchase contracts

45,917

-

423,608

-

Assets purchased under Hire Purchase are secured against the asset to which they relate.

10.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

20,034

7,320

Deferred

tax

£

Balance at 1 June 2025

7,320

Movement in year

12,714

Balance at 31 May 2026

20,034

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

10

Ordinary

£1

10

10