Lakefield Enterprises Ltd

Lakefield Enterprises Ltd
Contents Page
For the year ended 31 May 2025

Accountants' Report	1
Statement of Financial Position	2
Notes to the Financial Statements	3

Lakefield Enterprises Ltd Accountants' Report For the year ended 31 May 2025
Accountant’s report You consider that the company is exempt from an audit for the year ended 31 May 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. Vellender Lewis Accountants Limited 31 May 2025 .................................................... Vellender Lewis Accountants Limited 4 Capricorn Centre Cranes Farm Road Basildon SS14 3JJ 19 October 2026 1

Lakefield Enterprises Ltd
Accountants' Report
For the year ended 31 May 2025

Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 May 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Vellender Lewis Accountants Limited
31 May 2025

....................................................
Vellender Lewis Accountants Limited
4 Capricorn Centre
Cranes Farm Road
Basildon
SS14 3JJ
19 October 2026

1

Lakefield Enterprises Ltd
Statement of Financial Position
As at 31 May 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	17,163	9,912
		17,163	9,912
Current assets
Stocks		0	7,768
Debtors		13,796	67,992
Cash at bank and in hand		46,065	12,298
		59,861	88,058
Creditors: amount falling due within one year		(19,929)	(48,094)
Net current assets		39,932	39,964

Total assets less current liabilities		57,095	49,876
Net assets		57,095	49,876

Capital and reserves
Called up share capital		5	5
Profit and loss account		57,090	49,871
Shareholders' funds		57,095	49,876

For the year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 19 October 2026 and were signed on its behalf by:

-------------------------------
Raymond Bowyer
Director

2

Lakefield Enterprises Ltd
Notes to the Abridged Financial Statements
For the year ended 31 May 2025

General Information

Lakefield Enterprises Ltd is a private company, limited by shares, registered in England and Wales, registration number 03055957, registration address The Briars, Petches Bridge, Great Bardfield, Braintree , Essex, CM7 4QN.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	15 Reducing Balance
Motor Vehicles	15 Reducing Balance
Fixtures and Fittings	15 Reducing Balance
Computer Equipment	15 Reducing Balance

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 1 (2024 : 0).

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£	£
At 01 June 2024	2,170	20,751	2,193	6,742	31,856
Additions	-	10,279	(2,128)	-	8,151
Disposals	-	-	-	-	-
At 31 May 2025	2,170	31,030	65	6,742	40,007
Depreciation
At 01 June 2024	2,061	11,661	-	6,094	19,816
Charge for year	16	2,905	10	97	3,028
On disposals	-	-	-	-	-
At 31 May 2025	2,077	14,566	10	6,191	22,844
Net book values
Closing balance as at 31 May 2025	93	16,464	55	551	17,163
Opening balance as at 01 June 2024	109	9,090	65	648	9,912

3