Accounts filed on 31-03-2023


Registered number: 01554079






Lakeside Printing Limited


ACCOUNTS

FOR THE YEAR ENDED 31/03/2023
























Prepared By:
DBR Accounts Ltd
Association of Chartered Certified Accountants
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT


ACCOUNTS
FOR THE YEAR ENDED 31/03/2023





DIRECTORS
Paul Bashford


REGISTERED OFFICE
Unit 4a Munday Works
58-66 Morley Road
Tonbridge
Kent
TN9 1RA


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 01554079



ACCOUNTANTS
DBR Accounts Ltd
Association of Chartered Certified Accountants
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT


ACCOUNTS
FOR THEYEARENDED31/03/2023



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/03/2023

			2023		2022
	Notes		£		£

FIXED ASSETS
Tangible assets	3		51,034		18,772

CURRENT ASSETS
Stock		654		500
Debtors	5	19,493		14,275
Cash at bank and in hand		107,598		119,835
		127,745		134,610
CREDITORS: Amounts falling due within one year	6	50,476		67,479
NET CURRENT ASSETS			77,269		67,131
TOTAL ASSETS LESS CURRENT LIABILITIES			128,303		85,903

CAPITAL AND RESERVES

Called up share capital	7		1,000		1,000
Profit and loss account			127,303		84,903
SHAREHOLDERS' FUNDS			128,303		85,903

For the year ending 31/03/2023 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 21/08/2023 and signed on their behalf by



.............................
Paul Bashford
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Tangible assets are initially recorded at cost, and subsequently measured at cost less any accumulated depreciation and impairment losses.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant And Machinery		reducing balance25%
Equipment		reducing balance25%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




1e. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are initially measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.




5. DEBTORS	2023	2022
	£	£
Amounts falling due within one year
Trade debtors	8,667	6,874
VAT	3,462	-
Other debtors	-	37
Prepayments	7,364	7,364
	19,493	14,275




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2023	2022
	£	£
UK corporation tax	5,114	5,807
VAT	-	160
Salaries and wages control	3,720	2,782
Directors current account	856	336
Bank loans and overdrafts	994	133
Bank Loan	28,852	39,426
Trade creditors	10,845	8,835
Pension schemes	17	-
Accruals	78	10,000
	50,476	67,479




7. SHARE CAPITAL	2023	2022
	£	£
Allotted, issued and fully paid:
1000 Ordinary shares of £1 each	1000	1000
	1,000	1,000