Lakeland Management Limited - Period Ending 2014-12-31

Company registration number 00497391

Lakeland Management Limited

Unaudited Abbreviated Accounts

for the Year Ended

 31 December 2014
 

Scott & Wilkinson LLP
Chartered Accountants
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD

Lakeland Management Limited

Contents

FOR THE YEAR ENDED 31 December 2014
 

Page(s)

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Lakeland Management Limited

Abbreviated Balance Sheet

as at 31 December 2014
 

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					118,620			121,052
Current assets
Debtors					188			38
Cash at bank and in hand					9,200			10,070
					9,388			10,108
Creditors: Amounts falling due within one year					(866)			(835)
Net current assets					8,522			9,273
Net assets					127,142			130,325
Capital and reserves
Called up share capital		3			3,503			3,503
Profit and loss account					123,639			126,822
Shareholders' funds					127,142			130,325

Company registration number: 00497391

For the year ending 31 December 2014 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on...... March 2015 and signed on its behalf by:

Mr W Francis
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Lakeland Management Limited

Notes to the Abbreviated Accounts

 for the Year Ended 31 December 2014

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Land and buildings	2% Straight line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2014		152,668			152,668
At 31 December 2014		152,668			152,668
Depreciation
At 1 January 2014		31,616			31,616
Charge for the year		2,432			2,432
At 31 December 2014		34,048			34,048
Net book value
At 31 December 2014		118,620			118,620
At 31 December 2013		121,052			121,052

Page 2

Lakeland Management Limited

Notes to the Abbreviated Accounts

 for the Year Ended 31 December 2014

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		3,503			3,503			3,503			3,503

Page 3