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Company Registration No. 12371468 (England and Wales)
Lakthen Ltd Unaudited accounts for the year ended 31 December 2023
Lakthen Ltd Unaudited accounts Contents
Page
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Lakthen Ltd Company Information for the year ended 31 December 2023
Directors
Ashok Rangasamy Thenmozhi Muthusamy
Company Number
12371468 (England and Wales)
Registered Office
21 Hazel Close Southwater Horsham West Sussex RH13 9GN United Kingdom
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Lakthen Ltd Accountants' report
Accountants' report to the board of directors of Lakthen Ltd on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lakthen Ltd for the year ended 31 December 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Lakthen Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Lakthen Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lakthen Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Lakthen Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Lakthen Ltd. You consider that Lakthen Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Lakthen Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 29 January 2024
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Lakthen Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,027 
1,369 
Current assets
Cash at bank and in hand
98,972 
221,055 
Creditors: amounts falling due within one year
(10,705)
(94,795)
Net current assets
88,267 
126,260 
Net assets
89,294 
127,629 
Capital and reserves
Called up share capital
120 
100 
Profit and loss account
89,174 
127,529 
Shareholders' funds
89,294 
127,629 
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 January 2024 and were signed on its behalf by
Ashok Rangasamy Director Company Registration No. 12371468
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Lakthen Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Lakthen Ltd is a private company, limited by shares, registered in England and Wales, registration number 12371468. The registered office is 21 Hazel Close Southwater, Horsham, West Sussex, RH13 9GN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25 % reducing balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
1,407 
At 31 December 2023
1,407 
Depreciation
At 1 January 2023
38 
Charge for the year
342 
At 31 December 2023
380 
Net book value
At 31 December 2023
1,027 
At 31 December 2022
1,369 
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Lakthen Ltd Notes to the Accounts for the year ended 31 December 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
8,775 
12,151 
Trade creditors
- 
50,000 
Taxes and social security
1,065 
11,506 
Loans from directors
684 
20,463 
Accruals
181 
675 
10,705 
94,795 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
120 Ordinary shares of £1 each
120 
120 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Ashok Rangasamy
Director Loan Account
(10,232)
10,068 
178 
(342)
Thenmozhi Muthusamy
Director Loan Account
(10,231)
10,068 
179 
(342)
(20,463)
20,136 
357 
(684)
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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