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Company Registration No. 11376534 (England and Wales)
Lakshmi Software Ltd Unaudited accounts for the year ended 31 May 2024
Lakshmi Software Ltd Unaudited accounts Contents
Page
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Lakshmi Software Ltd Company Information for the year ended 31 May 2024
Director
Lakshmi Narasimha Prasad Reddy Ramireddy Esq
Company Number
11376534 (England and Wales)
Registered Office
21 ROWNHAMS ROAD BOURNEMOUTH BH8 0NJ UNITED KINGDOM
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Lakshmi Software Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,460 
2,208 
Current assets
Cash at bank and in hand
177,164 
76,445 
Creditors: amounts falling due within one year
(83,638)
(21,270)
Net current assets
93,526 
55,175 
Total assets less current liabilities
96,986 
57,383 
Provisions for liabilities
Deferred tax
(315)
(419)
Net assets
96,671 
56,964 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
96,571 
56,864 
Shareholders' funds
96,671 
56,964 
For the year ending 31 May 2024 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 director acknowledges his 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 and authorised for issue on 30 September 2024 and were signed on its behalf by
Lakshmi Narasimha Prasad Reddy Ramireddy Esq Director Company Registration No. 11376534
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Lakshmi Software Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Lakshmi Software Ltd is a private company, limited by shares, registered in England and Wales, registration number 11376534. The registered office is 21 ROWNHAMS ROAD, BOURNEMOUTH, BH8 0NJ, 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% written down value basis
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2023
6,052 
Additions
2,405 
At 31 May 2024
8,457 
Depreciation
At 1 June 2023
3,844 
Charge for the year
1,153 
At 31 May 2024
4,997 
Net book value
At 31 May 2024
3,460 
At 31 May 2023
2,208 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
6,405 
4,653 
Taxes and social security
13,756 
16,221 
Loans from directors
63,477 
396 
83,638 
21,270 
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Lakshmi Software Ltd Notes to the Accounts for the year ended 31 May 2024
6
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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