Company Registration No. 07190448 (England and Wales)
Lateral Accounting Ltd
Unaudited accounts
for the year ended 31 March 2024
Lateral Accounting Ltd
Unaudited accounts
Contents
Lateral Accounting Ltd
Company Information
for the year ended 31 March 2024
Company Number
07190448 (England and Wales)
Registered Office
2 Chestnut Road
Kingston Upon Thames
KT2 5AP
Accountants
J Tanna & Co Limited
135 Kings Road
Kingston Upon Thames
Surrey
KT2 5JE
Lateral Accounting Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
1,016
1,016
Cash at bank and in hand
26,730
25,316
Creditors: amounts falling due within one year
(31,468)
(15,934)
Net current assets
6,394
10,312
Called up share capital
100
100
Profit and loss account
7,310
11,228
Shareholders' funds
7,410
11,328
For the year ending 31 March 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 her 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 November 2024 and were signed on its behalf by
Janet Knapton
Director
Company Registration No. 07190448
Lateral Accounting Ltd
Notes to the Accounts
for the year ended 31 March 2024
Lateral Accounting Ltd is a private company, limited by shares, registered in England and Wales, registration number 07190448. The registered office is 2 Chestnut Road, Kingston Upon Thames, KT2 5AP.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
25% straight line
Computer equipment
33% straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
5,669
5,779
11,448
At 31 March 2024
5,669
5,779
11,448
At 1 April 2023
5,669
4,763
10,432
At 31 March 2024
5,669
4,763
10,432
At 31 March 2024
-
1,016
1,016
At 31 March 2023
-
1,016
1,016
Amounts falling due within one year
Lateral Accounting Ltd
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
15,717
11,817
Loans from directors
12,167
1,481
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).