Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 05359749 Mr Dipen Patel Mr Kuldip Singh true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05359749 2023-02-28 05359749 2024-02-29 05359749 2023-03-01 2024-02-29 05359749 frs-core:CurrentFinancialInstruments 2024-02-29 05359749 frs-core:ShareCapital 2024-02-29 05359749 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 05359749 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 05359749 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 05359749 frs-bus:SmallEntities 2023-03-01 2024-02-29 05359749 frs-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 05359749 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 05359749 1 2023-03-01 2024-02-29 05359749 frs-bus:Director1 2023-03-01 2024-02-29 05359749 frs-bus:Director2 2023-03-01 2024-02-29 05359749 frs-countries:EnglandWales 2023-03-01 2024-02-29 05359749 2022-02-28 05359749 2023-02-28 05359749 2022-03-01 2023-02-28 05359749 frs-core:CurrentFinancialInstruments 2023-02-28 05359749 frs-core:ShareCapital 2023-02-28 05359749 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 05359749
Lafalquk Partners Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Accountants' Report 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Lafalquk Partners Ltd for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lafalquk Partners Ltd for the year ended 29 February 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Lafalquk Partners Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Lafalquk Partners Ltd and state those matters that we have agreed to state to the directors of Lafalquk Partners Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lafalquk Partners Ltd and its directors, as a body, for our work or for this report.
It is your duty to ensure that Lafalquk Partners 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 or loss of Lafalquk Partners Ltd . You consider that Lafalquk Partners Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Lafalquk Partners 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 financial statements.
Signed
25/11/2024
PVS Accountants Limited
61 Varley Road
London
E16 3NR
Page 1
Page 2
Balance Sheet
Registered number: 05359749
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 641,464 641,464
Cash at bank and in hand 36,598 2,534
678,062 643,998
Creditors: Amounts Falling Due Within One Year 5 (718,404 ) (680,155 )
NET CURRENT ASSETS (LIABILITIES) (40,342 ) (36,157 )
TOTAL ASSETS LESS CURRENT LIABILITIES (40,342 ) (36,157 )
NET LIABILITIES (40,342 ) (36,157 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (40,442 ) (36,257 )
SHAREHOLDERS' FUNDS (40,342) (36,157)
For the year ending 29 February 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Dipen Patel
Director
25/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Lafalquk Partners Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05359749 . The registered office is 1 Milner Road, Morden, Surrey, SM4 6EN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Stocks
2024 2023
£ £
Stock 641,464 641,464
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 2,700
Other loan (Current liabilities - creditors < 1 year) 288,869 248,969
Accruals and deferred income 2,249 1,200
Directors' loan accounts 427,286 427,286
718,404 680,155
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Related Party Transactions
Loans from Directors:
The total interest-free loans repayable on demand outstanding to the directors  as at the year end was £ 427,286 ( Y.E 28.02.2023: 427,286) 
Loans from Shareholder :
During the year the company was advanced an interest free loan repayable on demand by the shareholder was £80,000 out of this £40,100 was repaid during the year.The total interest-free loans repayable on demand outstanding to the shareholder as at the year end was £ 203,869 ( Y.E 28.02.2023: £163,969 ) 
Loan from Associated Company :
The total of interest free loans repayable on demand outstanding to associated company amounted to £85,000 ( ( Y.E 28.02.2023: £85,000 ) 
Page 3
Page 4
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr K Singh a director of the company by virtue of his ownership of 60% of the issued ordinary share capital in the company.
Page 4