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REGISTERED NUMBER: 10968420 (England and Wales)


Financial Statements for the Year Ended 31 December 2023

for

Lancesoft Ltd

Lancesoft Ltd (Registered number: 10968420)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Lancesoft Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs Sree Tulasi Kambhampati
Mr Rajendra Prasad Sharma
Mr Anurag Sharma





REGISTERED OFFICE: 1 - Northumberland Avenue,
Trafalgar Square,
London,
Greater London,
United Kingdom
WC2N 5BW





REGISTERED NUMBER: 10968420 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Lancesoft Ltd (Registered number: 10968420)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 - 372

CURRENT ASSETS
Debtors 5 1,134,999 81,556
Cash at bank 152,912 28,787
1,287,911 110,343
CREDITORS
Amounts falling due within one year 6 556,200 37,071
NET CURRENT ASSETS 731,711 73,272
TOTAL ASSETS LESS CURRENT
LIABILITIES

731,711

73,644

CREDITORS
Amounts falling due after more than one
year

7

616,438

-
NET ASSETS 115,273 73,644

CAPITAL AND RESERVES
Called up share capital 8 77 77
Retained earnings 115,196 73,567
115,273 73,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Lancesoft Ltd (Registered number: 10968420)

Statement of Financial Position - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 December 2024 and were signed on its behalf by:





Mr Rajendra Prasad Sharma - Director


Lancesoft Ltd (Registered number: 10968420)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Lancesoft Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the
nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate
of exchange on the date the transaction occurred. Monetary items denominated in other currencies are
translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit
and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not
retranslated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2022 - 4 ) .

Lancesoft Ltd (Registered number: 10968420)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 437
DEPRECIATION
At 1 January 2023 65
Charge for year 372
At 31 December 2023 437
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 372

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,099,997 79,402
Other debtors 35,002 2,154
1,134,999 81,556

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 44,985 10,177
Taxation and social security 173,755 26,615
Other creditors 337,460 279
556,200 37,071

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 616,438 -

Amounts falling due in more than five years:

Repayable by instalments
Other loans 616,438 -

Lancesoft Ltd (Registered number: 10968420)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CALLED UP SHARE CAPITAL

** POSTING HAS BEEN MADE TO SHARE CAPITAL 1 ACCOUNT ON TRIAL BALANCE BUT NO CORRESPONDING ENTRY HAS BEEN MADE ON CLIENT SCREEN FOR SHARE CAPITAL 1
THIS NOTE WILL THEREFORE NOT AGREE TO AMOUNT SHOWN ON
BALANCE SHEET