Acorah Software Products - Accounts Production 16.2.800 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 03450731 Mr Shivam Lakhani Mrs Pramodi Lakhani iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03450731 2023-12-31 03450731 2024-12-31 03450731 2024-01-01 2024-12-31 03450731 frs-core:CurrentFinancialInstruments 2024-12-31 03450731 frs-core:Non-currentFinancialInstruments 2024-12-31 03450731 frs-core:ShareCapital 2024-12-31 03450731 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 03450731 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03450731 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 03450731 frs-bus:SmallEntities 2024-01-01 2024-12-31 03450731 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03450731 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03450731 frs-bus:Director1 2024-01-01 2024-12-31 03450731 frs-bus:Director2 2024-01-01 2024-12-31 03450731 frs-countries:EnglandWales 2024-01-01 2024-12-31 03450731 2022-12-31 03450731 2023-12-31 03450731 2023-01-01 2023-12-31 03450731 frs-core:CurrentFinancialInstruments 2023-12-31 03450731 frs-core:Non-currentFinancialInstruments 2023-12-31 03450731 frs-core:ShareCapital 2023-12-31 03450731 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 03450731
Lake Accountancy Services Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Lake & Co
Chartered Accountants
25a Kenton Park Parade
Kenton
Harrow
HA3 8DN
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 03450731
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 - 11,550
Debtors 5 8,598 8,038
Cash at bank and in hand 41,706 23,995
50,304 43,583
Creditors: Amounts Falling Due Within One Year 6 (30,568 ) (28,334 )
NET CURRENT ASSETS (LIABILITIES) 19,736 15,249
TOTAL ASSETS LESS CURRENT LIABILITIES 19,736 15,249
Creditors: Amounts Falling Due After More Than One Year 7 (1,419 ) (4,596 )
NET ASSETS 18,317 10,653
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 18,217 10,553
SHAREHOLDERS' FUNDS 18,317 10,653
For the year ending 31 December 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
Mrs Pramodi Lakhani
Director
24/03/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Lake Accountancy Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03450731 . The registered office is 25A kenton Park Parade, Kenton Road, Harrow, Middlesex, HA3 8DN.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. 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.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.


3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Stocks
2024 2023
£ £
Work in progress - 11,550
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,598 8,038
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Bank loans and overdrafts 3,200 3,200
Corporation tax 8,782 7,682
Other creditors 11,434 12,872
Accruals and deferred income 6,817 4,459
Directors' loan accounts 334 121
30,568 28,334
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,419 4,596
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3