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Company Registration No. 07190448 (England and Wales)
Lateral Accounting Ltd Unaudited accounts for the year ended 31 March 2025
Lateral Accounting Ltd Unaudited accounts Contents
Page
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Lateral Accounting Ltd Company Information for the year ended 31 March 2025
Director
Janet Knapton
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
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Lateral Accounting Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,653 
1,016 
Current assets
Debtors
10,449 
11,132 
Cash at bank and in hand
37,652 
26,730 
48,101 
37,862 
Creditors: amounts falling due within one year
(22,916)
(31,468)
Net current assets
25,185 
6,394 
Net assets
29,838 
7,410 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
29,738 
7,310 
Shareholders' funds
29,838 
7,410 
For the year ending 31 March 2025 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 2025 and were signed on its behalf by
Janet Knapton Director Company Registration No. 07190448
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Lateral Accounting Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
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.
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:
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 2024
5,669 
5,779 
11,448 
Additions
2,516 
1,121 
3,637 
At 31 March 2025
8,185 
6,900 
15,085 
Depreciation
At 1 April 2024
5,669 
4,763 
10,432 
At 31 March 2025
5,669 
4,763 
10,432 
Net book value
At 31 March 2025
2,516 
2,137 
4,653 
At 31 March 2024
- 
1,016 
1,016 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,029 
11,132 
Other debtors
420 
- 
10,449 
11,132 
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Lateral Accounting Ltd Notes to the Accounts for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
2,029 
2,352 
Taxes and social security
15,603 
15,717 
Loans from directors
4,073 
12,167 
Accruals
1,211 
1,232 
22,916 
31,468 
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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