Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312024-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2No description of principal activity2truetruefalse 10650810 2024-04-01 2025-03-31 10650810 2023-04-01 2024-03-31 10650810 2025-03-31 10650810 2024-03-31 10650810 c:Director1 2024-04-01 2025-03-31 10650810 d:OfficeEquipment 2024-04-01 2025-03-31 10650810 d:OfficeEquipment 2025-03-31 10650810 d:OfficeEquipment 2024-03-31 10650810 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 10650810 d:CurrentFinancialInstruments 2025-03-31 10650810 d:CurrentFinancialInstruments 2024-03-31 10650810 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 10650810 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10650810 d:ShareCapital 2025-03-31 10650810 d:ShareCapital 2024-03-31 10650810 d:RetainedEarningsAccumulatedLosses 2025-03-31 10650810 d:RetainedEarningsAccumulatedLosses 2024-03-31 10650810 c:FRS102 2024-04-01 2025-03-31 10650810 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10650810 c:FullAccounts 2024-04-01 2025-03-31 10650810 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10650810 2 2024-04-01 2025-03-31 10650810 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 10650810









L K ADVISORY SERVICES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
L K ADVISORY SERVICES LTD
REGISTERED NUMBER: 10650810

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,672
1,482

Current assets
  

Debtors: amounts falling due within one year
 6 
22,600
23,889

Cash at bank and in hand
  
601,909
505,735

  
624,509
529,624

Creditors: amounts falling due within one year
 7 
(36,173)
(37,646)

Net current assets
  
 
 
588,336
 
 
491,978

Total assets less current liabilities
  
590,008
493,460

  

Net assets
  
590,008
493,460


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
589,908
493,360

  
590,008
493,460


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 August 2025.



L V Kaplan
Director

Page 1

 
L K ADVISORY SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

L K Advisory Services Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover comprises revenue recognised by the company in respect of consultancy services during the year. An adjustment to sales is made for services provided that span the year end. 

 
2.4

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

 
2.5

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 2

 
L K ADVISORY SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Office equipment
-
25%
straight line

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 3

 
L K ADVISORY SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.
Accruals
The company makes an estimate of accruals at the year end based on invoices received after the year end and work undertaken which has not been invoiced based on quotations or estimates of amounts that may be due for payment.


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 4

 
L K ADVISORY SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2024
5,062


Additions
1,205



At 31 March 2025

6,267



Depreciation


At 1 April 2024
3,580


Charge for the year on owned assets
1,015



At 31 March 2025

4,595



Net book value



At 31 March 2025
1,672



At 31 March 2024
1,482


6.


Debtors

2025
2024
£
£


Trade debtors
15,000
15,000

Prepayments and accrued income
7,600
8,889

22,600
23,889


Page 5

 
L K ADVISORY SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Corporation tax
29,639
33,184

Other taxation and social security
2,621
-

Other creditors
2,113
2,662

Accruals and deferred income
1,800
1,800

36,173
37,646



8.


Related party transactions

At the reporting date, the company owed £1,691 (2024: £1,197) to L V  Kaplan, a director, which is included in other creditors. The balance was provided interest free and is repayable on demand.
At the reporting date, the company owed £nil (2024: £1,465) to M R Kaplan, a director, which is included in other creditors. The balance was provided interest free and is repayable on demand.
There have been no further transactions with related parties during the year that are material and have not been conducted under normal market conditions.

 
Page 6