REGISTERED NUMBER: 10968420 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Lancesoft Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Property, plant and equipment

4

340

-

CURRENT ASSETS

Debtors

5

1,158,010

1,134,999

Cash at bank

104,688

152,912

1,262,698

1,287,911

CREDITORS

Amounts falling due within one year

6

464,460

556,200

NET CURRENT ASSETS

798,238

731,711

TOTAL ASSETS LESS CURRENT LIABILITIES

798,578

731,711

CREDITORS

Amounts falling due after more than one year

7

802,753

616,438

NET (LIABILITIES)/ASSETS

(4,175

)

115,273

CAPITAL AND RESERVES

Called up share capital

8

77

77

Retained earnings

(4,252

)

115,196

(4,175

)

115,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 11 September 2025 and were signed on its behalf by:

Mr Rajendra Prasad Sharma - Director

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 21 (2023 - 30 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 January 2024

437

Additions

400

At 31 December 2024

837

DEPRECIATION

At 1 January 2024

437

Charge for year

60

At 31 December 2024

497

NET BOOK VALUE

At 31 December 2024

340

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1,128,645

1,099,997

Other debtors

29,365

35,002

1,158,010

1,134,999

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

117,463

44,985

Taxation and social security

61,300

173,755

Other creditors

285,697

337,460

464,460

556,200

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

802,753

616,438

Amounts falling due in more than five years:

Repayable by instalments

Other loans

802,753

616,438

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