IRIS Accounts Production v25.2.0.378 08958695 Board of Directors 1.2.24 31.1.25 31.1.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 08958695 2024-01-31 08958695 2025-01-31 08958695 2024-02-01 2025-01-31 08958695 2023-01-31 08958695 2023-02-01 2024-01-31 08958695 2024-01-31 08958695 ns15:EnglandWales 2024-02-01 2025-01-31 08958695 ns14:PoundSterling 2024-02-01 2025-01-31 08958695 ns10:Director1 2024-02-01 2025-01-31 08958695 ns10:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 08958695 ns10:SmallEntities 2024-02-01 2025-01-31 08958695 ns10:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 08958695 ns10:SmallCompaniesRegimeForDirectorsReport 2024-02-01 2025-01-31 08958695 ns10:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 08958695 ns10:FullAccounts 2024-02-01 2025-01-31 08958695 ns10:Director2 2024-02-01 2025-01-31 08958695 ns10:CompanySecretary1 2024-02-01 2025-01-31 08958695 ns10:RegisteredOffice 2024-02-01 2025-01-31 08958695 ns5:CurrentFinancialInstruments 2025-01-31 08958695 ns5:CurrentFinancialInstruments 2024-01-31 08958695 ns5:Non-currentFinancialInstruments 2025-01-31 08958695 ns5:Non-currentFinancialInstruments 2024-01-31 08958695 ns5:ShareCapital 2025-01-31 08958695 ns5:ShareCapital 2024-01-31 08958695 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-01-31 08958695 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-01-31 08958695 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 08958695 ns5:RetainedEarningsAccumulatedLosses 2024-01-31 08958695 ns5:PlantMachinery 2024-02-01 2025-01-31 08958695 1 2024-02-01 2025-01-31 08958695 ns5:PlantMachinery 2024-01-31 08958695 ns5:PlantMachinery 2025-01-31 08958695 ns5:PlantMachinery 2024-01-31 08958695 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-01-31 08958695 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-01-31

REGISTERED NUMBER: 08958695 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

LAPCO CONSULTANCY LTD

LAPCO CONSULTANCY LTD (REGISTERED NUMBER: 08958695)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

LAPCO CONSULTANCY LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JANUARY 2025

| DIRECTORS: | T D Cecil

| M G Coleman

| SECRETARY: | E A Sinclair

| REGISTERED OFFICE: | 3 The Courtyard

| Shapwick

| Bridgwater

| Somerset

| TA7 9LQ

| REGISTERED NUMBER: | 08958695 (England and Wales)

| ACCOUNTANTS: | LK Davies Limited

| 3 The Courtyard

| Shapwick

| Bridgwater

| Somerset

| TA7 9LQ

LAPCO CONSULTANCY LTD (REGISTERED NUMBER: 08958695)

BALANCE SHEET

31 JANUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 3,394 |  | 3,596 |  |

CURRENT ASSETS

Debtors | 5 | 6,500 |  | 18,915 |  |

Cash at bank | 9,362 |  | 44,495 |  |

15,862 |  | 63,410 |  |

CREDITORS

Amounts falling due within one year | 6 | 12,373 |  | 48,573 |  |

NET CURRENT ASSETS | 3,489 |  | 14,837 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 6,883 |  | 18,433 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 1,601 |  | 6,459 |  |

NET ASSETS | 5,282 |  | 11,974 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Other reserves | 6,799 |  | 6,799 |  |

Retained earnings | (1,519 | ) | 5,173 |  |

5,282 |  | 11,974 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

LAPCO CONSULTANCY LTD (REGISTERED NUMBER: 08958695)

BALANCE SHEET - continued

31 JANUARY 2025

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2025 and were signed on its behalf by:

T D Cecil - Director

LAPCO CONSULTANCY LTD (REGISTERED NUMBER: 08958695)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1. | STATUTORY INFORMATION

| Lapco Consultancy 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

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

| Training & Consultancy

| Revenue is recognised when training service is delivered or by reference to the stage of completion at the end of a accounting period.

| Software services

| Revenue is earned for the provision of services, per organisation and users associated with the organisation, over a contractual period. The customer is required to make payments to continue to benefit from the service. In the event that they cease paying they lose the legal right to continue to use the software. The company can restrict or stop the use of the software. Income is recognised on a straight line basis over the term of the contract.

| 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 | - | 25% on reducing balance

| Taxation

| Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Share based payments

| Where share options are awarded to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest.

LAPCO CONSULTANCY LTD (REGISTERED NUMBER: 08958695)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

2. | ACCOUNTING POLICIES - continued

| Other reserves

| The company maintains a share option reserve.

| Costs

| Software development costs

| Qualify for capitalisation when can demonstrate:

| technical feasibility of completing the development so that a first version (V1) will be available to use or licence

| intention to complete the development of V1 so available to use or licence

| ability to use or licence the intangible

| how the intangible asset will generate probable future economic benefits

| existence of a market for the intangible asset

| availability of adequate technical, financial and other resources to complete the development

| ability to measure reliably the expenditure attributable to the development of the intangible asset.

| Commercial viability of new products is not proven until all high risk development issues are resolved through testing and resolution of prelaunch versions. This occurs just before software service is made available for . licence. Accordingly development costs are not capitalised.

| Expenditure incurred to enhance a software service after general release is expensed to profit and loss account as incurred and included in research and development costs in the profit and loss account.

| Consultancy

| Costs incurred that are directly attributable to enhancements provided to customers are included in cost of sales consultancy.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 4 ) .

LAPCO CONSULTANCY LTD (REGISTERED NUMBER: 08958695)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 February 2024 | 7,971 |  |

| Additions | 880 |  |

| At 31 January 2025 | 8,851 |  |

| DEPRECIATION

| At 1 February 2024 | 4,375 |  |

| Charge for year | 1,082 |  |

| At 31 January 2025 | 5,457 |  |

| NET BOOK VALUE

| At 31 January 2025 | 3,394 |  |

| At 31 January 2024 | 3,596 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 6,500 |  | 18,915 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 4,858 |  | 4,739 |  |

| Trade creditors | - |  | 3,676 |  |

| Taxation and social security | 2,008 |  | 2,061 |  |

| Other creditors | 5,507 |  | 38,097 |  |

12,373 |  | 48,573 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 1,601 |  | 6,459 |  |

8. | SHARE-BASED PAYMENT TRANSACTIONS

| During the year ended 31 January 2021 the company established a EMI Share Option Scheme and granted options over 7,778 D ordinary shares. The options vest over a four year period based on the performance target achievement. At the end of the financial year options over 7,778 shares were exercisable.