REGISTERED NUMBER: 05714522 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Lateral Strategy Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

I J Rodgers

SECRETARY:

Miss K J Palmer

REGISTERED OFFICE:

Prince William House

10 Lower Church Street

Ashby de la Zouch

Leicestershire

LE65 1AB

REGISTERED NUMBER:

05714522 (England and Wales)

ACCOUNTANTS:

The Profit Key Limited

Prince William House

10 Lower Church Street

Ashby de la Zouch

Leicestershire

LE65 1AB

BANKERS:

HSBC

62 Market Street

Ashby De La Zouch

Leicestershire

LE65 1BE

FIXED ASSETS

Tangible assets

4

315

-

CURRENT ASSETS

Debtors

5

1,164

106,042

Investments

6

8,165

-

Cash at bank

80,408

2,961

89,737

109,003

CREDITORS

Amounts falling due within one year

7

39,071

59,671

NET CURRENT ASSETS

50,666

49,332

TOTAL ASSETS LESS CURRENT LIABILITIES

50,981

49,332

PROVISIONS FOR LIABILITIES

60

-

NET ASSETS

50,921

49,332

CAPITAL AND RESERVES

Called up share capital

8

202

202

Retained earnings

50,719

49,130

SHAREHOLDERS' FUNDS

50,921

49,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2025 and were signed by:

I J Rodgers - Director

1.	STATUTORY INFORMATION

Lateral Strategy Limited 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred 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 or deferred 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Loans from directors

Any loans from the directors to the company are interest free and repayable on demand.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 March 2024

9,141

6,663

15,804

Additions

-

473

473

At 28 February 2025

9,141

7,136

16,277

DEPRECIATION

At 1 March 2024

9,141

6,663

15,804

Charge for year

-

158

158

At 28 February 2025

9,141

6,821

15,962

NET BOOK VALUE

At 28 February 2025

-

315

315

At 29 February 2024

-

-

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

104,878

Tax

1,164

1,164

1,164

106,042

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Other

8,165

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

9,122

8,692

Other creditors

23,234

28,079

Directors' current accounts

5,201

21,394

Accrued expenses

1,514

1,506

39,071

59,671

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

100

Ordinary A shares

£1

100

100

100

Ordinary B shares

£1

100

100

202

202