lateral accounting ltd
lateral accounting ltd Company Information
Company Number
07190448
Website
www.lateralaccounting.comRegistered Address
2 chestnut road, kingston upon thames, KT2 5AP
Industry
Bookkeeping activities
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Directors
Janet Knapton14 Years
Shareholders
janet knapton 100%
lateral accounting ltd Estimated Valuation
Pomanda estimates the enterprise value of LATERAL ACCOUNTING LTD at £13.2k based on a Turnover of £13.6k and 0.97x industry multiple (adjusted for size and gross margin).
lateral accounting ltd Estimated Valuation
Pomanda estimates the enterprise value of LATERAL ACCOUNTING LTD at £0 based on an EBITDA of £-213 and a 4.3x industry multiple (adjusted for size and gross margin).
lateral accounting ltd Estimated Valuation
Pomanda estimates the enterprise value of LATERAL ACCOUNTING LTD at £49.5k based on Net Assets of £11.3k and 4.37x industry multiple (adjusted for liquidity).
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Lateral Accounting Ltd Overview
Lateral Accounting Ltd is a live company located in kingston upon thames, KT2 5AP with a Companies House number of 07190448. It operates in the bookkeeping activities sector, SIC Code 69202. Founded in March 2010, it's largest shareholder is janet knapton with a 100% stake. Lateral Accounting Ltd is a established, micro sized company, Pomanda has estimated its turnover at £13.6k with declining growth in recent years.
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Lateral Accounting Ltd Health Check
Pomanda's financial health check has awarded Lateral Accounting Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £13.6k, make it smaller than the average company (£83.2k)
- Lateral Accounting Ltd
£83.2k - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (4.7%)
- Lateral Accounting Ltd
4.7% - Industry AVG
Production
with a gross margin of 74.4%, this company has a comparable cost of product (74.4%)
- Lateral Accounting Ltd
74.4% - Industry AVG
Profitability
an operating margin of -5.7% make it less profitable than the average company (8%)
- Lateral Accounting Ltd
8% - Industry AVG
Employees
with 1 employees, this is below the industry average (2)
1 - Lateral Accounting Ltd
2 - Industry AVG
Pay Structure
on an average salary of £15.3k, the company has an equivalent pay structure (£15.3k)
- Lateral Accounting Ltd
£15.3k - Industry AVG
Efficiency
resulting in sales per employee of £13.6k, this is less efficient (£41.7k)
- Lateral Accounting Ltd
£41.7k - Industry AVG
Debtor Days
it gets paid by customers after 24 days, this is earlier than average (81 days)
- Lateral Accounting Ltd
81 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Lateral Accounting Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Lateral Accounting Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 82 weeks, this is more cash available to meet short term requirements (48 weeks)
82 weeks - Lateral Accounting Ltd
48 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 58.5%, this is a lower level of debt than the average (69%)
58.5% - Lateral Accounting Ltd
69% - Industry AVG
LATERAL ACCOUNTING LTD financials
Lateral Accounting Ltd's latest turnover from March 2023 is estimated at £13.6 thousand and the company has net assets of £11.3 thousand. According to their latest financial statements, Lateral Accounting Ltd has 1 employee and maintains cash reserves of £25.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | |||||||||||||
| Gross Profit | |||||||||||||
| Admin Expenses | |||||||||||||
| Operating Profit | |||||||||||||
| Interest Payable | |||||||||||||
| Interest Receivable | |||||||||||||
| Pre-Tax Profit | |||||||||||||
| Tax | |||||||||||||
| Profit After Tax | |||||||||||||
| Dividends Paid | |||||||||||||
| Retained Profit | |||||||||||||
| Employee Costs | |||||||||||||
| Number Of Employees | 1 | 1 | 1 | 1 | 1 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,016 | 0 | 1,291 | 3,803 | 4,020 | 1,332 | 1,133 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 949 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,016 | 0 | 1,291 | 4,752 | 4,020 | 1,332 | 1,133 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 930 | 8,492 | 4,232 | 3,156 | 2,082 | 3,043 | 2,508 | 2,012 | 1,329 | 595 | 0 | 4,886 | 6,136 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 5 | 5 | 5 | 5 | 5 | 0 | 0 | 0 | 0 | 0 |
| Cash | 25,316 | 9,641 | 15,435 | 6,304 | 5,193 | 9,520 | 7,444 | 5,012 | 3,770 | 786 | 1,983 | 5,134 | 8,476 |
| misc current assets | 0 | 4,366 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 26,246 | 22,499 | 19,667 | 9,465 | 7,280 | 12,568 | 9,957 | 7,029 | 5,099 | 1,381 | 1,983 | 10,020 | 14,612 |
| total assets | 27,262 | 22,499 | 20,958 | 14,217 | 11,300 | 13,900 | 11,090 | 7,029 | 5,099 | 1,381 | 1,983 | 10,020 | 14,612 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,999 | 1,281 | 1,883 | 5,134 | 10,259 |
| Group/Directors Accounts | 1,481 | 0 | 2,785 | 237 | 166 | 3,767 | 2,290 | 266 | 0 | 0 | 0 | 4,786 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 14,453 | 11,137 | 9,988 | 3,920 | 3,876 | 4,666 | 4,224 | 2,675 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 15,934 | 11,137 | 12,773 | 4,157 | 4,042 | 8,433 | 6,514 | 2,941 | 4,999 | 1,281 | 1,883 | 9,920 | 10,259 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 15,934 | 11,137 | 12,773 | 4,157 | 4,042 | 8,433 | 6,514 | 2,941 | 4,999 | 1,281 | 1,883 | 9,920 | 10,259 |
| net assets | 11,328 | 11,362 | 8,185 | 10,060 | 7,258 | 5,467 | 4,576 | 4,088 | 100 | 100 | 100 | 100 | 4,353 |
| total shareholders funds | 11,328 | 11,362 | 8,185 | 10,060 | 7,258 | 5,467 | 4,576 | 4,088 | 100 | 100 | 100 | 100 | 4,353 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | |||||||||||||
| Depreciation | 563 | 2,207 | 2,512 | 2,510 | 1,191 | 883 | 566 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -7,562 | 4,260 | 122 | 2,023 | -961 | 535 | 496 | 688 | 734 | 595 | -4,886 | -1,250 | 6,136 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,999 | 3,718 | -602 | -3,251 | -5,125 | 10,259 |
| Accruals and Deferred Income | 3,316 | 1,149 | 6,068 | 44 | -790 | 442 | 1,549 | 2,675 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,481 | -2,785 | 2,548 | 71 | -3,601 | 1,477 | 2,024 | 266 | 0 | 0 | -4,786 | 4,786 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | |||||||||||||
| cash flow from financing | |||||||||||||
| cash and cash equivalents | |||||||||||||
| cash | 15,675 | -5,794 | 9,131 | 1,111 | -4,327 | 2,076 | 2,432 | 1,242 | 2,984 | -1,197 | -3,151 | -3,342 | 8,476 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 15,675 | -5,794 | 9,131 | 1,111 | -4,327 | 2,076 | 2,432 | 1,242 | 2,984 | -1,197 | -3,151 | -3,342 | 8,476 |
lateral accounting ltd Credit Report and Business Information
Lateral Accounting Ltd Competitor Analysis
Perform a competitor analysis for lateral accounting ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in KT2 area or any other competitors across 12 key performance metrics.
lateral accounting ltd Ownership
LATERAL ACCOUNTING LTD group structure
Lateral Accounting Ltd has no subsidiary companies.
Ultimate parent company
LATERAL ACCOUNTING LTD
07190448
lateral accounting ltd directors
Lateral Accounting Ltd currently has 1 director, Ms Janet Knapton serving since Mar 2010.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Janet Knapton | England | 42 years | Mar 2010 | - | Director |
P&L
March 2023turnover
13.6k
-68%
operating profit
-776.8
0%
gross margin
74.5%
-5.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
11.3k
0%
total assets
27.3k
+0.21%
cash
25.3k
+1.63%
net assets
Total assets minus all liabilities
lateral accounting ltd company details
company number
07190448
Type
Private limited with Share Capital
industry
69202 - Bookkeeping activities
incorporation date
March 2010
age
14
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
jknapton accounting ltd (April 2014)
accountant
J TANNA & CO LIMITED
auditor
-
address
2 chestnut road, kingston upon thames, KT2 5AP
Bank
-
Legal Advisor
-
lateral accounting ltd Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to lateral accounting ltd.
lateral accounting ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
