Lateral Channel Limited in Hove, BN3 5HA

Description

Data updated on: 01-11-2023

This particular Lateral Channel Limited business has been in this business for twelve years, having launched in 2012. Registered with number 08083012, Lateral Channel was set up as a Private Limited Company with office in 20 Ruskin Road, Hove BN3 5HA. The business name of the firm got changed in 2013 to Lateral Channel Limited. The company previous business name was Modral. The enterprise's SIC and NACE codes are 62020 - Information technology consultancy activities. The most recent accounts were submitted for the period up to Friday 31st March 2023 and the latest annual confirmation statement was filed on Thursday 25th May 2023.

Taking into consideration this firm's constant expansion, it became necessary to formally appoint other company leaders: Jane M. and Owen M. who have been assisting each other for twelve years to exercise independent judgement of this limited company.

Previous company's names
Lateral Channel Limited 2013-06-07
Modral Limited 2012-05-25

Financial data based on annual reports

Profit & Loss
Date of Accounts	2013-03-31	2014-03-31	2015-04-30	2016-03-31	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	28 482	23 573	16	64 155

Balance Sheet
Cash Bank On Hand				41 836	78 930	122 446	259 860	204 159	190 940	183 737	256 168
Current Assets	34 485	33 132	15 317	100 782	159 171	153 093	259 860	263 263	210 884	278 472	274 289
Debtors	19 092	27 958		58 946	80 241	30 647		59 104	19 944	94 735	18 121
Net Assets Liabilities				64 155	118 194	130 558	216 782	214 605	197 986	247 105	299 147
Other Debtors										790	984
Property Plant Equipment					999	3 193	1 713	733		1 696	1 079
Cash Bank In Hand	15 393	5 174	15 317	41 836
Net Assets Liabilities Including Pension Asset Liability	28 482	23 572	16	64 155
Tangible Fixed Assets	2 045	1 334

Capital & Reserves
Called Up Share Capital	10	10	10	10
Profit Loss Account Reserve	28 472	23 563	6	64 145
Shareholder Funds	28 482	23 573	16	64 155

Other Financial Data
Version Production Software								2 020			2 024
Accumulated Depreciation Impairment Property Plant Equipment					500	1 245	2 725	3 705	6 572	6 726	7 343
Additions Other Than Through Business Combinations Property Plant Equipment					1 499	2 939				1 850
Creditors				36 627	41 976	25 728	44 791	49 391	12 898	33 063	-23 779
Increase From Depreciation Charge For Year Property Plant Equipment					500	745	1 480	980	733	154	617
Loans From Directors				4 771	11 938	6 429	8 159	34 939	1 855	5 311	-54 629
Net Current Assets Liabilities	26 437	22 238	16	64 155	117 195	127 365	215 069	213 872	197 986	245 409	298 068
Nominal Value Allotted Share Capital				10	10
Number Shares Allotted	10	10	10	10	10
Other Creditors				1 573	1 573	1 573	1 631	1 631	1 633	1 746	1 456
Par Value Share	1	1	1	1	1
Property Plant Equipment Gross Cost					1 499	4 438	4 438	6 572	6 572	8 422	8 422
Taxation Social Security Payable				30 283	28 465	17 726	35 001	12 821	9 410	26 006	29 394
Trade Debtors Trade Receivables				58 946	80 241	30 647		59 104	19 944	93 945	17 137
Advances Credits Directors										-5 312	54 629
Advances Credits Made In Period Directors											59 940
Amount Specific Advance Or Credit Directors										-2 656	27 314
Amount Specific Advance Or Credit Made In Period Directors											29 970
Creditors Due Within One Year	8 048	10 893	15 301	36 627
Fixed Assets	2 045	1 334
Share Capital Allotted Called Up Paid	10	10	10	10
Tangible Fixed Assets Additions	2 134
Tangible Fixed Assets Cost Or Valuation	2 134	2 134	2 134
Tangible Fixed Assets Depreciation	89	800	2 134
Tangible Fixed Assets Depreciation Charged In Period	89	711	1 334
Total Assets Less Current Liabilities	28 482	23 572	16

Company staff

Jane M.

Role: Director

Appointed: 25 May 2012

Latest update: 4 March 2024

Owen M.

Role: Director

Appointed: 25 May 2012

Latest update: 4 March 2024

People with significant control

Executives with significant control over the firm are: Jane M. owns 1/2 or less of company shares and has 1/2 or less of voting rights. Owen M. owns 1/2 or less of company shares and has 1/2 or less of voting rights.

Jane M.

Notified on 6 April 2016

Nature of control:

1/2 or less of voting rights

right to manage directors

1/2 or less of shares

Owen M.

Notified on 6 April 2016

Nature of control:

1/2 or less of voting rights

right to manage directors

1/2 or less of shares

Accounts Documents

Account next due date	31 December 2024
Account last made up date	31 March 2023
Confirmation statement next due date	08 June 2024
Confirmation statement last made up date	25 May 2023

Annual Accounts 17 June 2013
Start Date For Period Covered By Report	2012-05-25
End Date For Period Covered By Report	2013-03-31
Date Approval Accounts	17 June 2013
Annual Accounts 02 July 2014
Start Date For Period Covered By Report	2013-04-01
Date Approval Accounts	02 July 2014
Annual Accounts 21 October 2016
Start Date For Period Covered By Report	1 May 2015
Date Approval Accounts	21 October 2016
Annual Accounts
Start Date For Period Covered By Report	1 April 2016
End Date For Period Covered By Report	31 March 2017
Annual Accounts
Start Date For Period Covered By Report	1 April 2017
End Date For Period Covered By Report	31 March 2018
Annual Accounts
Start Date For Period Covered By Report	1 April 2018
End Date For Period Covered By Report	31 March 2019
Annual Accounts
Start Date For Period Covered By Report	1 April 2019
End Date For Period Covered By Report	31 March 2020
Annual Accounts
Start Date For Period Covered By Report	1 April 2020
End Date For Period Covered By Report	31 March 2021
Annual Accounts
Start Date For Period Covered By Report	1 April 2021
End Date For Period Covered By Report	31 March 2022
Annual Accounts
Start Date For Period Covered By Report	1 April 2022
End Date For Period Covered By Report	31 March 2023
Annual Accounts
End Date For Period Covered By Report	2014-03-31
Annual Accounts
End Date For Period Covered By Report	2015-04-30
Annual Accounts
End Date For Period Covered By Report	31 March 2016
Annual Accounts 01 May 2015
Date Approval Accounts	01 May 2015

Lateral Channel Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Jane M.

Owen M.

People with significant control

Jane M.

Owen M.

Accounts Documents

Company filings

Filing category

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