LAKE IMAGE SYSTEMS LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 3 in the financial statements, which indicates that the company is currently lossmaking and dependent on the continued financial support of its parent undertaking to meet its liabilities as they fall due. The parent has expressed its intention, without providing a binding commitment, to provide financial support for at least 12 months from the date of approval of these financial statements, including not calling in loans repayable on demand and providing such funds as are reasonably required. The directors note that the parent company has expressed a continued interest in maintaining the company's operations, however it is possible that this intention could change in the future depending on market conditions and group priorities. As stated in note 3, these events or conditions, along with the other matters as set forth in note 3, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +17.9%

  £2,888,180 → £3,406,207

• Cash

  +3.1%

  £119,909 → £123,684

• Net assets

  -1,066.5%

  £92,323 → -£892,279

• Employees

  0%

  25 → 25

• Operating profit

  +1.9%

  -£1,005,734 → -£986,341

• Profit before tax

  -3.9%

  -£1,013,656 → -£1,053,139

  lowest in 4 filed years

• Wages

  +3.5%

  £1,689,188 → £1,747,558

  highest in 4 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. LAKE IMAGE SYSTEMS LIMITED 1994-09-13 → present
2. SUNDERDALE LIMITED 1994-08-23 → 1994-09-13

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Hillier Hopkins LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 3 in the financial statements, which indicates that the company is currently lossmaking and dependent on the continued financial support of its parent undertaking to meet its liabilities as they fall due. The parent has expressed its intention, without providing a binding commitment, to provide financial support for at least 12 months from the date of approval of these financial statements, including not calling in loans repayable on demand and providing such funds as are reasonably required. The directors note that the parent company has expressed a continued interest in maintaining the company's operations, however it is possible that this intention could change in the future depending on market conditions and group priorities. As stated in note 3, these events or conditions, along with the other matters as set forth in note 3, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.”

Group structure

1. LAKE IMAGE SYSTEMS LIMITED · parent
   1. Lake Image Systems Inc 100% · United States

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.