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Company Registration No. 13573730 (England and Wales)
Developer Labs Limited Unaudited accounts for the year ended 31 August 2023
Developer Labs Limited Unaudited accounts Contents
Page
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Developer Labs Limited Company Information for the year ended 31 August 2023
Director
Manikanta Srinivas Pattigulla
Company Number
13573730 (England and Wales)
Registered Office
15 Hariana Close Whitehouse Miltonkeynes MK8 1DG
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Developer Labs Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
9,600 
10,800 
Tangible assets
616 
- 
10,216 
10,800 
Current assets
Debtors
15,000 
- 
Cash at bank and in hand
81,155 
22,677 
96,155 
22,677 
Net current assets
96,155 
22,677 
Total assets less current liabilities
106,371 
33,477 
Creditors: amounts falling due after more than one year
(90,154)
(24,939)
Net assets
16,217 
8,538 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
16,215 
8,536 
Shareholders' funds
16,217 
8,538 
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 November 2023 and were signed on its behalf by
Manikanta Srinivas Pattigulla Director Company Registration No. 13573730
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Developer Labs Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Developer Labs Limited is a private company, limited by shares, registered in England and Wales, registration number 13573730. The registered office is 15 Hariana Close, Whitehouse, Miltonkeynes, MK8 1DG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% reduce balance basis
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2022
12,000 
At 31 August 2023
12,000 
Amortisation
At 1 September 2022
1,200 
Charge for the year
1,200 
At 31 August 2023
2,400 
Net book value
At 31 August 2023
9,600 
At 31 August 2022
10,800 
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Developer Labs Limited Notes to the Accounts for the year ended 31 August 2023
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2022
- 
Additions
770 
At 31 August 2023
770 
Depreciation
Charge for the year
154 
At 31 August 2023
154 
Net book value
At 31 August 2023
616 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
15,000 
- 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,727 
9,376 
Other creditors
4,106 
3,155 
Taxes and social security
22,689 
5,287 
Loans from directors
55,632 
7,121 
90,154 
24,939 
8
Average number of employees
During the year the average number of employees was 3 (2022: 4).
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