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Registration number: 08859851

CC Lab Consultant Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2022

 

CC Lab Consultant Limited

Contents

Company Information

1

Profit and Loss Account

2

Balance Sheet

3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 9

 

CC Lab Consultant Limited

Company Information

Director

S Iumiento

Registered office

5th Floor
7/10 Chandos Street
Cavendish Square
London
W1G 9DQ

 

CC Lab Consultant Limited

Profit and Loss Account for the Year Ended 31 December 2022

Note

2022
£

2021
£

Turnover

 

507,384

281,282

Cost of sales

 

(175,492)

(15,029)

Gross profit

 

331,892

266,253

Administrative expenses

 

(331,368)

(364,473)

Operating profit/(loss)

 

524

(98,220)

Profit/(loss) before tax

524

(98,220)

Profit/(loss) for the financial year

 

524

(98,220)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

CC Lab Consultant Limited

(Registration number: 08859851)
Balance Sheet as at 31 December 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

2,545

5,855

Investments

5

4,434

4,408

 

6,979

10,263

Current assets

 

Debtors

6

1,082,260

114,465

Cash at bank and in hand

 

409,588

46,501

 

1,491,848

160,966

Creditors: Amounts falling due within one year

7

(1,546,491)

(219,417)

Net current liabilities

 

(54,643)

(58,451)

Net liabilities

 

(47,664)

(48,188)

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

(48,664)

(49,188)

Shareholders' deficit

 

(47,664)

(48,188)

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 November 2023
 

.........................................
S Iumiento
Director

 

CC Lab Consultant Limited

Statement of Changes in Equity for the Year Ended 31 December 2022

Share capital
£

Retained earnings
£

Total
£

At 1 January 2022

1,000

(49,188)

(48,188)

Profit for the year

-

524

524

At 31 December 2022

1,000

(48,664)

(47,664)

Share capital
£

Retained earnings
£

Total
£

At 1 January 2021

1,000

49,032

50,032

Loss for the year

-

(98,220)

(98,220)

At 31 December 2021

1,000

(49,188)

(48,188)

 

CC Lab Consultant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
5th Floor
7/10 Chandos Street
Cavendish Square
London
W1G 9DQ

These financial statements were authorised for issue by the director on 24 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in UK Sterling pounds (£).

Going concern

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with teh stage of completion of the contract.

Interest income is recognised using the effective interest method.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

CC Lab Consultant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment, Fixtures & Fittings

25% Straight Line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

CC Lab Consultant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors,loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
 Recognition and measurement
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective impairment is found, an impairment loss is recognised in Profit or Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2021 - 2).

 

CC Lab Consultant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 January 2022

8,750

7,233

15,983

At 31 December 2022

8,750

7,233

15,983

Depreciation

At 1 January 2022

6,996

3,132

10,128

Charge for the year

1,523

1,787

3,310

At 31 December 2022

8,519

4,919

13,438

Carrying amount

At 31 December 2022

231

2,314

2,545

At 31 December 2021

1,754

4,101

5,855

5

Investments

2022
£

2021
£

Investments in subsidiaries

4,434

4,408

Subsidiaries

£

Cost or valuation

At 1 January 2022

4,408

Revaluation

26

At 31 December 2022

4,434

Provision

Carrying amount

At 31 December 2022

4,434

At 31 December 2021

4,408

6

Debtors

 

CC Lab Consultant Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Current

2022
£

2021
£

Trade debtors

766,800

114,194

Prepayments

37

203

Other debtors

315,423

68

 

1,082,260

114,465

7

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

trade creditors

84,255

196,801

Taxation and social security

7,650

8,993

Other creditors

1,454,586

13,623

1,546,491

219,417