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REGISTERED NUMBER: 11250207 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 March 2023

for

Laborsing UK Safety Products Limited

Laborsing UK Safety Products Limited (Registered number: 11250207)






Contents of the Financial Statements
for the Year Ended 30 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Laborsing UK Safety Products Limited

Company Information
for the Year Ended 30 March 2023







DIRECTORS: Q Li
Dr D H Wickett





REGISTERED OFFICE: Unit 5
The Links Industrial Park Trafalgar Way
Bar Hill
Cambridge
CB23 8UD





REGISTERED NUMBER: 11250207 (England and Wales)





ACCOUNTANTS: Wilson & Co
Chartered Certified Accountants
3rd Floor
9 St. Clare Street
London
EC3N 1LQ

Laborsing UK Safety Products Limited (Registered number: 11250207)

Balance Sheet
30 March 2023

30.3.23 30.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,985 6,394

CURRENT ASSETS
Stocks 329,540 390,522
Debtors 5 49,307 89,934
Cash at bank 4,828 1,898
383,675 482,354
CREDITORS
Amounts falling due within one year 6 937,857 948,267
NET CURRENT LIABILITIES (554,182 ) (465,913 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(550,197

)

(459,519

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (550,297 ) (459,619 )
(550,197 ) (459,519 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Laborsing UK Safety Products Limited (Registered number: 11250207)

Balance Sheet - continued
30 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:





Q Li - Director


Laborsing UK Safety Products Limited (Registered number: 11250207)

Notes to the Financial Statements
for the Year Ended 30 March 2023

1. STATUTORY INFORMATION

Laborsing UK Safety Products Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Laborsing UK Safety Products Limited (Registered number: 11250207)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 31 March 2022 4,060 8,585 12,645
Additions - 150 150
At 30 March 2023 4,060 8,735 12,795
DEPRECIATION
At 31 March 2022 1,624 4,627 6,251
Charge for year 812 1,747 2,559
At 30 March 2023 2,436 6,374 8,810
NET BOOK VALUE
At 30 March 2023 1,624 2,361 3,985
At 30 March 2022 2,436 3,958 6,394

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 30.3.22
£    £   
Trade debtors 16,457 51,950
Other debtors 32,850 37,984
49,307 89,934

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 30.3.22
£    £   
Taxation and social security 1,771 2,264
Other creditors 936,086 946,003
937,857 948,267

7. OTHER FINANCIAL COMMITMENTS

At the year end the company had total commitments under operating leases expiring after more than 5 years of £341,250 (£2021: £390,000).

Laborsing UK Safety Products Limited (Registered number: 11250207)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 March 2023 and 30 March 2022:

30.3.23 30.3.22
£    £   
Q Li
Balance outstanding at start of year (928,254 ) (702,869 )
Amounts repaid 1,602 -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (926,652 ) (928,254 )