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COMPANY REGISTRATION NUMBER: 04306392
Lab-Med Limited
Unaudited financial statements
31 October 2023
Lab-Med Limited
Statement of financial position
31 October 2023
2023
2022
£
£
£
£
Fixed assets
9,986
12,310
------
-------
Current assets
182,285
172,301
Prepayments and accrued income
2,546
2,351
---------
---------
184,831
174,652
Creditors: amounts falling due within one year
( 90,100)
( 127,624)
---------
---------
Net current assets
94,731
47,028
---------
-------
Total assets less current liabilities
104,717
59,338
Accruals and deferred income
( 4,886)
( 5,076)
---------
-------
99,831
54,262
---------
-------
Capital and reserves
99,831
54,262
-------
-------
Notes to the financial statements
1. Employee numbers
The average number of employees during the year was 3 (2022: 3 ).
2. Directors' advances, credits and guarantees
At the balance sheet date, included within debtors is £97,182 (2022: £41,761 creditor) which is owed to the company by the directors. The maximum overdrawn balance in the year was £113,697 (2022: £122,243). Interest was charged on the loan at the official rate.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 1 March 2024 , and are signed on behalf of the board by:
J Garner
Director
Company registration number: 04306392
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 6, Brunel Business Court, Brunel Way, Thetford, Norfolk, IP24 1HP.