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REGISTERED NUMBER: 13007059 (England and Wales)


LarkyLabs Limited

Unaudited Financial Statements

for the Year Ended 30 June 2023






LarkyLabs Limited (Registered number: 13007059)






Contents of the Financial Statements
for the year ended 30 June 2023




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


LarkyLabs Limited

Company Information
for the year ended 30 June 2023







DIRECTOR: Ms R Alkan





REGISTERED OFFICE: 239-241 Kennington Lane
London
SE11 5QU





REGISTERED NUMBER: 13007059 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
LarkyLabs Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of LarkyLabs Limited for the year ended 30 June 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of LarkyLabs Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of LarkyLabs Limited and state those matters that we have agreed to state to the director of LarkyLabs Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LarkyLabs Limited and its director for our work or for this report.

It is your duty to ensure that LarkyLabs Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of LarkyLabs Limited. You consider that LarkyLabs Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of LarkyLabs Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


15 March 2024

LarkyLabs Limited (Registered number: 13007059)

Statement of Financial Position
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,190 2,087

CURRENT ASSETS
Debtors 5 2,129 8,728
Cash at bank and in hand 42,408 35,905
44,537 44,633
CREDITORS
Amounts falling due within one year 6 98,917 66,009
NET CURRENT LIABILITIES (54,380 ) (21,376 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(52,190

)

(19,289

)

PROVISIONS FOR LIABILITIES 7 417 397
NET LIABILITIES (52,607 ) (19,686 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (52,707 ) (19,786 )
SHAREHOLDERS' FUNDS (52,607 ) (19,686 )

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

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

The director acknowledges her 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.

LarkyLabs Limited (Registered number: 13007059)

Statement of Financial Position - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 March 2024 and were signed by:





Ms R Alkan - Director


LarkyLabs Limited (Registered number: 13007059)

Notes to the Financial Statements
for the year ended 30 June 2023

1. STATUTORY INFORMATION

LarkyLabs 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

Turnover is recognised when the company obtains the right to consideration and it is derived from the ordinary activities of the business.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


LarkyLabs Limited (Registered number: 13007059)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 July 2022 2,742 240 2,982
Additions 650 - 650
At 30 June 2023 3,392 240 3,632
DEPRECIATION
At 1 July 2022 823 72 895
Charge for year 513 34 547
At 30 June 2023 1,336 106 1,442
NET BOOK VALUE
At 30 June 2023 2,056 134 2,190
At 30 June 2022 1,919 168 2,087

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 6,687
Tax 1,922 1,866
Prepayments 207 175
2,129 8,728

LarkyLabs Limited (Registered number: 13007059)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 36 36
Tax - 1,866
Social security and other taxes 854 575
Net wages control account - 6,032
Directors' current accounts 96,827 56,300
Accrued expenses 1,200 1,200
98,917 66,009

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 417 397

Deferred
tax
£   
Balance at 1 July 2022 397
Charge to Statement of Income and Retained Earnings during year 20
Balance at 30 June 2023 417

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 July 2022 (19,786 )
Deficit for the year (32,921 )
At 30 June 2023 (52,707 )

LarkyLabs Limited (Registered number: 13007059)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

10. RELATED PARTY DISCLOSURES

1. The company paid rent of £1,020 (2022 - £1,020) to director for use of residence as office.

2. Included within creditors are amounts due to key management personnel at balance sheet date of £96,827.(2022-£56,300)