Labbrook Limited 02975805 true 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the provision of I T Consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true Mr David Todd true 02975805 2023-01-01 2023-12-31 02975805 2023-12-31 02975805 bus:OrdinaryShareClass1 2023-12-31 02975805 core:RetainedEarningsAccumulatedLosses 2023-12-31 02975805 core:ShareCapital 2023-12-31 02975805 core:CurrentFinancialInstruments 2023-12-31 02975805 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 02975805 core:FurnitureFittingsToolsEquipment 2023-12-31 02975805 bus:FRS102 2023-01-01 2023-12-31 02975805 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02975805 bus:FullAccounts 2023-01-01 2023-12-31 02975805 bus:RegisteredOffice 2023-01-01 2023-12-31 02975805 bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 02975805 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 02975805 bus:EntityNoLongerTradingButTradedInPast 2023-01-01 2023-12-31 02975805 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02975805 core:PlantMachinery 2023-01-01 2023-12-31 02975805 countries:EnglandWales 2023-01-01 2023-12-31 02975805 2022-12-31 02975805 core:FurnitureFittingsToolsEquipment 2022-12-31 02975805 2022-12-31 02975805 bus:OrdinaryShareClass1 2022-12-31 02975805 core:RetainedEarningsAccumulatedLosses 2022-12-31 02975805 core:ShareCapital 2022-12-31 02975805 core:CurrentFinancialInstruments 2022-12-31 02975805 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02975805

Labbrook Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Labbrook Limited

Profit and Loss Account for the Year Ended 31 December 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Labbrook Limited

(Registration number: 02975805)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

420

420

Cash at bank and in hand

 

12,715

12,715

 

13,135

13,135

Creditors: Amounts falling due within one year

6

(7,414)

(7,414)

Net assets

 

5,721

5,721

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

5,719

5,719

Shareholders' funds

 

5,721

5,721

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 his 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.

Approved and authorised by the director on 5 February 2024
 

.........................................
Mr David Todd
Company secretary and director

 

Labbrook Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

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

The address of its registered office is:
Edinburgh House
1-5 Bellevue Road
Clevedon
North Somerset
BS21 7NP

These financial statements were authorised for issue by the director on 5 February 2024.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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

Plant and machinery

33.33% straight line basis

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.

 

Labbrook Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Labbrook Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

5,878

5,878

At 31 December 2023

5,878

5,878

Depreciation

At 1 January 2023

5,878

5,878

At 31 December 2023

5,878

5,878

Carrying amount

At 31 December 2023

-

-

4

Debtors

5

Cash and cash equivalents

2023
£

2022
£

Cash at bank

12,715

12,715

6

Creditors

Note

2023
£

2022
£

Due within one year

 

Amounts due to related parties

6,414

6,414

Accruals

 

1,000

1,000

 

7,414

7,414

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2