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REGISTERED NUMBER: 09515969 (England and Wales)


Sweetart Lab Ltd

Unaudited Financial Statements

for the Year Ended 31st March 2023






Sweetart Lab Ltd (Registered number: 09515969)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


Sweetart Lab Ltd

Company Information
for the Year Ended 31st March 2023







DIRECTOR: Mrs H Maxwell Stuart





REGISTERED OFFICE: Flat4
81 Holland Road
London
W14 8HL





REGISTERED NUMBER: 09515969 (England and Wales)





ACCOUNTANTS: Naail & Co
Chartered Certified Accountants
69 Lambeth Walk
London
SE11 6DX

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Sweetart Lab Ltd

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 Balance Sheet. Readers are cautioned that the Abridged 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 Sweetart Lab Ltd for the year ended 31st March 2023 which comprise the Abridged Income Statement, Abridged Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Sweetart Lab Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sweetart Lab Ltd and state those matters that we have agreed to state to the director of Sweetart Lab Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Sweetart Lab Ltd 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 profit of Sweetart Lab Ltd. You consider that Sweetart Lab Ltd 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 Sweetart Lab Ltd. 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.






Naail & Co
Chartered Certified Accountants
69 Lambeth Walk
London
SE11 6DX


Date: .............................................

Sweetart Lab Ltd (Registered number: 09515969)

Abridged Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 5 582 776

CURRENT ASSETS
Inventories - 115
Cash at bank and in hand 6,928 10,418
6,928 10,533
CREDITORS
Amounts falling due within one year 39,063 45,380
NET CURRENT LIABILITIES (32,135 ) (34,847 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(31,553

)

(34,071

)

PROVISIONS FOR LIABILITIES 6 110 147
NET LIABILITIES (31,663 ) (34,218 )

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (31,664 ) (34,219 )
SHAREHOLDERS' FUNDS (31,663 ) (34,218 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

Sweetart Lab Ltd (Registered number: 09515969)

Abridged Balance Sheet - continued
31st March 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 23rd December 2023 and were signed by:





Mrs H Maxwell Stuart - Director


Sweetart Lab Ltd (Registered number: 09515969)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

Sweetart Lab Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 generated from the ordinary activities of the business and is recognised when the goods are delivered to the customers.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Cost is determined on a first in first out basis. Net realizable value represents estimated selling price less any additional costs to sell.


Sweetart Lab Ltd (Registered number: 09515969)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
At the balance sheet date, the company's liabilities exceeded its assets. The company is able to trade with the support of its director and in her opinion, this support will continue for the foreseeable future and for at least 13 months from the date of approval of these financial statements. The financial statements are therefore prepared on the going concern basis.

4. EMPLOYEES AND DIRECTORS

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

Sweetart Lab Ltd (Registered number: 09515969)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

5. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1st April 2022
and 31st March 2023 5,651
DEPRECIATION
At 1st April 2022 4,875
Charge for year 194
At 31st March 2023 5,069
NET BOOK VALUE
At 31st March 2023 582
At 31st March 2022 776

6. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 110 147

Deferred
tax
£   
Balance at 1st April 2022 147
Credit to Income Statement during year (37 )
Balance at 31st March 2023 110

7. CALLED UP SHARE CAPITAL

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

8. RELATED PARTY DISCLOSURES

Ms H M Stuart
Director and 100% shareholder

At the reporting date, the company owed £38,979 (2022: £45,224) to Ms Kawa. This is an interest free loan with no set repayment terms.

Sweetart Lab Ltd (Registered number: 09515969)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs H Maxwell Stuart.