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REGISTERED NUMBER: 08592403 (England and Wales)















Labtaq Limited

Unaudited Financial Statements for the Year Ended 31 July 2023






Labtaq Limited (Registered number: 08592403)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Labtaq Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mr W F Page





REGISTERED OFFICE: Mytogen House
11 Browning Road
Heathfield
East Sussex
TN21 8DB





REGISTERED NUMBER: 08592403 (England and Wales)





ACCOUNTANTS: Swindells LLP
Chartered Accountants
Atlantic House
8 Bell Lane
Bellbrook Industrial Estate
Uckfield
East Sussex
TN22 1QL

Labtaq Limited (Registered number: 08592403)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 13,515

CURRENT ASSETS
Stocks - 36,183
Debtors 5 1,530 872
Cash at bank and in hand 5,714 3,823
7,244 40,878
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

17,640

64,585
NET CURRENT LIABILITIES (10,396 ) (23,707 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,396

)

(10,192

)

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

7

-

1,389
NET LIABILITIES (10,396 ) (11,581 )

CAPITAL AND RESERVES
Called up share capital 8 400 400
Retained earnings (10,796 ) (11,981 )
SHAREHOLDERS' FUNDS (10,396 ) (11,581 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Labtaq Limited (Registered number: 08592403)

Balance Sheet - continued
31 July 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 March 2024 and were signed by:





Mr W F Page - Director


Labtaq Limited (Registered number: 08592403)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Labtaq 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
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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 Profit and loss account, 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.


Labtaq Limited (Registered number: 08592403)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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 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.

Break up basis
The company ceased trading as at the balance sheet date. Accordingly, the accounts have been prepared on a break up basis.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 August 2022 105 17,914 18,019
Disposals (105 ) (17,914 ) (18,019 )
At 31 July 2023 - - -
DEPRECIATION
At 1 August 2022 26 4,478 4,504
Eliminated on disposal (26 ) (4,478 ) (4,504 )
At 31 July 2023 - - -
NET BOOK VALUE
At 31 July 2023 - - -
At 31 July 2022 79 13,436 13,515

Labtaq Limited (Registered number: 08592403)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 174
Other debtors 1,530 698
1,530 872

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 3,333
Trade creditors - 397
Taxation and social security 3,489 -
Other creditors 14,151 60,855
17,640 64,585

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 1,389

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
400 Ordinary £1 400 400

9. RELATED PARTY DISCLOSURES

Dividends were paid to the director in the year totalling £17,300 (2022: £4,000).

At the balance sheet date the company owed £12,321 (2022 - £60,000) to companies with common control. These balances are unsecured, interest free and repayable on demand.

10. PARENT COMPANY

The company's parent company is Mytogen Limited, a company registered in England and Wales with the registered office address of Mytogen House, 11 Browning Road, Heathfield, East Sussex, England, TN21 8DB.