Interrupt Labs (Australia) Limited 14188782 false 2022-07-01 2023-12-31 2023-12-31 The principal activity of the company is the provision of vulnerability research services. Digita Accounts Production Advanced 6.30.9574.0 true true true 14188782 2022-07-01 2023-12-31 14188782 2023-12-31 14188782 bus:OrdinaryShareClass1 2023-12-31 14188782 core:CurrentFinancialInstruments 2023-12-31 14188782 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 14188782 core:FurnitureFittingsToolsEquipment 2023-12-31 14188782 core:ParentEntities 2023-12-31 14188782 bus:SmallEntities 2022-07-01 2023-12-31 14188782 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-12-31 14188782 bus:FullAccounts 2022-07-01 2023-12-31 14188782 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-12-31 14188782 bus:RegisteredOffice 2022-07-01 2023-12-31 14188782 bus:Director1 2022-07-01 2023-12-31 14188782 bus:Director2 2022-07-01 2023-12-31 14188782 bus:OrdinaryShareClass1 2022-07-01 2023-12-31 14188782 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-12-31 14188782 core:ComputerEquipment 2022-07-01 2023-12-31 14188782 core:FurnitureFittingsToolsEquipment 2022-07-01 2023-12-31 14188782 core:OfficeEquipment 2022-07-01 2023-12-31 14188782 core:ParentEntities 2022-07-01 2023-12-31 14188782 core:ParentEntities core:RenderingOrReceivingServices 2022-07-01 2023-12-31 14188782 1 2022-07-01 2023-12-31 14188782 countries:England 2022-07-01 2023-12-31 14188782 2021-07-01 2022-06-30 14188782 2022-06-30 14188782 bus:OrdinaryShareClass1 2022-06-30 14188782 core:CurrentFinancialInstruments 2022-06-30 14188782 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14188782

Interrupt Labs (Australia) Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 July 2022 to 31 December 2023

 

Interrupt Labs (Australia) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Interrupt Labs (Australia) Limited

Company Information

Directors

A Chopping

J Loureiro

Registered office

Matrix House
Basing View
Basingstoke
Hampshire
RG21 4DZ

Accountants

Tax Innovations Limited
Innovations House
19 Staple Gardens
Winchester
Hampshire
SO23 8SR

 

Interrupt Labs (Australia) Limited

(Registration number: 14188782)
Balance Sheet as at 31 December 2023

Note

2023
$

2022
$

Fixed assets

 

Tangible assets

4

19,391

-

Current assets

 

Debtors

5

4,969

2

Cash at bank and in hand

 

4,718

-

 

9,687

2

Creditors: Amounts falling due within one year

6

(781,663)

-

Net current (liabilities)/assets

 

(771,976)

2

Net (liabilities)/assets

 

(752,585)

2

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

(752,587)

-

Shareholders' (deficit)/funds

 

(752,585)

2

 

Interrupt Labs (Australia) Limited

(Registration number: 14188782)
Balance Sheet as at 31 December 2023

For the financial period ending 31 December 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 February 2024 and signed on its behalf by:
 

.........................................
J Loureiro
Director

 

Interrupt Labs (Australia) Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 December 2023

1

General information

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

The address of its registered office is:
Matrix House
Basing View
Basingstoke
Hampshire
RG21 4DZ
United Kingdom

These financial statements were authorised for issue by the Board on 27 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.

The presentation currency of these financial statements is Australian Dollars($) being the currency of the primary economic market in which the entity operates (its functional currency). All amounts in these financial statements have been rounded to the nearest dollar 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, notwithstanding the fact that as at 31 December 2023 total liabilities exceeded total assets by $752,585.

This basis is dependent upon the on-going support of the creditors of the company, none of whom have indicated their intention to withdraw their support.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Interrupt Labs (Australia) Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 December 2023

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

Computer equipment

Straight line over 3 years

Office equipment

Straight line over 5 years

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

 

Interrupt Labs (Australia) Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 December 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4 (2022 - 0).

4

Tangible assets

Furniture, fittings and equipment
 $

Total
$

Cost or valuation

Additions

28,725

28,725

Disposals

(735)

(735)

At 31 December 2023

27,990

27,990

Depreciation

Charge for the period

8,618

8,618

Eliminated on disposal

(19)

(19)

At 31 December 2023

8,599

8,599

Carrying amount

At 31 December 2023

19,391

19,391

5

Debtors

Current

2023
$

2022
$

Prepayments

1,776

-

Other debtors

3,193

2

4,969

2

 

Interrupt Labs (Australia) Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
$

2022
$

Due within one year

 

Trade creditors

 

4,062

-

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

698,685

-

Taxation and social security

 

45,514

-

Accruals and deferred income

 

4,500

-

Other creditors

 

28,902

-

 

781,663

-

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

$

No.

$

Ordinary 1GBP Share of $1.78 each

1

2

1

2

         

8

Related party transactions

Summary of transactions with parent

Interrupt Labs Limited
 Provision of working capital loan, repayable on demand
 

Income and receivables from related parties

2023

Parent
$

Receipt of services

425,171

2022

Expenditure with and payables to related parties

2023

Parent
$

Amounts payable to related party

698,685

 

Interrupt Labs (Australia) Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 December 2023

2022

9

Parent and ultimate parent undertaking

The company's immediate parent is Interrupt Labs Limited, incorporated in England.