Company Registration No. 13697344 (England and Wales)
NETTLE LABS LTD
Unaudited accounts
for the year ended 31 October 2023
NETTLE LABS LTD
Unaudited accounts
Contents
NETTLE LABS LTD
Company Information
for the year ended 31 October 2023
Directors
Afzaal Mauthoor
Ricky Mehta
Company Number
13697344 (England and Wales)
Registered Office
DOWGATE HILL HOUSE,
14 - 16 DOWGATE HILL
LONDON
EC4R 2SU
UNITED KINGDOM
Accountants
Arth Limited
655 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
NETTLE LABS LTD
Statement of financial position
as at 31 October 2023
Called up share capital not paid
84
885
Tangible assets
3,083
5,035
Cash at bank and in hand
12,175
158,190
Creditors: amounts falling due within one year
(18,023)
(15,915)
Net current (liabilities)/assets
(4,201)
199,790
Net (liabilities)/assets
(1,034)
205,710
Called up share capital
921
921
Share premium
481,402
473,465
Profit and loss account
(483,357)
(268,676)
Shareholders' funds
(1,034)
205,710
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 July 2024 and were signed on its behalf by
Afzaal Mauthoor
Director
Company Registration No. 13697344
NETTLE LABS LTD
Notes to the Accounts
for the year ended 31 October 2023
NETTLE LABS LTD is a private company, limited by shares, registered in England and Wales, registration number 13697344. The registered office is DOWGATE HILL HOUSE,, 14 - 16 DOWGATE HILL, LONDON, EC4R 2SU, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
The accounts have been prepared on going concern basis. During this year end period that client has continued to suffer losses and there is negative net worth.
4
Tangible fixed assets
Computer equipment
NETTLE LABS LTD
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Accrued income and prepayments
-
5,000
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
12,717
10,346
Taxes and social security
9,265
5,569
Loans from directors
(6,324)
-
During the year and at the end of year, an amount of £5,523 has been advanced to the director of the company, this has been repaid within 9 months after the year end
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).