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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
Page
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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
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NETTLE LABS LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
84 
885 
Fixed assets
Tangible assets
3,083 
5,035 
Current assets
Debtors
1,647 
57,515 
Cash at bank and in hand
12,175 
158,190 
13,822 
215,705 
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 
Capital and reserves
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
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NETTLE LABS LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Going concern
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 
£ 
Cost or valuation
At cost 
At 1 November 2022
5,859 
At 31 October 2023
5,859 
Depreciation
At 1 November 2022
824 
Charge for the year
1,952 
At 31 October 2023
2,776 
Net book value
At 31 October 2023
3,083 
At 31 October 2022
5,035 
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NETTLE LABS LTD Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,647 
14,791 
Accrued income and prepayments
- 
5,000 
Other debtors
- 
37,724 
1,647 
57,515 
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)
- 
Accruals
2,365 
- 
18,023 
15,915 
7
Loans to directors
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).
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