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REGISTERED NUMBER: 14964224 (England and Wales)















Unaudited Financial Statements

for the Period

27 June 2023 to 31 December 2023

for

Latent Labs Limited

Latent Labs Limited (Registered number: 14964224)






Contents of the Financial Statements
for the Period 27 June 2023 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Latent Labs Limited

Company Information
for the Period 27 June 2023 to 31 December 2023







DIRECTOR: S Kohl





SECRETARY: Oakwood Corporate Secretary Limited





REGISTERED OFFICE: 3rd Floor, 1 Ashley Road
Altrincham
Cheshire
WA14 2DT





REGISTERED NUMBER: 14964224 (England and Wales)





ACCOUNTANTS: Jacksons Accountants (Ascot) Limited
The Old Bakehouse
Course Road
Ascot
Berkshire
SL5 7HL

Latent Labs Limited (Registered number: 14964224)

Balance Sheet
31 December 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 6,504

CURRENT ASSETS
Debtors 5 37,968
Cash at bank 604,872
642,840
CREDITORS
Amounts falling due within one year 6 32,810
NET CURRENT ASSETS 610,030
TOTAL ASSETS LESS CURRENT
LIABILITIES

616,534

CAPITAL AND RESERVES
Called up share capital 80
Share premium 784,922
Retained earnings (168,468 )
SHAREHOLDERS' FUNDS 616,534

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 June 2024 and were signed by:





S Kohl - Director


Latent Labs Limited (Registered number: 14964224)

Notes to the Financial Statements
for the Period 27 June 2023 to 31 December 2023

1. STATUTORY INFORMATION

Latent Labs 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost

Taxation
Taxation for the period 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

Latent Labs Limited (Registered number: 14964224)

Notes to the Financial Statements - continued
for the Period 27 June 2023 to 31 December 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 6,808
At 31 December 2023 6,808
DEPRECIATION
Charge for period 304
At 31 December 2023 304
NET BOOK VALUE
At 31 December 2023 6,504

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 4,541
Corporation tax 23,029
VAT 9,073
Prepayments 1,325
37,968

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 7,786
Accrued expenses 25,024
32,810