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LABS CONSULTING LTD

Registered Number
13362445
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

LABS CONSULTING LTD
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

BRIGGS, Lloyd Alan

Registered Address

15 Riverside Studios Amethyst Road
Newcastle Business Park
Newcastle Upon Tyne
NE4 7YL

Registered Number

13362445 (England and Wales)
LABS CONSULTING LTD
Statement of Financial Position
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets36,9032,270
6,9032,270
Current assets
Debtors18,91521,311
Cash at bank and on hand1,067155
19,98221,466
Creditors amounts falling due within one year(12,330)(5,370)
Net current assets (liabilities)7,65216,096
Total assets less current liabilities14,55518,366
Net assets14,55518,366
Capital and reserves
Called up share capital11
Profit and loss account14,55418,365
Shareholders' funds14,55518,366
The financial statements were approved and authorised for issue by the Director on 15 July 2024, and are signed on its behalf by:
BRIGGS, Lloyd Alan
Director
Registered Company No. 13362445
LABS CONSULTING LTD
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment4
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 May 232,531
Additions6,097
At 30 April 248,628
Depreciation and impairment
At 01 May 23261
Charge for year1,464
At 30 April 241,725
Net book value
At 30 April 246,903
At 30 April 232,270