1 May 2023 false No description of principal activity Taxfiler 2024.5 14036060business:PrivateLimitedCompanyLtd2023-05-012024-04-30 140360602023-04-30 140360602023-05-012024-04-30 14036060business:AuditExemptWithAccountantsReport2023-05-012024-04-30 14036060business:AbridgedAccounts2023-05-012024-04-30 140360602024-04-30 14036060business:Director12023-05-012024-04-30 14036060business:Director22023-05-012024-04-30 14036060business:RegisteredOffice2023-05-012024-04-30 140360602023-04-30 14036060core:WithinOneYear2024-04-30 14036060core:WithinOneYear2023-04-30 14036060core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 14036060core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 14036060core:SharePremiumcore:PreviouslyStatedAmount2024-04-30 14036060core:SharePremiumcore:PreviouslyStatedAmount2023-04-30 14036060core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 14036060core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 14036060core:PreviouslyStatedAmount2024-04-30 14036060core:PreviouslyStatedAmount2023-04-30 14036060business:SmallEntities2023-05-012024-04-30 14036060countries:EnglandWales2023-05-012024-04-30 14036060core:ComputerEquipment2023-05-012024-04-30 140360602022-04-082023-04-30 iso4217:GBP xbrli:pure
Company Registration No. 14036060 (England and Wales)
RATED LABS LTD Unaudited accounts for the year ended 30 April 2024
RATED LABS LTD Unaudited accounts Contents
Page
- 2 -
RATED LABS LTD Company Information for the year ended 30 April 2024
Directors
Ilias Elias Simos Kyriakos Aris Koliopoulos
Company Number
14036060 (England and Wales)
Registered Office
12 NEW FETTER LANE LONDON ENGLAND EC4A 1JP ENGLAND
Accountants
Vicente Kewley Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
- 3 -
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of RATED LABS LTD for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of RATED LABS LTD for the year ended 30 April 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of RATED LABS LTD, as a body, in accordance with the terms of our engagement letter dated 1 June 2022. Our work has been undertaken solely to prepare for your approval the accounts of RATED LABS LTD and state those matters that we have agreed to state to the Board of Directors of RATED LABS LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RATED LABS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that RATED LABS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of RATED LABS LTD. You consider that RATED LABS LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of RATED LABS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Vicente Kewley Accountancy Limited Chartered Accountants 71-75 Shelton Street London WC2H 9JQ 12 August 2024
- 4 -
RATED LABS LTD Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,466 
2,777 
Investments
- 
190,452 
6,466 
193,229 
Current assets
Debtors
19,537 
28,050 
Cash at bank and in hand
10,730,625 
1,323,432 
10,750,162 
1,351,482 
Creditors: amounts falling due within one year
(14,791)
(19,975)
Net current assets
10,735,371 
1,331,507 
Total assets less current liabilities
10,741,837 
1,524,736 
Provisions for liabilities
Deferred tax
(1,616)
(977)
Net assets
10,740,221 
1,523,759 
Capital and reserves
Called up share capital
186 
70 
Share premium
12,154,177 
2,140,805 
Profit and loss account
(1,414,142)
(617,116)
Shareholders' funds
10,740,221 
1,523,759 
For the year ending 30 April 2024 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 12 August 2024 and were signed on its behalf by
Ilias Elias Simos Director Company Registration No. 14036060
- 5 -
RATED LABS LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
RATED LABS LTD is a private company, limited by shares, registered in England and Wales, registration number 14036060. The registered office is 12 NEW FETTER LANE, LONDON, ENGLAND, EC4A 1JP, ENGLAND.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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.
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:
Computer equipment
5 years for computer hardware and 3 years for computer accessories
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The current expected corporation tax is 25%. Deferred tax assets and liabilities are not discounted.
- 6 -
RATED LABS LTD Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 May 2023
2,953 
Additions
4,640 
At 30 April 2024
7,593 
Depreciation
At 1 May 2023
176 
Charge for the year
951 
At 30 April 2024
1,127 
Net book value
At 30 April 2024
6,466 
At 30 April 2023
2,777 
5
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 7 -