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REGISTERED NUMBER: 12695119 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Laughter Lab Ltd

Laughter Lab Ltd (Registered number: 12695119)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Laughter Lab Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: A N Hatchard





SECRETARY: M E Hatchard





REGISTERED OFFICE: 14 North View
Wimbledon
London
SW19 4UJ





REGISTERED NUMBER: 12695119 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
Bennett House
The Dean
Alresford
Hampshire
SO24 9BH

Laughter Lab Ltd (Registered number: 12695119)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   

CREDITORS
Amounts falling due within one year 6 39,560 35,671
NET CURRENT LIABILITIES (39,560 ) (35,671 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(39,560

)

(35,671

)

CAPITAL AND RESERVES
Called up share capital 7 5,000 5,000
Retained earnings (44,560 ) (40,671 )
SHAREHOLDERS' FUNDS (39,560 ) (35,671 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 24 July 2024 and were signed by:





A N Hatchard - Director


Laughter Lab Ltd (Registered number: 12695119)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Laughter Lab Ltd 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.

The director considers the use of the going concern basis of accounting appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern. The financial statements have therefore been prepared on a going concern basis. The director has confirmed that she will continue to support the company and will not recall her loan if it would render the company unable to pay its liabilities as they fall due. The parent company, Governance Strategies Limited, also confirms its continued support for a period of more than 12 months from the balance sheet date and confirms that it will not recall its loan account if it would render the company unable to pay its liabilities as they fall due.

Turnover
Turnover is measured at the fair value of consideration received or receivable, excluding discounts, rebates and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of three years.

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 - 33% on cost

Taxation
Taxation for the year comprises current 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 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.

3. EMPLOYEES

The average number of employees during the year was NIL (2022 - NIL).

Laughter Lab Ltd (Registered number: 12695119)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 1,800
AMORTISATION
At 1 January 2023
and 31 December 2023 1,800
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 302
DEPRECIATION
At 1 January 2023
and 31 December 2023 302
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 34,496 30,853
Directors' current accounts 3,984 3,768
Accrued expenses 1,080 1,050
39,560 35,671

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
5,000 Ordinary £1 5,000 5,000

Laughter Lab Ltd (Registered number: 12695119)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. RELATED PARTY DISCLOSURES

A N Hatchard
Director

During the period under review the director incurred expenses on behalf of the company amounting to £216 (2022 - £359).

Governance Strategies Limited
Parent company

During the period under review Governance Strategies Limited incurred expenses on behalf of the company amounting to £3,893 (2022 - £14,416) and received income on behalf of the company amounting to £250 (2022 - £nil).

2023 2022
Amount due to related party at the balance sheet date: £ £
A N Hatchard 3,984 3,768
Governance Strategies Limited 34,496 30,853

9. ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Governance Strategies Limited, the majority shareholder.