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Company Registration No. 06848544 (England and Wales)
FIPLAB LIMITED Unaudited accounts for the year ended 31 March 2024
FIPLAB LIMITED Unaudited accounts Contents
Page
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FIPLAB LIMITED Company Information for the year ended 31 March 2024
Directors
Rishi MODHA Anirudh SHARMA
Company Number
06848544 (England and Wales)
Registered Office
38 SCHOOL LANE CHALFONT ST PETER GERRARDS CROSS BUCKINGHAMSHIRE SL9 9BA UNITED KINGDOM
Accountants
Arth Limited 655 Milton Keynes Business Centre Foxhunter Drive Milton Keynes Buckinghamshire MK14 6GD
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FIPLAB LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
284 
Current assets
Debtors
7,542 
11,124 
Cash at bank and in hand
24,101 
121,353 
31,643 
132,477 
Creditors: amounts falling due within one year
(10,078)
(13,015)
Net current assets
21,565 
119,462 
Net assets
21,565 
119,746 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
20,565 
118,746 
Shareholders' funds
21,565 
119,746 
For the year ending 31 March 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.
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 1 August 2024 and were signed on its behalf by
Rishi MODHA Director Company Registration No. 06848544
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FIPLAB LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
FIPLAB LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06848544. The registered office is 38 SCHOOL LANE, CHALFONT ST PETER, GERRARDS CROSS, BUCKINGHAMSHIRE, SL9 9BA, 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:
Plant & machinery
25% Straight Line
Computer equipment
25% Straight Line
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
9,559 
31,450 
41,009 
At 31 March 2024
9,559 
31,450 
41,009 
Depreciation
At 1 April 2023
9,559 
31,166 
40,725 
Charge for the year
- 
284 
284 
At 31 March 2024
9,559 
31,450 
41,009 
Net book value
At 31 March 2024
- 
- 
- 
At 31 March 2023
- 
284 
284 
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FIPLAB LIMITED Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
88 
- 
Trade debtors
7,454 
11,124 
7,542 
11,124 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
10,078 
13,015 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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