07081193falseMaking, recording and marketing music2022-12-012023-11-30http://www.companieshouse.gov.uk/2022-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2022-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2022-11-30http://www.companieshouse.gov.uk/cd:Director12022-12-012023-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2023-11-30http://www.companieshouse.gov.uk/pt:SharePremium2022-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-11-30http://www.companieshouse.gov.uk/cd:Director22022-12-012023-11-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-11-30http://www.companieshouse.gov.uk/pt:SharePremium2023-11-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-11-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-11-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-12-012023-11-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-11-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-12-012023-11-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-12-012023-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-11-30http://www.companieshouse.gov.uk/2022-12-012023-11-30http://www.companieshouse.gov.uk/2022-11-30http://www.companieshouse.gov.uk/cd:FRS1022022-12-012023-11-30http://www.companieshouse.gov.uk/2023-11-30http://www.companieshouse.gov.uk/cd:FullAccounts2022-12-012023-11-30http://www.companieshouse.gov.uk/pt:LandBuildings2022-11-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-12-012023-11-30http://www.companieshouse.gov.uk/pt:LandBuildings2023-11-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 07081193

Lab Records Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023

Prepared By:
David Williamson Limited
Chartered Certified Accountants
12b Darwin Court
Hawking Place
Blackpool
FY2 0JN

Lab Records Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
DIRECTORS
Mark Orr
Scott Brothman
REGISTERED OFFICE
5 Ladybower Lane
Poulton-le-Fylde
FY6 7FY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07081193
ACCOUNTANTS
David Williamson Limited
Chartered Certified Accountants
12b Darwin Court
Hawking Place
Blackpool
FY2 0JN

Lab Records Limited

ACCOUNTS
FOR THEYEARENDED30/11/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Lab Records Limited

BALANCE SHEET AT 30/11/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3182,401185,387
CURRENT ASSETS
Stock1,250980
Debtors5118,191109,661
Current Asset Investments626,99711,941
Cash at bank and in hand445,353421,579
591,791544,161
CREDITORS: Amounts falling due within one year7208,722181,067
NET CURRENT ASSETS383,069363,094
TOTAL ASSETS LESS CURRENT LIABILITIES565,470548,481
CAPITAL AND RESERVES
Called up share capital833
Share premium account915,99915,999
Profit and loss account549,468532,479
SHAREHOLDERS' FUNDS565,470548,481
For the year ending 30/11/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12/08/2024 and signed on their behalf by
.............................
Mark Orr
Director

Lab Records Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 20%
Fixtures and Fittingsreducing balance 20%
Equipmentreducing balance 33%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20232022
No.No.
Average number of employees22

Lab Records Limited

3. TANGIBLE FIXED ASSETS
Land AndPlant andFixtures
BuildingsMachineryand FittingsEquipmentTotal
£££££
Cost
At 01/12/2022176,11049383218,053195,488
At 30/11/2023176,11049383218,053195,488
Depreciation
At 01/12/2022-3434069,35210,101
For the year-30852,8712,986
At 30/11/2023-37349112,22313,087
Net Book Amounts
At 30/11/2023176,1101203415,830182,401
At 30/11/2022176,1101504268,701185,387
4. STOCK 20232022
££
Stock comprises:
Stock1,250980
1,250980
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors86,92699,240
VAT1,01110,421
Directors current account30,254-
118,191109,661
6. CURRENT ASSET INVESTMENTS
20232022
££
Other investments26,99711,941
26,99711,941

Lab Records Limited

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax13,05933,389
PAYE control429549
Directors current account-67
Mortgage126,00063,750
Credit card5,8692,018
Other creditors-62,483
Accruals63,36518,811
208,722181,067
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
3 Ordinary shares of £1 each33
33
9. SHARE PREMIUM ACCOUNT 20232022
££
Share premium account15,99915,999
10. DIRECTORS LOAN ACCOUNT
The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:
Mr M Orr30/11/202330/11/2022
££
Balance outstanding at the start of the year(68)1989
Amounts advanced30640539
Amounts repaid(317)(2595)
Balance outstanding at the end of the year30255(68)
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