1 September 2022 false No description of principal activity Taxfiler 2024.5 08659285business:PrivateLimitedCompanyLtd2022-09-012023-08-31 086592852022-08-31 086592852022-09-012023-08-31 08659285business:AuditExemptWithAccountantsReport2022-09-012023-08-31 08659285business:FilletedAccounts2022-09-012023-08-31 086592852023-08-31 08659285business:Director12022-09-012023-08-31 08659285business:RegisteredOffice2022-09-012023-08-31 086592852022-08-31 08659285core:WithinOneYear2023-08-31 08659285core:WithinOneYear2022-08-31 08659285core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 08659285core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 08659285core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 08659285core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 08659285core:PreviouslyStatedAmount2023-08-31 08659285core:PreviouslyStatedAmount2022-08-31 08659285business:SmallEntities2022-09-012023-08-31 08659285countries:EnglandWales2022-09-012023-08-31 08659285core:PlantMachinery2022-09-012023-08-31 08659285core:FurnitureFittings2022-09-012023-08-31 08659285core:PlantMachinery2022-08-31 08659285core:FurnitureFittings2022-08-31 08659285core:PlantMachinery2023-08-31 08659285core:FurnitureFittings2023-08-31 08659285business:OrdinaryShareClass12022-09-012023-08-31 08659285business:OrdinaryShareClass12021-09-012022-08-31 086592852021-09-012022-08-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08659285 (England and Wales)
ITS LABORATORIES LTD Unaudited accounts for the year ended 31 August 2023
ITS LABORATORIES LTD Unaudited accounts Contents
Page
- 2 -
ITS LABORATORIES LTD Company Information for the year ended 31 August 2023
Director
Adam Grochowski
Company Number
08659285 (England and Wales)
Registered Office
UNIT 23 WADSWORTH BUSINESS CENTRE WADSWO PERIVALE GREENFORD MIDDLESEX UB6 7LQ
Accountants
Muraszko & Co Ltd 23 Wadsworth Business Centre 21 Wadsworth Road Middlesex UB6 7LQ
- 3 -
ITS LABORATORIES LTD Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
- 
73 
Creditors: amounts falling due within one year
(82,050)
(72,342)
Net current liabilities
(82,050)
(72,269)
Net liabilities
(82,050)
(72,269)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(83,050)
(73,269)
Shareholders' funds
(82,050)
(72,269)
For the year ending 31 August 2023 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 director acknowledges his 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 and authorised for issue on 29 August 2024 and were signed on its behalf by
Adam Grochowski Director Company Registration No. 08659285
- 4 -
ITS LABORATORIES LTD Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
ITS LABORATORIES LTD is a private company, limited by shares, registered in England and Wales, registration number 08659285. The registered office is UNIT 23 WADSWORTH BUSINESS CENTRE WADSWO, PERIVALE, GREENFORD, MIDDLESEX, UB6 7LQ.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Fixtures & fittings
20%
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2022
4,367 
830 
5,197 
At 31 August 2023
4,367 
830 
5,197 
Depreciation
At 1 September 2022
4,367 
830 
5,197 
At 31 August 2023
4,367 
830 
5,197 
Net book value
At 31 August 2023
- 
- 
- 
- 5 -
ITS LABORATORIES LTD Notes to the Accounts for the year ended 31 August 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
87 
VAT
- 
114 
Loans from directors
79,600 
70,341 
Accruals
2,450 
1,800 
82,050 
72,342 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 6 -