REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 December 2023 |
for |
SORINT.LAB UK LIMITED |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 December 2023 |
for |
SORINT.LAB UK LIMITED |
SORINT.LAB UK LIMITED (REGISTERED NUMBER: 10066999) |
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 |
SORINT.LAB UK LIMITED |
Company Information |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants and Statutory Auditors |
38 Craven Street |
London |
WC2N 5NG |
SORINT.LAB UK LIMITED (REGISTERED NUMBER: 10066999) |
Balance Sheet |
31 DECEMBER 2023 |
2023 | 2022 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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 |
SORINT.LAB UK LIMITED (REGISTERED NUMBER: 10066999) |
Notes to the Financial Statements |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
Sorint.LAB UK Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going concern |
The financial statements have been prepared on the going concern basis. The director considers this appropriate as it is expected that the shareholder of the company will continue to support, for a period of at least twelve months from signing of the financial statements, in order for the company to settle its liabilities as they fall due. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable on the goods and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity. The company's main activity can described as the sales of providing consultancy and services to accelerate digital transformation. |
Tangible fixed assets |
Plant & machinery 33.33% straight line |
Taxation |
Taxation for the year comprises current and deferred 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 or deferred 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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
SORINT.LAB UK LIMITED (REGISTERED NUMBER: 10066999) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
2. | ACCOUNTING POLICIES - continued |
Debtors |
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. |
Creditors |
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 January 2023 |
Additions |
At 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
SORINT.LAB UK LIMITED (REGISTERED NUMBER: 10066999) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
8. | RELATED PARTY DISCLOSURES |
During the year, the company received goods and services from Sorint.Lab SpA for the amount of £ 27,937 (2022 :£25,071) and recharged fee in relation to services provided for the amount of £75,672 (2022: £47,883). |
During the year, the company recharged fees for services to Sorint Lab DE for the amount of £695 (2022: £Nil). |
During the year, the company recharged fees for services to Sorint Lab Spain for the amount of nil (2022: £29,104). |
During the year, the company recharged fees for services to Sorint Lab US for the amount of £44,210 (2022: £Nil). |
The balance owed to Sorint.Lab SpA Italy at the end of the year amounted to £1,283,085 (2022: £693,128). |
The balance owed from Sorint.Lab DE at the end of the year amounted to £695 (2022: £Nil). |
The balance owed from Sorint.Lab Spain at the end of the year was nil (2022: £34,931). |
The balance owed from Sorint.Lab US at the end of the year amounted to £42,279 (2022: £Nil). |
The balance owed from Sorint.Lab SpA at the end of the year amounted to £44,782 (2022: £Nil). |
9. | ULTIMATE CONTROLLING PARTY |
The immediate parent undertaking is Sorint.lab S.p.A, a company registered in Italy. |
The ultimate parent undertaking and the smallest and largest group to consolidate these financial statements is Sorint.lab S.p.A. |
Copies of the Sorint.lab S.p.A consolidated financial statements can be obtained from the Company Secretary at Via Zanica 17, 24050 Grassobbio ( BG) Italy. |
The ultimate controlling party is Ms Annalisa Cortellini, Ms Chiara Marilli and Ms Marta Marilli.(parent company's shareholders who jointly co-operate to control the company). |