Company Registration No. 11093638 (England and Wales)
ARGENT LABS LIMITED
Unaudited accounts
for the year ended 31 December 2023
ARGENT LABS LIMITED
Unaudited accounts
Contents
ARGENT LABS LIMITED
Company Information
for the year ended 31 December 2023
Directors
Itamar LESUISSE
Julien Gregoire Georges Niset
Kung- Yu Matthew Huang
Company Number
11093638 (England and Wales)
Registered Office
5 New Street Square
LONDON
EC4A 3TW
UNITED KINGDOM
Accountants
Arth Limited
655 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
ARGENT LABS LIMITED
Statement of financial position
as at 31 December 2023
Intangible assets
13,553
16,633
Tangible assets
81,955
56,349
Investments
955,450
887,862
Cash at bank and in hand
20,532,787
25,595,916
Creditors: amounts falling due within one year
(6,309)
(95,874)
Net current assets
20,699,058
25,615,498
Net assets
21,750,016
26,576,342
Called up share capital
6
6
Share premium
37,887,681
37,887,681
Profit and loss account
(16,137,671)
(11,311,345)
Shareholders' funds
21,750,016
26,576,342
For the year ending 31 December 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 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 12 September 2024 and were signed on its behalf by
Itamar LESUISSE
Director
Company Registration No. 11093638
ARGENT LABS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
ARGENT LABS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11093638. The registered office is 5 New Street Square, LONDON, EC4A 3TW, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the company continues to adopt the going concern basis of accounting in preparing the financial statements.
Expenditure on research and development is written off in the year in which it is incurred.
ARGENT LABS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Other
At 31 December 2023
30,800
At 31 December 2023
17,247
At 31 December 2023
13,553
At 31 December 2022
16,633
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
713
4,283
102,431
107,427
Additions
-
-
51,322
51,322
At 31 December 2023
713
4,283
153,753
158,749
At 1 January 2023
505
2,290
48,283
51,078
Charge for the year
179
618
24,919
25,716
At 31 December 2023
684
2,908
73,202
76,794
At 31 December 2023
29
1,375
80,551
81,955
At 31 December 2022
208
1,993
54,148
56,349
6
Investments
Other investments
Valuation at 1 January 2023
887,862
Fair value adjustments
67,588
Valuation at 31 December 2023
955,450
Amounts falling due within one year
Accrued income and prepayments
76,337
79,378
ARGENT LABS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
8
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
(103)
(1,865)
Trade creditors
7,251
38,333
Taxes and social security
(22,441)
-
Other creditors
9,102
41,000
9
Average number of employees
During the year the average number of employees was 18 (2022: 13).