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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
Page
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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
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ARGENT LABS LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
13,553 
16,633 
Tangible assets
81,955 
56,349 
Investments
955,450 
887,862 
1,050,958 
960,844 
Current assets
Debtors
172,580 
115,456 
Cash at bank and in hand
20,532,787 
25,595,916 
20,705,367 
25,711,372 
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 
Capital and reserves
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
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ARGENT LABS LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Going concern
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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ARGENT LABS LIMITED Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
30,800 
At 31 December 2023
30,800 
Amortisation
At 1 January 2023
14,167 
Charge for the year
3,080 
At 31 December 2023
17,247 
Net book value
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 
Depreciation
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 
Net book value
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 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
39,987 
36,078 
Accrued income and prepayments
76,337 
79,378 
Other debtors
56,256 
- 
172,580 
115,456 
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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 
Accruals
12,500 
18,406 
6,309 
95,874 
9
Average number of employees
During the year the average number of employees was 18 (2022: 13).
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