2023-01-01 2023-12-31 false No description of principal activity Capium Accounts Production 1.1 10776670 bus:AbridgedAccounts 2023-01-01 2023-12-31 10776670 bus:FRS102 2023-01-01 2023-12-31 10776670 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10776670 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10776670 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10776670 2023-01-01 2023-12-31 10776670 2023-12-31 10776670 bus:RegisteredOffice 2023-01-01 2023-12-31 10776670 core:WithinOneYear 2023-12-31 10776670 core:AfterOneYear 2023-12-31 10776670 bus:Director1 2023-01-01 2023-12-31 10776670 bus:Director1 2023-12-31 10776670 bus:Director1 2022-01-01 2022-12-31 10776670 bus:Director2 2023-01-01 2023-12-31 10776670 bus:Director2 2023-12-31 10776670 bus:Director2 2022-01-01 2022-12-31 10776670 bus:Director3 2023-01-01 2023-12-31 10776670 bus:Director3 2023-12-31 10776670 bus:Director3 2022-01-01 2022-12-31 10776670 2022-01-01 10776670 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 10776670 2022-01-01 2022-12-31 10776670 2022-12-31 10776670 core:WithinOneYear 2022-12-31 10776670 core:AfterOneYear 2022-12-31 10776670 bus:EntityAccountantsOrAuditors 2022-01-01 2022-12-31 10776670 core:FurnitureFittings 2023-01-01 2023-12-31 10776670 core:FurnitureFittings 2023-12-31 10776670 core:FurnitureFittings 2022-12-31 10776670 core:ComputerEquipment 2023-01-01 2023-12-31 10776670 core:ComputerEquipment 2023-12-31 10776670 core:ComputerEquipment 2022-12-31 10776670 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-12-31 10776670 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-12-31 10776670 core:NetGoodwill 2023-01-01 2023-12-31 10776670 core:NetGoodwill 2023-12-31 10776670 core:NetGoodwill 2022-12-31 10776670 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 10776670 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 10776670 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-12-31 10776670 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 10776670 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 10776670 core:Non-currentFinancialInstruments 2023-12-31 10776670 core:Non-currentFinancialInstruments 2022-12-31 10776670 core:ShareCapital 2023-12-31 10776670 core:ShareCapital 2022-12-31 10776670 core:RetainedEarningsAccumulatedLosses 2023-12-31 10776670 core:RetainedEarningsAccumulatedLosses 2022-12-31 10776670 dpl:Item1 2023-01-01 10776670 dpl:Item1 2023-12-31 10776670 dpl:Item1 2022-01-01 10776670 dpl:Item1 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 10776670
England and Wales

 

 

 

GB LABS SUPPORT LTD


Abridged Accounts
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 4 2,970    3,960 
2,970    3,960 
Current assets      
Debtors 341,765    347,871 
Cash at bank and in hand 21,520    13,782 
363,285    361,653 
Creditors: amount falling due within one year (641,721)   (503,208)
Net current assets (278,436)   (141,555)
 
Total assets less current liabilities (275,466)   (137,595)
Creditors: amount falling due after more than one year (18,333)   (28,333)
Provisions for liabilities (564)   (753)
Net assets (294,363)   (166,681)
 

Capital and reserves
     
Called up share capital 1,000    1,000 
Profit and loss account (295,363)   (167,681)
Shareholders' funds (294,363)   (166,681)
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 23 September 2024 and were signed on its behalf by:


-------------------------------
Ms S Delve
Director
1
General Information
GB Labs Support Ltd is a private company, limited by shares, registered in England and Wales, registration number 10776670, registration address Unit 1-2 Orpheus House, Calleva Park Aldermaston, Reading, United Kingdom, RG7 8TA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
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.
Going concern
The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
Turnover
Turnover represents net invoiced sales of services, excluding value added tax. Turnover is recognised when the Company obtains the right to consideration.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income, 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 statement of financial position date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year and and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Intangible assets
On the 1st September 2017 the company acquired the business carried out by a partnership under common control.
Goodwill
The goodwill arising on the acquisition is being amortised so as to allocate the cost of the intangibles less there residual values over there estimated useful lives, using the straight line method over 5 years.

If there is an indication that there has been a significant change in amortisation rate or residual value of an asset, the amortisation of that asset is revised prospectively to reflect the new expectations.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:


Fixtures and fittings - 25% on Reducing balance

Computer Equipment - 25% on Reducing balance

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.


If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured at initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.
Creditors
Short term 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 subsequently measured at amortised costs using the effective interest method.
2.

Average number of employees

Average number of employees during the year was 4 (2022 : 6).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 January 2023 235,429    235,429 
Additions  
Disposals  
At 31 December 2023 235,429    235,429 
Amortisation
At 01 January 2023 235,429    235,429 
Charge for year  
On disposals  
At 31 December 2023 235,429    235,429 
Net book values
At 31 December 2023  
At 31 December 2022  


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 January 2023 717    6,629    7,346 
Additions    
Disposals    
At 31 December 2023 717    6,629    7,346 
Depreciation
At 01 January 2023 562    2,824    3,386 
Charge for year 39    951    990 
On disposals    
At 31 December 2023 601    3,775    4,376 
Net book values
Closing balance as at 31 December 2023 116    2,854    2,970 
Opening balance as at 01 January 2023 155    3,805    3,960 


5.

Debtors: amounts falling due within one year

.   2023
£
  2022
£
Trade Debtors 86,242  67,114 
Amounts Owed by Group Undertakings 226,097  277,817 
Prepayments & Accrued Income 2,846  2,940 
Other Debtors 200 
VAT 26,380 
341,765  347,871 

6.

Creditors: amounts falling due within one year

.   2023
£
  2022
£
Trade Creditors 2,324  185 
Bank Loans & Overdrafts (Secured) 10,000  10,000 
Corporation Tax 46,228 
PAYE & Social Security 5,117  3,737 
Accrued Expenses 577,378  461,273 
Other Creditors 674  4,481 
VAT 23,532 
641,721  503,208 

7.

Creditors: amounts falling due after more than one year

.   2023
£
  2022
£
Bank Loans & Overdrafts (Secured) 18,333  28,333 
18,333  28,333 

8.

Secured Debts

On the 12th January 2022 a charge was registered in favour of Lloyds bank Plc. The charge contains a fixed charge over the company's fixed assets.
9.

Related Party Disclosure

During the period the directors were also directors of GB Labs Ltd, GB Labs (USA) Ltd, Video Rescue Ltd and GB labs (Holdings) Ltd.

The following transactions were carried out with the companies:
Sales £268,736 (2022 - £236,826)
Purchases £6,209 (2022 - £9,488)
Management charges £274,766 (2022 - £70,269)

At 31st December 2023 the company was owed £200,183 (2022 - £243,124) by GB Labs Ltd and £25,915 (2022 - £34,693) by GB Labs Corp Inc . These balances are included in amounts owed by group companies.

In the opinion of directors, the above transactions were carried out under normal market conditions.
10.

Ultimate Controlling Party

The controlling party is GB Labs (Holdings) Ltd.


The ultimate controlling party is D E W Harland.


The residential address and principal place of business of the parent company is the same as that of the company.
2