Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31No description of principal activity42023-09-01false4falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02719620 2023-09-01 2024-08-31 02719620 2024-08-31 02719620 2022-09-01 2023-08-31 02719620 2023-08-31 02719620 c:CompanySecretary1 2023-09-01 2024-08-31 02719620 c:Director2 2023-09-01 2024-08-31 02719620 c:RegisteredOffice 2023-09-01 2024-08-31 02719620 d:PlantMachinery 2023-09-01 2024-08-31 02719620 d:PlantMachinery 2024-08-31 02719620 d:PlantMachinery 2023-08-31 02719620 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 02719620 d:MotorVehicles 2023-09-01 2024-08-31 02719620 d:MotorVehicles 2024-08-31 02719620 d:MotorVehicles 2023-08-31 02719620 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 02719620 d:OfficeEquipment 2023-09-01 2024-08-31 02719620 d:OfficeEquipment 2024-08-31 02719620 d:OfficeEquipment 2023-08-31 02719620 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 02719620 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 02719620 d:CurrentFinancialInstruments 2024-08-31 02719620 d:CurrentFinancialInstruments 2023-08-31 02719620 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 02719620 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 02719620 d:ShareCapital 2024-08-31 02719620 d:ShareCapital 2023-08-31 02719620 d:RetainedEarningsAccumulatedLosses 2024-08-31 02719620 d:RetainedEarningsAccumulatedLosses 2023-08-31 02719620 c:FRS102 2023-09-01 2024-08-31 02719620 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 02719620 c:FullAccounts 2023-09-01 2024-08-31 02719620 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 02719620 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
Company registration number: 02719620







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2024


LABCELL LIMITED






































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LABCELL LIMITED
 


 
COMPANY INFORMATION


Director
Mr I Coates 




Company secretary
Mr I Coates



Registered number
02719620



Registered office
Victoria House
Victoria Road

Farnborough

Hampshire

GU14 7PG




Trading Address
Unit 3a Mansfield Business Park

Four Marks

Alton

Hampshire

GU34 5PZ






Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG





 


LABCELL LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6

 


LABCELL LIMITED
REGISTERED NUMBER:02719620



STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
26,778
25,106

  
26,778
25,106

Current assets
  

Stocks
  
92,138
81,545

Debtors: amounts falling due within one year
 5 
417,506
390,781

Cash at bank and in hand
  
216,580
206,616

  
726,224
678,942

Creditors: amounts falling due within one year
 6 
(313,740)
(275,637)

Net current assets
  
 
 
412,484
 
 
403,305

Total assets less current liabilities
  
439,262
428,411

Provisions for liabilities
  

Deferred tax
  
(936)
(2,435)

  
 
 
(936)
 
 
(2,435)

Net assets
  
438,326
425,976


Capital and reserves
  

Called up share capital 
  
5
5

Profit and loss account
  
438,321
425,971

  
438,326
425,976

Page 1

 


LABCELL LIMITED
REGISTERED NUMBER:02719620


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

................................................
Mr I Coates
Director

Date: 25 October 2024

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 


LABCELL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Labcell Limited is a private company limited by shares incorporated in England. The address of the registered office and principal place of business  is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 


LABCELL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
33% straight line
Motor vehicles
-
25% straight line
Equipment
-
15% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 4

 


LABCELL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost 


At 1 September 2023
31,929
12,800
57,046
101,775


Additions
2,248
-
12,516
14,764


Disposals
(6,281)
-
-
(6,281)



At 31 August 2024

27,896
12,800
69,562
110,258



Depreciation


At 1 September 2023
14,109
9,600
52,960
76,669


Charge for the year on owned assets
8,396
3,200
1,496
13,092


Disposals
(6,281)
-
-
(6,281)



At 31 August 2024

16,224
12,800
54,456
83,480



Net book value



At 31 August 2024
11,672
-
15,106
26,778



At 31 August 2023
17,820
3,200
4,086
25,106

Page 5

 


LABCELL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Debtors

2024
2023
£
£


Trade debtors
168,459
191,494

Amounts owed by group undertakings
226,750
179,985

Prepayments and accrued income
22,297
19,302

417,506
390,781



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
156,044
147,130

Amounts owed to group undertakings
13,174
-

Corporation tax
24,044
17,727

Other taxation and social security
40,785
43,359

Other creditors
61,879
57,287

Accruals and deferred income
17,814
10,134

313,740
275,637


 
Page 6