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REGISTERED NUMBER: 12786724 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Microbiome Labs UK Ltd

Microbiome Labs UK Ltd (Registered number: 12786724)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Microbiome Labs UK Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: A Liepa
Mrs S C Warris-Liepa





REGISTERED OFFICE: Russell Chambers
61A North Street
Keighley
West Yorkshire
BD21 3LS





REGISTERED NUMBER: 12786724 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Microbiome Labs UK Ltd (Registered number: 12786724)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 - 3

CURRENT ASSETS
Stocks 6 154,575 73,279
Debtors 7 248,768 155,029
Cash at bank 241,389 574,583
644,732 802,891
CREDITORS
Amounts falling due within one year 8 (215,270 ) (317,125 )
NET CURRENT ASSETS 429,462 485,766
TOTAL ASSETS LESS CURRENT
LIABILITIES

429,462

485,769

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 429,362 485,669
SHAREHOLDERS' FUNDS 429,462 485,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

Microbiome Labs UK Ltd (Registered number: 12786724)

Statement of Financial Position - continued
31 August 2024



The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:





A Liepa - Director


Microbiome Labs UK Ltd (Registered number: 12786724)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Microbiome Labs UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 tax
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 end 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates 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 transaction. Exchange differences are taken into account in arriving at the operating result.

Microbiome Labs UK Ltd (Registered number: 12786724)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2023
and 31 August 2024 310
DEPRECIATION
At 1 September 2023 307
Charge for year 3
At 31 August 2024 310
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 3

6. STOCKS
31.8.24 31.8.23
£    £   
Stocks 154,575 73,279

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 247,880 144,671
Other debtors 100 100
VAT - 7,807
Prepayments and accrued income 788 2,451
248,768 155,029

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 1,484 258,485
Amounts owed to group undertakings 8,604 20,000
Tax 81,069 36,640
VAT 22,248 -
Accrued expenses 101,865 2,000
215,270 317,125

Microbiome Labs UK Ltd (Registered number: 12786724)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. CONTROLLING PARTY

The immediate parent company is TMC Ventures Europe Ltd. The registered office of which is Russell Chambers, 61a North Street, Keighley, West Yorkshire, England, BD21 3DS.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Microbiome Labs UK Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Microbiome Labs UK Ltd for the year ended 31 August 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Microbiome Labs UK Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Microbiome Labs UK Ltd and state those matters that we have agreed to state to the Board of Directors of Microbiome Labs UK Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Microbiome Labs UK Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Microbiome Labs UK Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Microbiome Labs UK Ltd. You consider that Microbiome Labs UK Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Microbiome Labs UK Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


5 November 2024