Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-06-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10215722 2023-06-01 2024-05-31 10215722 2022-06-01 2023-05-31 10215722 2024-05-31 10215722 2023-05-31 10215722 c:Director1 2023-06-01 2024-05-31 10215722 d:CurrentFinancialInstruments 2024-05-31 10215722 d:CurrentFinancialInstruments 2023-05-31 10215722 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 10215722 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 10215722 d:ShareCapital 2024-05-31 10215722 d:ShareCapital 2023-05-31 10215722 d:RetainedEarningsAccumulatedLosses 2024-05-31 10215722 d:RetainedEarningsAccumulatedLosses 2023-05-31 10215722 c:OrdinaryShareClass1 2023-06-01 2024-05-31 10215722 c:OrdinaryShareClass1 2024-05-31 10215722 c:OrdinaryShareClass1 2023-05-31 10215722 c:OrdinaryShareClass2 2023-06-01 2024-05-31 10215722 c:OrdinaryShareClass2 2024-05-31 10215722 c:OrdinaryShareClass2 2023-05-31 10215722 c:FRS102 2023-06-01 2024-05-31 10215722 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10215722 c:FullAccounts 2023-06-01 2024-05-31 10215722 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10215722 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10215722









LAB (BIRMINGHAM) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
LAB (BIRMINGHAM) LIMITED
REGISTERED NUMBER: 10215722

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
25
25

  
25
25

Current assets
  

Debtors: amounts falling due within one year
 5 
145,249
104,534

Cash at bank and in hand
  
4,099
5,685

  
149,348
110,219

Creditors: amounts falling due within one year
 6 
(28,145)
(28,087)

Net current assets
  
 
 
121,203
 
 
82,132

Total assets less current liabilities
  
121,228
82,157

  

Net assets
  
121,228
82,157


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
121,128
82,057

  
121,228
82,157


Page 1

 
LAB (BIRMINGHAM) LIMITED
REGISTERED NUMBER: 10215722
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 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 on 1 November 2024.




L A Burns
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
LAB (BIRMINGHAM) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 10215722.  The Company's registered office is Sterling House, 71 Francis Road, Edgbaston, Birmingham, B16 8SP.
                                                                                              
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

The following principal accounting policies have been applied:

 
2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
LAB (BIRMINGHAM) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

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 measured subsequently at amortised cost using the effective interest method.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Fixed asset investments





Investments in associates

£



Cost or valuation


At 1 June 2023
25



At 31 May 2024
25




Investments in associates
The company holds a 50% share in Chronos Energy & Utilities Limited (company registration number - 10187404).

Page 4

 
LAB (BIRMINGHAM) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Amounts owed by joint ventures and associated undertakings
145,249
104,534

145,249
104,534



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
15,948
15,948

Corporation tax
5,767
8,582

Other creditors
5,597
2,747

Accruals and deferred income
833
810

28,145
28,087



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



50 (2023 - 50) Ordinary 'A' shares of £1.00 each
50
50
50 (2023 - 50) Ordinary 'B' shares of £1.00 each
50
50

100

100



8.


Related party transactions

During the year the company received loans from the director of £2,850 (2023 - £Nil) and received repayments of loans made to the company previously of £Nil (2023 - £2,343).  The balance due to the director at 31 May 2024 was £5,597 (2023 - £2,747).  The loan is repayable on demand.
During the year the company made loan repayments of £Nil (2023 - £Nil) to a company that it significantly controls and made further loans of £40,715 (2023 - £38,175).  The balance outstanding and held within debtors at 31 May 2024 was £145,249 (2023 - £104,534).  The loan is interest free and repayable on demand.

 
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