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REGISTERED NUMBER: 10265954 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Urban Place Lab Limited

Urban Place Lab Limited (Registered number: 10265954)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Urban Place Lab Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J S Gross
Mrs K Gross
Ms T Spires





SECRETARY: Mrs K Gross





REGISTERED OFFICE: Suite 2 Victoria House
Farnham
Surrey
GU9 7QU





REGISTERED NUMBER: 10265954 (England and Wales)





ACCOUNTANTS: Branston Adams
Suite 2, Victoria House
South Street
Farnham
Surrey
GU9 7QU

Urban Place Lab Limited (Registered number: 10265954)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,275 16,274

CURRENT ASSETS
Debtors 5 47,480 60,659
Cash at bank 45,330 59,534
92,810 120,193
CREDITORS
Amounts falling due within one year 6 88,204 72,939
NET CURRENT ASSETS 4,606 47,254
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,881

63,528

CREDITORS
Amounts falling due after more than one
year

7

(11,667

)

(24,011

)

PROVISIONS FOR LIABILITIES (2,097 ) (3,092 )
NET ASSETS 1,117 36,425

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,017 36,325
SHAREHOLDERS' FUNDS 1,117 36,425

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:





J S Gross - Director


Urban Place Lab Limited (Registered number: 10265954)

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

1. STATUTORY INFORMATION

Urban Place Lab Limited 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents the amount derived from ordinary activities undertaken by the business during the year and is stated net of value added tax.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Urban Place Lab Limited (Registered number: 10265954)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 2,012 813 40,297 17,825 60,947
Additions - - - 294 294
At 31 March 2024 2,012 813 40,297 18,119 61,241
DEPRECIATION
At 1 April 2023 2,012 519 27,565 14,577 44,673
Charge for year - 194 4,244 1,855 6,293
At 31 March 2024 2,012 713 31,809 16,432 50,966
NET BOOK VALUE
At 31 March 2024 - 100 8,488 1,687 10,275
At 31 March 2023 - 294 12,732 3,248 16,274

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 37,545 59,738
Prepayments and accrued income 9,935 -
Prepayments - 921
47,480 60,659

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 8) 10,000 10,000
Trade creditors 310 999
Tax 56,027 37,254
Social security and other taxes - 1,125
VAT 16,055 20,131
Other creditors 1,990 1,065
Directors' current accounts 1,852 395
Accrued expenses 1,970 1,970
88,204 72,939

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 8) 11,667 21,667
Hire purchase contracts - 2,344
11,667 24,011

8. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Urban Place Lab Limited (Registered number: 10265954)

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

8. LOANS - continued
31.3.24 31.3.23
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,667 11,667

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J S Gross.