Acorah Software Products - Accounts Production 16.0.110 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 11041238 Ms Esther Shode iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11041238 2022-11-30 11041238 2023-11-30 11041238 2022-12-01 2023-11-30 11041238 frs-core:Non-currentFinancialInstruments 2023-11-30 11041238 frs-core:ComputerEquipment 2023-11-30 11041238 frs-core:ComputerEquipment 2022-12-01 2023-11-30 11041238 frs-core:ComputerEquipment 2022-11-30 11041238 frs-core:FurnitureFittings 2023-11-30 11041238 frs-core:FurnitureFittings 2022-12-01 2023-11-30 11041238 frs-core:FurnitureFittings 2022-11-30 11041238 frs-core:MotorVehicles 2023-11-30 11041238 frs-core:MotorVehicles 2022-12-01 2023-11-30 11041238 frs-core:MotorVehicles 2022-11-30 11041238 frs-core:ShareCapital 2023-11-30 11041238 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 11041238 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11041238 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 11041238 frs-bus:SmallEntities 2022-12-01 2023-11-30 11041238 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11041238 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11041238 frs-bus:Director1 2022-12-01 2023-11-30 11041238 frs-countries:EnglandWales 2022-12-01 2023-11-30 11041238 2021-11-30 11041238 2022-11-30 11041238 2021-12-01 2022-11-30 11041238 frs-core:Non-currentFinancialInstruments 2022-11-30 11041238 frs-core:ShareCapital 2022-11-30 11041238 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 11041238
Labz Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11041238
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,441 25,091
17,441 25,091
CURRENT ASSETS
Debtors 5 21,571 25,013
Cash at bank and in hand 2,084 108
23,655 25,121
Creditors: Amounts Falling Due Within One Year 6 (680 ) (600 )
NET CURRENT ASSETS (LIABILITIES) 22,975 24,521
TOTAL ASSETS LESS CURRENT LIABILITIES 40,416 49,612
Creditors: Amounts Falling Due After More Than One Year 7 (47,028 ) (48,126 )
NET (LIABILITIES)/ASSETS (6,612 ) 1,486
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (6,613 ) 1,485
SHAREHOLDERS' FUNDS (6,612) 1,486
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Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Esther Shode
Director
26/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Labz Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11041238 . The registered office is Suite F6, Wood Street Business Centre, 195 Wood Street, London, E17 3NU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% SL
Fixtures & Fittings 20% SL
Computer Equipment 20% SL
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2022 24,477 10,825 2,949 38,251
As at 30 November 2023 24,477 10,825 2,949 38,251
Depreciation
As at 1 December 2022 4,895 6,495 1,770 13,160
Provided during the period 4,895 2,165 590 7,650
As at 30 November 2023 9,790 8,660 2,360 20,810
Net Book Value
As at 30 November 2023 14,687 2,165 589 17,441
As at 1 December 2022 19,582 4,330 1,179 25,091
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 21,571 25,013
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 680 600
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 47,028 48,126
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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