IRIS Accounts Production v24.3.2.46 11276474 director 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh112764742023-03-31112764742024-03-31112764742023-04-012024-03-31112764742022-03-31112764742022-04-012023-03-31112764742023-03-3111276474ns15:EnglandWales2023-04-012024-03-3111276474ns14:PoundSterling2023-04-012024-03-3111276474ns10:Director12023-04-012024-03-3111276474ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111276474ns10:SmallEntities2023-04-012024-03-3111276474ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3111276474ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111276474ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111276474ns10:FullAccounts2023-04-012024-03-311127647412023-04-012024-03-3111276474ns10:OrdinaryShareClass12023-04-012024-03-3111276474ns5:CurrentFinancialInstruments2024-03-3111276474ns5:CurrentFinancialInstruments2023-03-3111276474ns5:Non-currentFinancialInstruments2024-03-3111276474ns5:Non-currentFinancialInstruments2023-03-3111276474ns5:ShareCapital2024-03-3111276474ns5:ShareCapital2023-03-3111276474ns5:RetainedEarningsAccumulatedLosses2024-03-3111276474ns5:RetainedEarningsAccumulatedLosses2023-03-3111276474ns10:RegisteredOffice2023-04-012024-03-3111276474ns5:NetGoodwill2023-04-012024-03-3111276474ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3111276474ns5:FurnitureFittings2023-04-012024-03-3111276474ns5:NetGoodwill2023-03-3111276474ns5:NetGoodwill2024-03-3111276474ns5:NetGoodwill2023-03-3111276474ns5:FurnitureFittings2023-03-3111276474ns5:FurnitureFittings2024-03-3111276474ns5:FurnitureFittings2023-03-3111276474ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3111276474ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3111276474ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-03-3111276474ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-03-3111276474ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3111276474ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3111276474ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 11276474 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LAB PT LTD

LAB PT LTD (REGISTERED NUMBER: 11276474)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


LAB PT LTD (REGISTERED NUMBER: 11276474)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,468 3,915
2,468 3,915

CURRENT ASSETS
Debtors 6 6,288 3,282
Cash at bank and in hand 7,434 9,566
13,722 12,848
CREDITORS
Amounts falling due within one year 7 11,340 8,781
NET CURRENT ASSETS 2,382 4,067
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,850

7,982

CREDITORS
Amounts falling due after more than one
year

8

(3,500

)

(6,500

)

PROVISIONS FOR LIABILITIES (469 ) (744 )
NET ASSETS 881 738

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 781 638
SHAREHOLDERS' FUNDS 881 738

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 director acknowledges his 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.

LAB PT LTD (REGISTERED NUMBER: 11276474)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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.

The financial statements were approved by the director and authorised for issue on 27 December 2024 and were signed by:





L A Beardwood - Director


LAB PT LTD (REGISTERED NUMBER: 11276474)

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


1. STATUTORY INFORMATION

LAB PT Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11276474

Registered office: 368 Forest Road
London
E17 5JF

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

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.


LAB PT LTD (REGISTERED NUMBER: 11276474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,000
AMORTISATION
At 1 April 2023
and 31 March 2024 10,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

LAB PT LTD (REGISTERED NUMBER: 11276474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 7,231
DEPRECIATION
At 1 April 2023 3,316
Charge for year 1,447
At 31 March 2024 4,763
NET BOOK VALUE
At 31 March 2024 2,468
At 31 March 2023 3,915

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,305 1,200
Other debtors 3,983 2,082
6,288 3,282

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 3,000 3,000
Taxation and social security 6,852 4,178
Other creditors 1,488 1,603
11,340 8,781

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 3,500 6,500

LAB PT LTD (REGISTERED NUMBER: 11276474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 3,000 3,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 3,000 3,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 500 3,500

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:


2024 2023
£    £   
Amounts owed by/(to) L A Beardwood (Director) 3,983 2,082
The director loan account was repaid on the 31.05.2024.
Interest has been charged by the company on the overdrawn balance.

12. ULTIMATE CONTROLLING PARTY

The controlling party is L A Beardwood.