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Company Registration No. 09680388 (England and Wales)
Labidtech Ltd Unaudited accounts for the year ended 31 July 2024
Labidtech Ltd Unaudited accounts Contents
Page
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Labidtech Ltd Company Information for the year ended 31 July 2024
Director
Chaudhry Hibat Ul Mohsin Abid
Company Number
09680388 (England and Wales)
Registered Office
51 Southern Way Farnham GU9 8DF
Accountants
Proacc Consulting Ltd 3rd Floor 86-90 Paul Street London EC2A 4NE
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Labidtech Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
26,309 
27,429 
Cash at bank and in hand
11,400 
15,809 
37,709 
43,238 
Creditors: amounts falling due within one year
(26,609)
(43,138)
Net current assets
11,100 
100 
Net assets
11,100 
100 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
11,000 
- 
Shareholders' funds
11,100 
100 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 January 2025 and were signed on its behalf by
Chaudhry Hibat Ul Mohsin Abid Director Company Registration No. 09680388
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Labidtech Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Labidtech Ltd is a private company, limited by shares, registered in England and Wales, registration number 09680388. The registered office is 51 Southern Way, Farnham, GU9 8DF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 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.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2023
2,243 
At 31 July 2024
2,243 
Depreciation
At 1 August 2023
2,243 
At 31 July 2024
2,243 
Net book value
At 31 July 2024
- 
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Labidtech Ltd Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
26,298 
27,418 
Other debtors
11 
11 
26,309 
27,429 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
24,417 
20,672 
Loans from directors
- 
4,274 
Accruals
2,192 
18,192 
26,609 
43,138 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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