Company Registration No. 13433594 (England and Wales)
W-Lab Cosmetic Ltd
Unaudited accounts
for the year ended 29 June 2024
W-Lab Cosmetic Ltd
Unaudited accounts
Contents
W-Lab Cosmetic Ltd
Company Information
for the year ended 29 June 2024
Director
Ms Nilgun KAYAHAN KOLAN
Company Number
13433594 (England and Wales)
Registered Office
Unit 6K West Mews
West Road
London
N17 0QT
England
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JT
W-Lab Cosmetic Ltd
Statement of financial position
as at 29 June 2024
Cash at bank and in hand
832
2,074
Creditors: amounts falling due within one year
(11,636)
(25,101)
Net current liabilities
(10,804)
(9,327)
Net liabilities
(10,804)
(9,327)
Called up share capital
100
100
Profit and loss account
(10,904)
(9,427)
Shareholders' funds
(10,804)
(9,327)
For the year ending 29 June 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 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 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 26 March 2025 and were signed on its behalf by
Ms Nilgun KAYAHAN KOLAN
Director
Company Registration No. 13433594
W-Lab Cosmetic Ltd
Notes to the Accounts
for the year ended 29 June 2024
W-Lab Cosmetic Ltd is a private company, limited by shares, registered in England and Wales, registration number 13433594. The registered office is Unit 6K West Mews, West Road, London, N17 0QT, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
As explained in note 3 (Reporting period) to the financial statements, the company has ceased trading on 5 June 2024 and the financial statements have been prepared on a basis other than that of the going concern basis. This basis includes, where applicable, writing the company's assets down to net realisable value. Provisions have also been made in respect of contracts which have become onerous at the reporting date. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date.
The company has ceased trade as of 5 June 2024. Thus, the reporting period is from 30 June 2023 to 5 June 2024.
4
Creditors: amounts falling due within one year
2024
2023
Loans from directors
11,236
24,501
W-Lab Cosmetic Ltd
Notes to the Accounts
for the year ended 29 June 2024
Allotted, called up and fully paid:
50 Ordinary A shares of £1 each
50
50
50 Ordinary B shares of £1 each
50
50
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
(24,501)
13,265
-
(11,236)
(24,501)
13,265
-
(11,236)
There are no terms as to interest or repayment in respect of this balance.
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).