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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
Page
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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
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W-Lab Cosmetic Ltd Statement of financial position as at 29 June 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
- 
13,700 
Cash at bank and in hand
832 
2,074 
832 
15,774 
Creditors: amounts falling due within one year
(11,636)
(25,101)
Net current liabilities
(10,804)
(9,327)
Net liabilities
(10,804)
(9,327)
Capital and reserves
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
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W-Lab Cosmetic Ltd Notes to the Accounts for the year ended 29 June 2024
1
Statutory information
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.
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.
Turnover
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
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.
Going concern
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.
Reporting period
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 
£ 
£ 
Trade creditors
400 
600 
Loans from directors
11,236 
24,501 
11,636 
25,101 
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W-Lab Cosmetic Ltd Notes to the Accounts for the year ended 29 June 2024
5
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
50 Ordinary A shares of £1 each
50 
50 
50 Ordinary B shares of £1 each
50 
50 
100 
100 
6
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Ms Nilgun KAYAHAN KOLAN
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).
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