2023-05-012024-04-302024-04-30false14074646WEALTH LABS 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WEALTH LABS LTD

Registered Number
14074646
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

WEALTH LABS LTD
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

LANE, Anton Dominic

Registered Address

C/O Edge Tax, B2 Vantage Office Park Old Gloucester Road
Hambrook
Bristol
BS16 1GW

Registered Number

14074646 (England and Wales)
WEALTH LABS LTD
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets31,4641,464
1,4641,464
Current assets
Debtors2051,515
Cash at bank and on hand3,146642
3,3512,157
Creditors amounts falling due within one year4(5,020)(2,247)
Net current assets (liabilities)(1,669)(90)
Total assets less current liabilities(205)1,374
Creditors amounts falling due after one year5(18,479)(8,697)
Net assets(18,684)(7,323)
Capital and reserves
Profit and loss account(18,684)(7,323)
Shareholders' funds(18,684)(7,323)
The financial statements were approved and authorised for issue by the Director on 2 April 2025, and are signed on its behalf by:
LANE, Anton Dominic
Director
Registered Company No. 14074646
WEALTH LABS LTD
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year00
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 May 231,4641,464
At 30 April 241,4641,464
Net book value
At 30 April 241,4641,464
At 30 April 231,4641,464
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables5,0202,247
Total5,0202,247
5.Creditors: amounts due after one year

2024

2023

££
Other creditors18,4798,697
Total18,4798,697