REGISTERED NUMBER: 12757279 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

AMAZELAB LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs L A Briggs

REGISTERED OFFICE:

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

REGISTERED NUMBER:

12757279 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

FIXED ASSETS

Tangible assets

4

737

1,185

CURRENT ASSETS

Debtors

5

9,936

2,860

Cash at bank

30

5,406

9,966

8,266

CREDITORS

Amounts falling due within one year

6

10,176

11,333

NET CURRENT LIABILITIES

(210

)

(3,067

)

TOTAL ASSETS LESS CURRENT LIABILITIES

527

(1,882

)

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

525

(1,884

)

SHAREHOLDERS' FUNDS

527

(1,882

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 March 2025 and were signed by:

Mrs L A Briggs - Director

1.	STATUTORY INFORMATION

Amazelab Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates

No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Going Concern

The accounts are prepared on a going concern basis as the director has indicated a willingness to support the company financially for the foreseeable future.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of vat.

When the outcome of a transaction can be estimated reliably, turnover from the provision of educational lessons is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to completion of the lesson.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Computer equipment

33% Straight line

Fixture & fittings

20% reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 4 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 August 2023

and 31 July 2024

763

894

1,657

DEPRECIATION

At 1 August 2023

103

369

472

Charge for year

153

295

448

At 31 July 2024

256

664

920

NET BOOK VALUE

At 31 July 2024

507

230

737

At 31 July 2023

660

525

1,185

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.24

31.7.23

£

£

Trade debtors

3,265

2,860

Directors' current accounts

6,671

-

9,936

2,860

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.24

31.7.23

£

£

Corporation tax

5,244

1,582

Social security and other taxes

-

703

VAT

3,358

-

Other creditors

74

41

Directors' current accounts

-

7,507

Accruals and deferred income

1,500

1,500

10,176

11,333

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.24

31.7.23

value:

£

£

2

Ordinary

£1

2

2

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24

31.7.23

£

£

Mrs L A Briggs

Balance outstanding at start of year

(7,507

)

(5,154

)

Amounts advanced

42,481

24,718

Amounts repaid

(28,303

)

(27,071

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,671

(7,507

)