IRIS Accounts Production v25.1.0.734 08812006 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088120062023-12-31088120062024-12-31088120062024-01-012024-12-31088120062022-12-31088120062023-01-012023-12-31088120062023-12-3108812006ns15:EnglandWales2024-01-012024-12-3108812006ns14:PoundSterling2024-01-012024-12-3108812006ns10:Director12024-01-012024-12-3108812006ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3108812006ns10:SmallEntities2024-01-012024-12-3108812006ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3108812006ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3108812006ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3108812006ns10:FullAccounts2024-01-012024-12-3108812006ns10:Director22024-01-012024-12-3108812006ns10:RegisteredOffice2024-01-012024-12-3108812006ns5:CurrentFinancialInstruments2024-12-3108812006ns5:CurrentFinancialInstruments2023-12-3108812006ns5:ShareCapital2024-12-3108812006ns5:ShareCapital2023-12-3108812006ns5:RetainedEarningsAccumulatedLosses2024-12-3108812006ns5:RetainedEarningsAccumulatedLosses2023-12-3108812006ns5:FurnitureFittings2024-01-012024-12-3108812006ns5:MotorVehicles2024-01-012024-12-3108812006ns5:ComputerEquipment2024-01-012024-12-3108812006ns5:FurnitureFittings2023-12-3108812006ns5:MotorVehicles2023-12-3108812006ns5:ComputerEquipment2023-12-3108812006ns5:FurnitureFittings2024-12-3108812006ns5:MotorVehicles2024-12-3108812006ns5:ComputerEquipment2024-12-3108812006ns5:FurnitureFittings2023-12-3108812006ns5:MotorVehicles2023-12-3108812006ns5:ComputerEquipment2023-12-3108812006ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3108812006ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 08812006 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Labsoil Limited

Labsoil Limited (Registered number: 08812006)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Labsoil Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M J Reeve
Mrs M A Miles





REGISTERED OFFICE: The Mills
Canal Street
Derby
DE1 2RJ





BUSINESS ADDRESS: Lockington Hall
Lockington
Derby
DE74 2RH





REGISTERED NUMBER: 08812006 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Labsoil Limited (Registered number: 08812006)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 4,246 3,935

CURRENT ASSETS
Stocks 6,300 2,800
Debtors 5 41,578 49,395
Cash at bank and in hand 283,297 269,488
331,175 321,683
CREDITORS
Amounts falling due within one year 6 39,480 48,084
NET CURRENT ASSETS 291,695 273,599
TOTAL ASSETS LESS CURRENT
LIABILITIES

295,941

277,534

CAPITAL AND RESERVES
Called up share capital 18 18
Retained earnings 295,923 277,516
SHAREHOLDERS' FUNDS 295,941 277,534

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

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

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by:





M J Reeve - Director


Labsoil Limited (Registered number: 08812006)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Labsoil Limited 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.

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.

Turnover
Turnover represents net invoiced charges for services, excluding value added tax, including where applicable, relevant costs and overheads plus attributable profit to date recoverable on contracts. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the agreed upon payment will be received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Operating lease commitments
Rentals paid under operating leases are charged to the profit and loss account as incurred.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Labsoil Limited (Registered number: 08812006)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 1,834 16,831 2,458 21,123
Additions - - 1,187 1,187
At 31 December 2024 1,834 16,831 3,645 22,310
DEPRECIATION
At 1 January 2024 1,582 13,301 2,305 17,188
Charge for year 51 706 119 876
At 31 December 2024 1,633 14,007 2,424 18,064
NET BOOK VALUE
At 31 December 2024 201 2,824 1,221 4,246
At 31 December 2023 252 3,530 153 3,935

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 40,872 48,828
Prepayments 706 567
41,578 49,395

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,297 5,157
Tax 14,127 19,538
Social security and other taxes 5,346 9,857
Other creditors 10,450 11,377
Accrued expenses 2,260 2,155
39,480 48,084