Company Registration No. 13573730 (England and Wales)
Developer Labs Limited
Unaudited accounts
for the year ended 31 August 2024
Developer Labs Limited
Unaudited accounts
Contents
Developer Labs Limited
Company Information
for the year ended 31 August 2024
Director
Manikanta Srinivas Pattigulla
Company Number
13573730 (England and Wales)
Registered Office
15 Hariana Close
Whitehouse
Miltonkeynes
MK8 1DG
Developer Labs Limited
Statement of financial position
as at 31 August 2024
Intangible assets
8,400
9,600
Cash at bank and in hand
133,231
81,155
Creditors: amounts falling due within one year
(88,884)
(90,154)
Net current assets
61,348
6,001
Called up share capital
2
2
Profit and loss account
71,321
16,215
Shareholders' funds
71,323
16,217
For the year ending 31 August 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 his 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 11 May 2025 and were signed on its behalf by
Manikanta Srinivas Pattigulla
Director
Company Registration No. 13573730
Developer Labs Limited
Notes to the Accounts
for the year ended 31 August 2024
Developer Labs Limited is a private company, limited by shares, registered in England and Wales, registration number 13573730. The registered office is 15 Hariana Close, Whitehouse, Miltonkeynes, MK8 1DG.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% reduce balance basis
4
Intangible fixed assets
Goodwill
At 1 September 2023
12,000
Developer Labs Limited
Notes to the Accounts
for the year ended 31 August 2024
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Other debtors
17,001
15,000
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
15,160
22,689
Loans from directors
67,093
55,632
8
Average number of employees
During the year the average number of employees was 5 (2023: 3).