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Registered Number: 12371994
England and Wales

 

 

 

QUOIN LABS LTD



Abridged Accounts
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024
You consider that the company is exempt from an audit for the year ended 31 December 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.



....................................................

Fincrest Limited

3rd Floor
86-90 Paul Street
London
EC2A 4NE
13 June 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 20,213   
20,213   
Current assets      
Debtors 2,749    1,000 
Cash at bank and in hand 6,771   
9,520    1,000 
Creditors: amount falling due within one year (31,625)  
Net current assets (22,105)   1,000 
 
Total assets less current liabilities (1,892)   1,000 
Net assets (1,892)   1,000 
 

Capital and reserves
     
Called up share capital 1,000    1,000 
Profit and loss account (2,892)  
Shareholders' funds (1,892)   1,000 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 13 June 2025 and were signed by:


-------------------------------
Carlos R Brathwaite
Director
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General Information
Quoin Labs Ltd is a private company, limited by shares, registered in England and Wales, registration number 12371994, registration address 2 Stephen Street, London, W1T 1AN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
IT Software
IT Software is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the IT Software of 5 years once the software is brought into use.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Intangible fixed assets

Cost IT Software   Total
  £   £
At 01 January 2024  
Additions 20,213    20,213 
Disposals  
At 31 December 2024 20,213    20,213 
Amortisation
At 01 January 2024  
Charge for year  
On disposals  
At 31 December 2024  
Net book values
At 31 December 2024 20,213    20,213 
At 31 December 2023  


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