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Registration number: 14944294

Laboratory Ideas UK Limited

Unaudited Filleted Financial Statements

for the Period from 19 June 2023 to 30 June 2024

 

Laboratory Ideas UK Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Laboratory Ideas UK Limited

Company Information

Director

Mr David Kovats

Registered office

8th Floor
1 Southampton Street
London
WC2R 0LR

Accountants

Charter Tax Consulting Limited 8th Floor
1 Southampton Street
London
WC2R 0LR

 

Laboratory Ideas UK Limited

(Registration number: 14944294)
Balance Sheet as at 30 June 2024

Note

2024
£

Fixed assets

 

Intangible assets

4

1,251

Tangible assets

5

986

 

2,237

Current assets

 

Debtors

6

325

Cash at bank and in hand

 

1,073

 

1,398

Creditors: Amounts falling due within one year

7

(99,163)

Net current liabilities

 

(97,765)

Net liabilities

 

(95,528)

Capital and reserves

 

Called up share capital

8

110

Retained earnings

(95,638)

Shareholders' deficit

 

(95,528)

For the financial period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

 

Laboratory Ideas UK Limited

(Registration number: 14944294)
Balance Sheet as at 30 June 2024

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 June 2025
 

Mr David Kovats
Director

   

Appointed 19 June 2023

   
 

Laboratory Ideas UK Limited

Notes to the Unaudited Financial Statements for the Period from 19 June 2023 to 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
8th Floor
1 Southampton Street
London
WC2R 0LR
U.K.

These financial statements were authorised for issue by the director on 16 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

The accounts have been prepared for a period of longer than one year due to this being the first accounting period.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Laboratory Ideas UK Limited

Notes to the Unaudited Financial Statements for the Period from 19 June 2023 to 30 June 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Trade Marks

10 Year Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Laboratory Ideas UK Limited

Notes to the Unaudited Financial Statements for the Period from 19 June 2023 to 30 June 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.

Borrowings are initially recorded at fair value, net of transaction costs. The shareholder loan is non interest bearing, Borrowings are classified as current liabilities as the company does not have a right to defer settlement of the liability for at least twelve months after the reporting date. The shareholder loan is payable on demand.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

Additions acquired separately

1,390

1,390

At 30 June 2024

1,390

1,390

Amortisation

Amortisation charge

139

139

At 30 June 2024

139

139

Carrying amount

At 30 June 2024

1,251

1,251

 

Laboratory Ideas UK Limited

Notes to the Unaudited Financial Statements for the Period from 19 June 2023 to 30 June 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

1,314

1,314

At 30 June 2024

1,314

1,314

Depreciation

Charge for the period

328

328

At 30 June 2024

328

328

Carrying amount

At 30 June 2024

986

986

6

Debtors

Current

2024
£

Prepayments

245

Other debtors

80

 

325

 

Laboratory Ideas UK Limited

Notes to the Unaudited Financial Statements for the Period from 19 June 2023 to 30 June 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Loans and borrowings

9

94,980

Trade creditors

 

1,080

Taxation and social security

 

373

Accruals and deferred income

 

2,730

 

99,163

8

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary share capital of £1 each

30

30

   

Allotted, called up and not fully paid shares

2024

No.

£

Ordinary share capital of £1 each

80

80

   

9

Loans and borrowings

Current loans and borrowings

2024
£

Other borrowings

94,980

Loans are interest free and repayable on demand. The loans are classified as current loans.