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REGISTERED NUMBER: 08673481 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Measurelab Limited

Measurelab Limited (Registered number: 08673481)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Measurelab Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr Dara Fitzgerald
Mr Mark Rochefort
Mr Steven John Elliott





REGISTERED OFFICE: Old Candlemakers
West Street
Lewes
East Sussex
BN7 2NZ





REGISTERED NUMBER: 08673481 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

Measurelab Limited (Registered number: 08673481)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,820 34,785

CURRENT ASSETS
Debtors 5 210,940 110,019
Cash at bank 493,578 346,057
704,518 456,076
CREDITORS
Amounts falling due within one year 6 485,559 346,739
NET CURRENT ASSETS 218,959 109,337
TOTAL ASSETS LESS CURRENT
LIABILITIES

228,779

144,122

PROVISIONS FOR LIABILITIES 2,455 8,696
NET ASSETS 226,324 135,426

CAPITAL AND RESERVES
Called up share capital 89 89
Retained earnings 226,235 135,337
226,324 135,426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Measurelab Limited (Registered number: 08673481)

Balance Sheet - continued
30 September 2024


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 Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:




Mr Dara Fitzgerald - Director



Mr Mark Rochefort - Director


Measurelab Limited (Registered number: 08673481)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Measurelab 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on reducing balance
Fixtures and fittings - 25% on cost
Computer equipment - 33% on 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.

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 to which they relate.

Measurelab Limited (Registered number: 08673481)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023 3,362 8,045 49,241 60,648
Additions - - 1,895 1,895
Disposals (3,362 ) (7,604 ) (29,646 ) (40,612 )
At 30 September 2024 - 441 21,490 21,931
DEPRECIATION
At 1 October 2023 883 5,151 19,829 25,863
Charge for year - 111 3,893 4,004
Eliminated on disposal (883 ) (5,009 ) (11,864 ) (17,756 )
At 30 September 2024 - 253 11,858 12,111
NET BOOK VALUE
At 30 September 2024 - 188 9,632 9,820
At 30 September 2023 2,479 2,894 29,412 34,785

5. DEBTORS
30.9.24 30.9.23
£    £   
Amounts falling due within one year:
Trade debtors 207,411 94,283
Other debtors 1,463 2,619
208,874 96,902

Amounts falling due after more than one year:
Other debtors 2,066 13,117

Aggregate amounts 210,940 110,019

Measurelab Limited (Registered number: 08673481)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 9,160 9,768
Trade creditors 2,056 4,545
Taxation and social security 158,660 110,961
Other creditors 315,683 221,465
485,559 346,739

7. RELATED PARTY DISCLOSURES

Included in other creditors is £624 (2023 - £1,645) which is owed to the directors of the company. These loans are provided on an interest free basis and are repayable on demand,

The company has taken advantage of the exemption under FRS 102 1AC.35 whereby particulars need not be given for related party transactions concluded under normal market conditions, or transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transaction is wholly-owned by such a member.