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REGISTERED NUMBER: 07169525 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

LABCARE SERVICE LIMITED

LABCARE SERVICE LIMITED (REGISTERED NUMBER: 07169525)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LABCARE SERVICE LIMITED

COMPANY INFORMATION
for the year ended 31 March 2025







DIRECTORS: D Mills
J Nicholson





SECRETARY: G Cook





REGISTERED OFFICE: 1a Chapel Hill
Braintree
Essex
CM7 3QT





REGISTERED NUMBER: 07169525 (England and Wales)





ACCOUNTANTS: Northfield Management Services Limited
Cart Lodge
Harps Farm
Bedlars Green
Great Hallingbury
Hertfordshire
CM22 7TL

LABCARE SERVICE LIMITED (REGISTERED NUMBER: 07169525)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,007 27,520

CURRENT ASSETS
Stocks 9,318 9,318
Debtors 5 116,684 142,483
Cash at bank 100,039 94,340
226,041 246,141
CREDITORS
Amounts falling due within one year 6 127,972 182,834
NET CURRENT ASSETS 98,069 63,307
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,076

90,827

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings 116,066 90,817
SHAREHOLDERS' FUNDS 116,076 90,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

LABCARE SERVICE LIMITED (REGISTERED NUMBER: 07169525)

BALANCE SHEET - continued
31 March 2025


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 21 August 2025 and were signed on its behalf by:




D Mills - Director



J Nicholson - Director


LABCARE SERVICE LIMITED (REGISTERED NUMBER: 07169525)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Labcare Service 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the accounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of the estimation means that that the actual outcomes could differ from those estimates.

Turnover
Turnover represents the value of goods and services supplied during the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - Over period of lease
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 33% on cost
Office equipment - 20% /33% on cost

Stocks
Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in first out basis.

At each balance sheet date, stock is assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit and loss.

LABCARE SERVICE LIMITED (REGISTERED NUMBER: 07169525)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-portable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic short-term financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

LABCARE SERVICE LIMITED (REGISTERED NUMBER: 07169525)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2024 35,017 24,518 16,396
Disposals - - -
At 31 March 2025 35,017 24,518 16,396
DEPRECIATION
At 1 April 2024 14,701 22,307 12,311
Charge for year 5,805 1,340 1,460
Eliminated on disposal - - -
At 31 March 2025 20,506 23,647 13,771
NET BOOK VALUE
At 31 March 2025 14,511 871 2,625
At 31 March 2024 20,316 2,211 4,085

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 11,000 56,441 143,372
Disposals (11,000 ) - (11,000 )
At 31 March 2025 - 56,441 132,372
DEPRECIATION
At 1 April 2024 11,000 55,533 115,852
Charge for year - 908 9,513
Eliminated on disposal (11,000 ) - (11,000 )
At 31 March 2025 - 56,441 114,365
NET BOOK VALUE
At 31 March 2025 - - 18,007
At 31 March 2024 - 908 27,520

LABCARE SERVICE LIMITED (REGISTERED NUMBER: 07169525)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 85,763 124,721
Other debtors 500 500
Tax recoverable 1,130 1,130
Prepayments and accrued income 29,291 16,132
116,684 142,483

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 1,858 -
Trade creditors 14,891 24,075
Deferred service revenue 56,879 70,760
Tax 7,708 -
Social security and other taxes - 15,044
VAT 23,338 25,701
Other creditors 17,630 -
Directors' current accounts - 29,389
Accrued expenses 5,668 17,865
127,972 182,834

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
200 Ordinary 5p 10 10

8. OTHER FINANCIAL COMMITMENTS

At 31 March 2025 the company had an annual commitment under a non-cancellable operating lease in respect of land and buildings expiring in two to five years of £11,208 (2024: £8,250).