Lab Digital Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 15324652

		31 December 2024
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		5,255

			5,255
CURRENT ASSETS
Debtors	5	142,434
Cash at bank and in hand		247,451

		389,885
Creditors: Amounts Falling Due Within One Year	6	(283,594 )

NET CURRENT ASSETS (LIABILITIES)			106,291

TOTAL ASSETS LESS CURRENT LIABILITIES			111,546

Creditors: Amounts Falling Due After More Than One Year	7		(185,481 )

NET LIABILITIES			(73,935 )

CAPITAL AND RESERVES
Called up share capital			1,000
Profit and Loss Account			(74,935 )

SHAREHOLDERS' FUNDS			(73,935)

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Lab Digital Services Limited

Balance Sheet (continued)

As At 31 December 2024

For the period ending 31 December 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Paul Simms

Director

1 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Lab Digital Services Limited is a private company, limited by shares and incorporated in England & Wales. The registered company number is 15324652 and the registered office address is 3rd Floor, Kestrel House, Knightrider Street, Maidstone, Kent, England, ME15 6LU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors believe the company to be a going concern and will continue to give their support to the company over the next 12 months.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the provision of services and is recogonised at the point of invoice. If the provision of services spans the financial year end, it is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer equipment

25% straight line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets.

Assets acquired under hire purchase contracts are depreciated over their useful lives.

Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company.

Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.6. Foreign Currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Lab Digital Services Limited

Notes to the Financial Statements (continued)

For the Period 3 December 2023 to 31 December 2024

2.7. Taxation

The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax

Deferred tax has not been recognised as it is not material to the financial statements. The directors will review this annually.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 17

4. Tangible Assets

	Computer equipment
	£
Cost
As at 3 December 2023	-
Additions	5,594

As at 31 December 2024	5,594

Depreciation
As at 3 December 2023	-
Provided during the period	339

As at 31 December 2024	339

Net Book Value
As at 31 December 2024	5,255

As at 3 December 2023	-

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Lab Digital Services Limited

Notes to the Financial Statements (continued)

For the Period 3 December 2023 to 31 December 2024

5. Debtors

	31 December 2024
	£
Due within one year
Trade debtors	119,799
Other debtors	22,635

	142,434

6. Creditors: Amounts Falling Due Within One Year

	31 December 2024
	£
Trade creditors	41,571
Bank loans and overdrafts	43,302
Amounts owed to group undertakings	3,518
Other creditors	82,691
Taxation and social security	112,512

	283,594

7. Creditors: Amounts Falling Due After More Than One Year

	31 December 2024
	£
Bank loans	185,481

8. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	31 December 2024
	£
Not later than one year	2,126
Later than one year and not later than five years	503

	2,629

9. Related Party Transactions

The amount due to the related party at the year end was £232,301.

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