REGISTERED NUMBER: 12228161 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HYNT LABS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E Maggioni

M Obrist

Parkwalk Advisors Limited

F Udrea

M P Hollier

REGISTERED OFFICE:

Unit 1, Cambridge House

Camboro Business Park

Oakington Road, Girton

CAMBRIDGE

Cambridgeshire

CB3 0QH

REGISTERED NUMBER:

12228161 (England and Wales)

ACCOUNTANTS:

Staffords

Chartered Accountants

Unit 1, Cambridge House

Camboro Business Park

Oakington Road, Girton

CAMBRIDGE

Cambridgeshire

CB3 0QH

FIXED ASSETS

Tangible assets

4

28,886

53,113

CURRENT ASSETS

Stocks

38,557

-

Debtors

5

332,919

154,370

Cash at bank

1,072,806

281,971

1,444,282

436,341

CREDITORS

Amounts falling due within one year

6

129,977

39,005

NET CURRENT ASSETS

1,314,305

397,336

TOTAL ASSETS LESS CURRENT LIABILITIES

1,343,191

450,449

CAPITAL AND RESERVES

Called up share capital

8

113

80

Share premium

2,979,560

1,502,596

Retained earnings

(1,636,482

)

(1,052,227

)

SHAREHOLDERS' FUNDS

1,343,191

450,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

E Maggioni - Director

1.	STATUTORY INFORMATION

Hynt Labs 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

-

20% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 10 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

74,801

Additions

2,584

Disposals

(3,481

)

At 31 December 2024

73,904

DEPRECIATION

At 1 January 2024

21,688

Charge for year

24,490

Eliminated on disposal

(1,160

)

At 31 December 2024

45,018

NET BOOK VALUE

At 31 December 2024

28,886

At 31 December 2023

53,113

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

607

5,554

Other debtors

332,312

148,816

332,919

154,370

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

30,784

5,632

Taxation and social security

22,620

9,923

Other creditors

76,573

23,450

129,977

39,005

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

21,588

12,151

Between one and five years

1,585

-

23,173

12,151

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

NIL

Ordinary £0.01

1p

-

78

NIL

Growth £0.01

1p

-

2

778,400

Ordinary

£0.00

01

78

-

24,500

Growth

£0.00

01

2

-

328,227

A Ordinary

£0.00

01

33

-

113

80

The following share related events took place during the year:

On June 6, 2024 the existing share capital of both Ordinary and Growth shares were subdivided 100:1 into new Ordinary and Growth shares of nominal value £0.0001 or 0.01p.

On June 6, 2024 an additional class of shares were created with nominal value also of £0.0001 or 0.01p and named A Ordinary shares.

On June 6, 2024, 328,227 A Ordinary shares were issued for total proceeds of £1,499,997 with £23,000 of professional fees deducted from this total when accounted for in the Share Premium account.