REGISTERED NUMBER: 13398196 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

HAAS LABS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L J Haas

REGISTERED OFFICE:

81 Skipper Way

Little Paxton

St. Neots

PE19 6LT

REGISTERED NUMBER:

13398196 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Tangible assets

4

32,002

38,290

CURRENT ASSETS

Debtors

5

678

817

Cash at bank

11,686

11,927

12,364

12,744

CREDITORS

Amounts falling due within one year

6

(5,995

)

(939

)

NET CURRENT ASSETS

6,369

11,805

TOTAL ASSETS LESS CURRENT LIABILITIES

38,371

50,095

PROVISIONS FOR LIABILITIES

7

(6,080

)

(9,573

)

NET ASSETS

32,291

40,522

CAPITAL AND RESERVES

Called up share capital

8

10

10

Retained earnings

32,281

40,512

SHAREHOLDERS' FUNDS

32,291

40,522

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 September 2025 and were signed by:

L J Haas - Director

1.	STATUTORY INFORMATION

Haas Labs Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office address and business address can be found on the Company Information page.

The presentational 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 represents the fair value of consideration received or receivable net of VAT and trade discounts. Revenue from the development of software is recognised at the point of sale.

Tangible fixed assets

Tangible fixed assets are stated at cost, or deemed cost, less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Motor vehicles - 20% on reducing balance

Fixture & Fittings - 25% on cost

Computer Equipment - 33% on cost

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

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.

Impairment policy

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern

The director has a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 June 2024

-

38,950

-

38,950

Additions

1,029

-

376

1,405

At 31 May 2025

1,029

38,950

376

40,355

DEPRECIATION

At 1 June 2024

-

660

-

660

Charge for year

23

7,658

12

7,693

At 31 May 2025

23

8,318

12

8,353

NET BOOK VALUE

At 31 May 2025

1,006

30,632

364

32,002

At 31 May 2024

-

38,290

-

38,290

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

678

817

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

330

315

Taxation and social security

5,353

-

Other creditors

312

624

5,995

939

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

6,080

9,573

Deferred tax

£

Balance at 1 June 2024

9,573

Provided during year

(3,493

)

Balance at 31 May 2025

6,080

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10

Ordinary

£1

10

10