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Company Registration No. 13637649 (England and Wales)
Pillar Labs Ltd Unaudited accounts for the year ended 31 December 2024
Pillar Labs Ltd Company Information for the year ended 31 December 2024
Directors
Adam Lewis Ashutosh Bhatt
Company Number
13637649 (England and Wales)
Registered Office
Jellicoe -5 Beaconsfield St London N1C 4EW England
Accountants
Sidgrove 86-90 Paul Street London EC2A 4NE
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Pillar Labs Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
3,512 
11,956 
Current assets
Inventories
- 
19,220 
Debtors
5
34,895 
365,152 
Cash at bank and in hand
255,440 
915,851 
290,335 
1,300,223 
Creditors: amounts falling due within one year
6
(239,867)
(85,286)
Net current assets
50,468 
1,214,937 
Net assets
53,980 
1,226,893 
Capital and reserves
Called up share capital
14,803 
14,803 
Share premium
3,870,153 
3,870,153 
Profit and loss account
(3,830,976)
(2,658,063)
Shareholders' funds
53,980 
1,226,893 
For the year 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by
Ashutosh Bhatt Director Company Registration No. 13637649
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Pillar Labs Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Pillar Labs Ltd is a private company, limited by shares, registered in England and Wales, registration number 13637649. The registered office is Jellicoe -5 Beaconsfield St, London, N1C 4EW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33.33% - Straight Line
Computer equipment
33.33% - Straight Line
Prior Year Adjustment
The prior year financial statements have been amended to correct errors: Called up share capital is presented in the comparative figures as £14,803 (previously £14,616) Share premium is presented in the comparative figures as £3,870,153 (previously £3,868,471)
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
1,864 
440 
24,272 
26,576 
At 31 December 2024
1,864 
440 
24,272 
26,576 
Depreciation
At 1 January 2024
282 
269 
14,069 
14,620 
Charge for the year
621 
147 
7,676 
8,444 
At 31 December 2024
903 
416 
21,745 
23,064 
Net book value
At 31 December 2024
961 
24 
2,527 
3,512 
At 31 December 2023
1,582 
171 
10,203 
11,956 
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Pillar Labs Ltd Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
5,645 
28,866 
Amounts due from group undertakings etc.
5,273 
32,038 
Accrued income and prepayments
13,177 
16,781 
Other debtors
10,800 
287,467 
34,895 
365,152 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
129,868 
39,712 
Taxes and social security
70,446 
2,298 
Other creditors
3,760 
6,659 
Loans from directors
28,546 
29,370 
Accruals
7,247 
7,247 
239,867 
85,286 
7
Transactions with related parties
Loans from Directors: At the balance sheet date £28,546 (2023: £29,370) was owed to the directors in respect of expenses paid on behalf of the company and other amounts due from the company. The total balance is interest-free, unsecured & repayable on demand.
8
Average number of employees
During the year the average number of employees was 10 (2023: 14).
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