REGISTERED NUMBER: 13987017 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CO-LAB ENGINEERING LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C Albertelli

REGISTERED OFFICE:

Unit 13D

Sneckyeat Road Industrial Estate

Whitehaven

Cumbria

CA28 8PF

REGISTERED NUMBER:

13987017 (England and Wales)

BANKERS:

Virgin Money

Symington House

7 North Avenue Clydebank Business Park

Clydebank

G81 2NT

FIXED ASSETS

Intangible assets

4

912

-

Tangible assets

5

16,721

7,531

17,633

7,531

CURRENT ASSETS

Debtors

29,541

27,043

Cash at bank

73,869

22,560

103,410

49,603

CREDITORS

Amounts falling due within one year

78,971

47,644

NET CURRENT ASSETS

24,439

1,959

TOTAL ASSETS LESS CURRENT LIABILITIES

42,072

9,490

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

41,972

9,390

SHAREHOLDERS' FUNDS

42,072

9,490

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 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 6 October 2025 and were signed by:

Mr C Albertelli - Director

1.	STATUTORY INFORMATION

Co-Lab Engineering 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.

Turnover represents net invoiced sales of goods and services as adjusted for accrued income, excluding VAT.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of twenty five years.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

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 5 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

Additions

950

At 31 March 2025

950

AMORTISATION

Amortisation for year

38

At 31 March 2025

38

NET BOOK VALUE

At 31 March 2025

912

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

22,230

Additions

22,417

At 31 March 2025

44,647

DEPRECIATION

At 1 April 2024

14,699

Charge for year

13,227

At 31 March 2025

27,926

NET BOOK VALUE

At 31 March 2025

16,721

At 31 March 2024

7,531

6.	LEASING AGREEMENTS

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

31.3.25

31.3.24

£

£

Within one year

-

3,494

The vehicle leasing agreement was terminated during the financial year.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

8.	RELATED PARTY DISCLOSURES

During the year the director, Mr C Albertelli, had on an interest-free basis advanced £14,995 (2024: £26,620) to the company. This amount is unsecured and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr C Albertelli.