Acorah Software Products - Accounts Production 16.4.675 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 07129152 Mr Stephen Willey Mrs Michelle Willey Mr S and Mrs M willey true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07129152 2024-01-31 07129152 2025-01-31 07129152 2024-02-01 2025-01-31 07129152 frs-core:CurrentFinancialInstruments 2025-01-31 07129152 frs-core:Non-currentFinancialInstruments 2025-01-31 07129152 frs-core:MotorVehicles 2025-01-31 07129152 frs-core:MotorVehicles 2024-02-01 2025-01-31 07129152 frs-core:MotorVehicles 2024-01-31 07129152 frs-core:PlantMachinery 2025-01-31 07129152 frs-core:PlantMachinery 2024-02-01 2025-01-31 07129152 frs-core:PlantMachinery 2024-01-31 07129152 frs-core:WithinOneYear 2025-01-31 07129152 frs-core:ShareCapital 2025-01-31 07129152 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 07129152 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 07129152 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 07129152 frs-bus:SmallEntities 2024-02-01 2025-01-31 07129152 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 07129152 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 07129152 1 2024-02-01 2025-01-31 07129152 frs-bus:Director1 2024-02-01 2025-01-31 07129152 frs-bus:Director2 2024-02-01 2025-01-31 07129152 frs-core:CurrentFinancialInstruments 1 2025-01-31 07129152 frs-core:CurrentFinancialInstruments 3 2025-01-31 07129152 frs-countries:EnglandWales 2024-02-01 2025-01-31 07129152 2023-01-31 07129152 2024-01-31 07129152 2023-02-01 2024-01-31 07129152 frs-core:CurrentFinancialInstruments 2024-01-31 07129152 frs-core:Non-currentFinancialInstruments 2024-01-31 07129152 frs-core:WithinOneYear 2024-01-31 07129152 frs-core:ShareCapital 2024-01-31 07129152 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 07129152 frs-core:CurrentFinancialInstruments 1 2024-01-31 07129152 frs-core:CurrentFinancialInstruments 3 2024-01-31
Registered number: 07129152
UK Labs Direct Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
DEB Chartered Accountants
UK Labs Direct Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
UK Labs Direct Limited
Balance Sheet
As At 31 January 2025
Balance Sheet
Registered number: 07129152

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 2,081 |  | 2,055
|  |  | 2,081 |  | 2,055
CURRENT ASSETS
Stocks | 5 | 326,890 |  | 327,465 |
Debtors | 6 | 34,534 |  | 7,534 |
Cash at bank and in hand |  | 17,004 |  | 4,372 |
|  | 378,428 |  | 339,371 |
Creditors: Amounts Falling Due Within One Year | 7 | (249,916 ) |  | (234,573 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 128,512 |  | 104,798
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 130,593 |  | 106,853
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (5,850 ) |  | (11,700 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 9 |  | (530 ) |  | (391 )
NET ASSETS |  |  | 124,213 |  | 94,762
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100 |  | 100
Profit and Loss Account |  |  | 124,113 |  | 94,662
SHAREHOLDERS' FUNDS |  |  | 124,213 |  | 94,762

Page 1
Page 2
UK Labs Direct Limited
Balance Sheet (continued)
As At 31 January 2025
For the year ending 31 January 2025 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 Stephen Willey Director
09/10/2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
UK Labs Direct Limited
Notes to the Financial Statements
For The Year Ended 31 January 2025
Notes to the Financial Statements
1. General Information
UK Labs Direct Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07129152 . The registered office is 19 Middlewoods Way, Wharncliffe Business Park, Barnsley, South Yorkshire, S71 3HR.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:

Tools and Equipment | 25% reducing balance
Motor Vehicles | 25% reducing balance

2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year 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 is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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.
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UK Labs Direct Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was:

| 2025 |  | 2024
--- | --- | --- | ---
Office and administration | 3 |  | 2
| 3 |  | 2

4. Tangible Assets

| Tools and Equipment | Motor Vehicles | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 February 2024 | 16,164 | 17,415 | 33,579
Additions | 719 | - | 719
As at 31 January 2025 | 16,883 | 17,415 | 34,298
Depreciation
As at 1 February 2024 | 14,651 | 16,873 | 31,524
Provided during the period | 558 | 135 | 693
As at 31 January 2025 | 15,209 | 17,008 | 32,217
Net Book Value
As at 31 January 2025 | 1,674 | 407 | 2,081
As at 1 February 2024 | 1,513 | 542 | 2,055

5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 326,890 |  | 327,465

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 32,160 |  | 5,055
Prepayments and accrued income | 724 |  | 929
Bond | 1,650 |  | 1,550
| 34,534 |  | 7,534

Page 4
Page 5
UK Labs Direct Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 3,529 |  | 107
Bank loans and overdrafts | 5,850 |  | 5,850
Corporation tax | 8,815 |  | 4,068
PAYE control | 433 |  | 444
VAT | 3,903 |  | 145
Pension Control | 129 |  | -
Accruals and deferred income | 3,055 |  | 2,577
Directors' loan accounts | 224,202 |  | 221,382
| 249,916 |  | 234,573

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

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 5,850 |  | 11,700

9. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other timing differences | 530 |  | 391

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

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

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 5,400 |  | -
| 5,400 |  | -

12. Directors Advances, Credits and Guarantees
Dividends paid to directors

| 2025 | 2024
--- | --- | ---
| £ | £
Mr Stephen Willey | 1,000 | -
Mrs Michelle Willey | 960 | -

Page 5
Page 6
UK Labs Direct Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
13. Dividends

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
On equity shares:
Interim dividend paid | 1,960 |  | -

14. Related Party Transactions
The company is controlled by Mr & Mrs Willey, directors and shareholders of the company.
The balance on the directors' loan account of Mr & Mrs Willey at 31st January 2025 was £224,202 due from the Company (2024 - £221,382).
15. Ultimate Controlling Party
The company's ultimate controlling party is Mr S and Mrs M willey by virtue of their ownership of 100% of the issued share capital in the company.
Page 6