FLOAT LABS LIMITED


Directors	KINNISH, Neil Edward
	OKUNIEW, David Joseph


Registered Address	Arquen House
	4-6 Spicer Street
	St. Albans
	AL3 4PQ


Registered Number	15626011 (England and Wales)

Balance Sheet as at
30 April 2025

	Notes	2025
		£	£
Fixed assets
Tangible assets	4		7,425
			7,425
Current assets
Debtors	5	21,481
Cash at bank and on hand		1,387,201
		1,408,682
Creditors amounts falling due within one year	6	(3,862)
Net current assets (liabilities)			1,404,820
Total assets less current liabilities			1,412,245
Net assets			1,412,245
Capital and reserves
Called up share capital			126
Share premium			1,344,778
Other reserves			521,136
Profit and loss account			(453,795)
Shareholders' funds			1,412,245

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 10 November 2025, and are signed on its behalf by:

KINNISH, Neil Edward
Director
Registered Company No. 15626011

FLOAT LABS LIMITED

Notes to the Financial Statements
for the period ended 30 April 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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 rendering of services.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	4

2.	Average number of employees


		2025
	Average number of employees during the year	1

3.	Further information regarding the company's income
	The Profit and Loss Account covers the period from 8 April 2024 to 30 April 2025. This represents the company’s first accounting period.

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
Additions	8,914	8,914
At 30 April 25	8,914	8,914
Depreciation and impairment
Charge for year	1,489	1,489
At 30 April 25	1,489	1,489
Net book value
At 30 April 25	7,425	7,425
At 07 April 24	-	-

5.	Debtors: amounts due within one year

		2025
		£
	Other debtors	20,688
	Prepayments and accrued income	793
	Total	21,481

6.	Creditors: amounts due within one year

		2025
		£
	Trade creditors / trade payables	567
	Other creditors	506
	Accrued liabilities and deferred income	2,789
	Total	3,862


	At the balance sheet date, the Company owed £506 to a Director and this amount is included within other creditors. The loan is unsecured, interest free and repayable on demand.

7.	Operating lease commitments
	At 30 April 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £13,372.

8.	Further information regarding the company's financial position
	Included in Other Reserves are Simple Agreements for Future Equity (SAFEs) totalling £521,136. The SAFE agreements are non-repayable and will convert to equity at a future date.