Registration number: 14555567

HyLabs Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

HyLabs Limited

Company Information

Directors

D Whitecross E Searle

Registered office

111-113 High St Evesham Worcestershire WR11 4XP

Accountants

Clement Rabjohns Limited Chartered Accountants111/113 High Street Evesham Worcestershire WR11 4XP

HyLabs Limited

(Registration number: 14555567)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	128,148	97,667
Current assets
Debtors	5	559	1,431
Cash at bank and in hand		110	1,776
		669	3,207
Creditors: Amounts falling due within one year	6	(142,925)	(82,963)
Net current liabilities		(142,256)	(79,756)
Net (liabilities)/assets		(14,108)	17,911
Capital and reserves
Called up share capital		2	2
Share premium reserve		58,000	58,000
Retained earnings		(72,110)	(40,091)
Shareholders' (deficit)/funds		(14,108)	17,911

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 November 2025 and signed on its behalf by:
 

......................................... D Whitecross Director

......................................... E Searle Director

HyLabs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
111-113 High St
Evesham
Worcestershire
WR11 4XP
United Kingdom

These financial statements were authorised for issue by the Board on 28 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Internally generated software development	Over 10 years

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

HyLabs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

HyLabs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Internally generated software development costs  £	Total £
Cost or valuation
At 1 April 2024	97,667	97,667
Additions internally developed	44,720	44,720
At 31 March 2025	142,387	142,387
Amortisation
Amortisation charge	14,239	14,239
At 31 March 2025	14,239	14,239
Carrying amount
At 31 March 2025	128,148	128,148
At 31 March 2024	97,667	97,667

5

Debtors

Current	2025 £	2024 £
Other debtors	559	1,431
	559	1,431

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest		26,059	-
Accruals and deferred income		4,746	3,000
Other creditors		112,120	79,963
		142,925	82,963

7	Parent and ultimate parent undertaking

The company's immediate parent is HyGroup Holdings Limited, incorporated in England and Wales.