Torbet Laboratories Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC041284

Torbet Laboratories Limited

Unaudited financial statements

31 March 2025

Torbet Laboratories Limited

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Investments	6		662		662

Current assets

Debtors	7	73,545	209,258
Cash at bank and in hand		3,227	50,616
		-------	---------
		76,772	259,874

Creditors: Amounts falling due within one year	8	( 162,107)		( 342,446)
		---------		---------
Net current liabilities			( 85,335)		( 82,572)
			-------		-------
Total assets less current liabilities			( 84,673)		( 81,910)

Accruals and deferred income	( 1,500)	( 2,039)
	-------	-------
Net liabilities	( 86,173)	( 83,949)
	-------	-------

Capital and reserves

Called up share capital	10,000	10,000
Profit and loss account	( 96,173)	( 93,949)
	-------	-------
Shareholders deficit	( 86,173)	( 83,949)
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 11 December 2025 , and are signed on behalf of the board by:

Miss P Ondhia

Director

Company registration number: SC041284

Torbet Laboratories Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is C/O 10th Floor, 133 Finnieston Street, Glasgow, United Kingdom, G3 8HB. The company's trading address is Unit 1, Wymondham Business Park, Chestnut Drive, Wymondham, Norfolk, NR18 9SB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The accounts have been prepared on the going concern basis despite the net current liabilities position at the year end as Cambridge Healthcare Supplies Limited has indicated it will not require repayment of the outstanding loan if it would be detrimental to the company's ability to continue trading.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences. Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis, at the tax rates that are expected to apply in the periods in which differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date .

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	Fully amortised

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of employees during the year was 3 (2024: 4 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	442,435
	---------
Amortisation
At 1 April 2024 and 31 March 2025	442,435
	---------
Carrying amount
At 31 March 2025	–
	---------
At 31 March 2024	–
	---------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2024 and 31 March 2025	662
	----
Impairment
At 1 April 2024 and 31 March 2025	–
	----

Carrying amount
At 31 March 2025	662
	----
At 31 March 2024	662
	----

7. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings	3,140	209,258
Other debtors	70,405	–
	-------	---------
	73,545	209,258
	-------	---------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Amounts owed to undertakings in which the company has a participating interest	162,107	332,498
Social security and other taxes	–	9,948
	---------	---------
	162,107	342,446
	---------	---------