Company registration number 07188300 (England and Wales)
LABTEC INTERNATIONAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
LABTEC INTERNATIONAL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
LABTEC INTERNATIONAL LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
6,000
6,000
Current assets
Debtors falling due after more than one year
5
142,116
143,738
Debtors falling due within one year
5
16,630
16,630
158,746
160,368
Creditors: amounts falling due within one year
6
(22,629)
(22,629)
Net current assets
136,117
137,739
Total assets less current liabilities
142,117
143,739
Creditors: amounts falling due after more than one year
7
(142,116)
(143,738)
Net assets
1
1
Capital and reserves
Called up share capital
8
1
1

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 15 March 2026
E A Blake
Director
Company Registration No. 07188300
LABTEC INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
Company information

Labtec International Limited is a private company limited by shares incorporated in England and Wales. The registered office is Newday House, First Avenue, Weston Road, Crewe, Cheshire, United Kingdom, CW1 6BE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest. Financial assets classified as receivable within one year are not amortised.

LABTEC INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 3 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Fixed asset investments
2025
2024
£
£
Unlisted investments
6,000
6,000
Movements in fixed asset investments
Unlisted investments
£
Cost or valuation
At 1 July 2024 & 30 June 2025
6,000
Carrying amount
At 30 June 2025
6,000
At 30 June 2024
6,000
LABTEC INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -
4
Subsidiaries

Details of the company's subsidiaries at 30 June 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Equiform Nutrition Limited
United Kingdom
Ordinary shares
55.00
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts due from group undertakings
16,630
16,630
2025
2024
Amounts falling due after more than one year:
£
£
Amounts due from group undertakings
142,116
143,738
Total debtors
158,746
160,368
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
16,629
16,629
Amounts due to group undertakings
6,000
6,000
22,629
22,629

The bank loans and overdrafts are secured by way of a fixed and floating charge over all the company's assets in favour of Santander.

Close Brothers Limited hold a fixed and floating charge created on 15th August 2017 over all the assets of the company.

Director E A Blake has given a personal guarantee against the bank loan taken out of £275,000.

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
142,116
143,738

Close Brothers Limited hold a fixed and floating charge created on 15th August 2017 over all the assets of the company.

Director E A Blake has given a personal guarantee against the bank loan taken out of £275,000.

LABTEC INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 5 -
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1
9
Related party transactions

At the balance sheet date the company is owed £158,745 (2024: £160,368) by Form Nutrition Limited, a company related by common control of the director. During the year the company charged interest on the loan of £5,915 (2024: £7,033).

Included within creditors due within one year is a balance due to Form Nutrition Limited, totalling £6,000 (2024: £6,000).

10
Parent company

The ultimate controlling party is E A Blake.

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