Totallab Limited

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

1. General Information

Totallab Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06253160 . The registered office is 69 Church Way, North Shields, NE29 0AE.

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.

Functional and Presentational Currency

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

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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets represents software costs previously amortised over a useful life of two years.

2.4. Research and Development

Expenditure on research and development is written off against profits in the year in which it is incurred.

2.5. 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:

Fixtures & Fittings	15% reducing balance
Computer Equipment	3 years straight line

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.7. Financial Instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value , with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

2.8. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Totallab Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.9. 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.10. 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.

2.11. 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. An associate is an entity, being neither a subsidairy nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate. Entities in which the company has a long-term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

2.12. Cash and Cash Equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

2.13. Additional Accounting Policies

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.

Employee Benefits Policy

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2024: 7)

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Totallab Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

4. Intangible Assets

	Other
	£
Cost
As at 1 October 2024	83,333

As at 30 September 2025	83,333

Amortisation
As at 1 October 2024	83,333

As at 30 September 2025	83,333

Net Book Value
As at 30 September 2025	-

As at 1 October 2024	-

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 October 2024	1,950	25,659	27,609
Additions	-	4,497	4,497

As at 30 September 2025	1,950	30,156	32,106

Depreciation
As at 1 October 2024	1,173	21,510	22,683
Provided during the period	122	2,981	3,103

As at 30 September 2025	1,295	24,491	25,786

Net Book Value
As at 30 September 2025	655	5,665	6,320

As at 1 October 2024	777	4,149	4,926

6. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 October 2024	1
Disposals	(1 )

As at 30 September 2025	-

Provision
As at 1 October 2024	-

As at 30 September 2025	-

...CONTINUED

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Totallab Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

Net Book Value
As at 30 September 2025	-

As at 1 October 2024	1

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	104,856	28,845
Prepayments and accrued income	11,146	11,722
Other debtors	24,494	1,793
VAT	4,357	4,362

	144,853	46,722

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	7,212	10,615
Corporation tax	19,268	18,876
Other taxes and social security	8,524	5,879
Other creditors	1,655	5,231
Accruals and deferred income	76,490	80,093
Amounts owed to group undertakings	-	1,508

	113,149	122,202

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

	2025	2024
	£	£
Amounts owed to group undertakings	1,353	-

10. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
1 Ordinary Shares of £ 1 each	1	1

11. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions totalling £1,788 (2023 - £1,220) were payable to the fund at the balance sheet date and are included in creditors.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		6,320		4,926
Investments	6		-		1

			6,320		4,927
CURRENT ASSETS
Debtors	7	144,853		46,722
Cash at bank and in hand		237,494		458,230

		382,347		504,952
Creditors: Amounts Falling Due Within One Year	8	(113,149 )		(122,202 )

NET CURRENT ASSETS (LIABILITIES)			269,198		382,750

TOTAL ASSETS LESS CURRENT LIABILITIES			275,518		387,677

Creditors: Amounts Falling Due After More Than One Year	9		(1,353 )		-

NET ASSETS			274,165		387,677

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and Loss Account			274,164		387,676

SHAREHOLDERS' FUNDS			274,165		387,677