Company registration number 10195118 (England and Wales)
LAB TRADE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
LAB TRADE LTD
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
142
190
Current assets
Debtors
5
82,651
87,529
Cash at bank and in hand
5,174
357
87,825
87,886
Creditors: amounts falling due within one year
6
(236,045)
(175,384)
Net current liabilities
(148,220)
(87,498)
Total assets less current liabilities
(148,078)
(87,308)
Creditors: amounts falling due after more than one year
7
(23,229)
(22,434)
Net liabilities
(171,307)
(109,742)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(171,407)
(109,842)
Total equity
(171,307)
(109,742)

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

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

The financial statements were approved by the board of directors and authorised for issue on 3 August 2026 and are signed on its behalf by:
Mr A Borzasi
Director
Company registration number 10195118 (England and Wales)
LAB TRADE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 2 -
1
Accounting policies
Company information

Lab Trade Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 31 Brackendale Drive, Barby, Rugby, Warwickshire, UK, CV23 8TJ.

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.

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.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% on reducing balance
1.4
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

LAB TRADE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 3 -
3
Employees

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

2025
2024
Number
Number
7
6
4
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 June 2024 and 31 May 2025
830
Depreciation and impairment
At 1 June 2024
640
Depreciation charged in the year
48
At 31 May 2025
688
Carrying amount
At 31 May 2025
142
At 31 May 2024
190
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
79,413
84,700
Other debtors
2,828
2,459
Prepayments and accrued income
410
370
82,651
87,529
6
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans and overdrafts
9,000
9,283
Trade creditors
3,191
-
0
Other creditors
219,639
161,886
Accruals and deferred income
4,215
4,215
236,045
175,384
LAB TRADE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 4 -
7
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
23,229
22,434
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