Lab Plant UK Limited - Filleted accounts

Registered number

05466778

Lab Plant UK Limited

Filleted Accounts

31 March 2026

Lab Plant UK Limited
Registered number:		05466778
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		4,468			4,468
Tangible assets	4		31,262			35,255
			35,730			39,723

Current assets
Stocks		82,188			87,354
Debtors	5	140,949			181,057
Cash at bank and in hand		522,311			494,838
		745,448			763,249

Creditors: amounts falling due within one year	6	(49,983)			(52,306)

Net current assets			695,465			710,943

Net assets			731,195			750,666

Capital and reserves
Called up share capital			1,007			1,007
Profit and loss account			730,188			749,659

Shareholders' funds			731,195			750,666

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr B Waters
Director
Approved by the board on 10 August 2026

Lab Plant UK Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	15% reducing balance/33% straight line
	Motor vehicles	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			0		0

3	Intangible fixed assets

£
	Cost
	At 1 April 2025					4,468
	At 31 March 2026					4,468

	Amortisation
	At 31 March 2026					-

	Net book value
	At 31 March 2026					4,468
	At 31 March 2025					4,468

	Development costs are capitalised only if they are reliably measurable, the product or process is technically and commercially feasible, it is probable that future economic benefits will be generated and the Company has the intention and sufficient resources to complete the development and to use or sell them. Other development costs are recognised as an expense as incurred.

4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2025	7,436		78,175		85,611
	At 31 March 2026	7,436		78,175		85,611

	Depreciation
	At 1 April 2025	-		50,356		50,356
	Charge for the year	-		3,993		3,993
	At 31 March 2026	-		54,349		54,349

	Net book value
	At 31 March 2026	7,436		23,826		31,262
	At 31 March 2025	7,436		27,819		35,255


5	Debtors			2026		2025
£					£

	Trade debtors			50,059		125,322
	Other debtors			90,890		55,735
				140,949		181,057


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			41,374		26,884
	Taxation and social security costs			6,396		23,199
	Other creditors			2,213		2,223
				49,983		52,306

7	Other information

	Lab Plant UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 1b Hunmanby Industrial Estate
	Hunmanby
	Filey
	North Yorkshire
	YO14 0PH