| Registered number: 07081193 | ||||||||
| FOR THE YEAR ENDED 30/11/2025 | ||||||||
| Prepared By: | ||||||||
| David Williamson Ltd | ||||||||
| 12b Darwin Court | ||||||||
| Hawking Place | ||||||||
| Blackpool | ||||||||
| FY2 0JN | ||||||||
| Lab Records Limited | ||||||||
| ACCOUNTS | ||||||||
| FOR THE YEAR ENDED 30/11/2025 | ||||||||
| DIRECTORS | ||||||||
| REGISTERED OFFICE | ||||||||
| COMPANY DETAILS | ||||||||
| Private company limited by shares registered in EW - England and Wales, registered number 07081193 | ||||||||
| ACCOUNTANTS | ||||||||
| David Williamson Ltd | ||||||||
| 12b Darwin Court | ||||||||
| Hawking Place | ||||||||
| Blackpool | ||||||||
| FY2 0JN | ||||||||
| Lab Records Limited | ||||||||
| ACCOUNTS | ||||||||
| FOR THEYEARENDED30/11/2025 | ||||||||
| CONTENTS | ||||||||
| Page | ||||||||
| Directors' Report | - | |||||||
| Accountants' Report | - | |||||||
| Statement Of Comprehensive Income | - | |||||||
| Balance Sheet | 3 | |||||||
| Notes To The Accounts | 4 | |||||||
| The following do not form part of the statutory financial statements: | ||||||||
| Trading And Profit And Loss Account | - | |||||||
| Profit And Loss Account Summaries | - | |||||||
| Lab Records Limited | ||||||||
| BALANCE SHEET AT | ||||||||||
| 2025 | 2024 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Tangible assets | 3 | |||||||||
| CURRENT ASSETS | ||||||||||
| Stock | ||||||||||
| Debtors | 5 | |||||||||
| Current Asset Investments | 6 | |||||||||
| Cash at bank and in hand | ||||||||||
| 1,061,624 | 785,125 | |||||||||
| CREDITORS: Amounts falling due within one year | 7 | |||||||||
| NET CURRENT ASSETS | 544,539 | |||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | 8 | |||||||||
| Share premium account | 9 | |||||||||
| Profit and loss account | 902,834 | 709,234 | ||||||||
| SHAREHOLDERS' FUNDS | ||||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| Director | ||||||||||
| Lab Records Limited | ||||||||
| NOTES TO THE ACCOUNTS | ||||||||||
| FOR THE YEAR ENDED 30/11/2025 | ||||||||||
| 1. ACCOUNTING POLICIES |
| 1a. Basis Of Accounting | ||||||||
| The accounts have been prepared under the historical cost convention. | ||||||||
| The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . | ||||||||
| 1b. Depreciation | ||||||||
| Plant and Machinery | reducing balance 20% | |||||||
| Fixtures and Fittings | reducing balance 20% | |||||||
| Equipment | reducing balance 33% | |||||||
| 1c. Stocks | ||||||||
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
| When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. | ||||||||
| 2. EMPLOYEES | ||||||
| 2025 | 2024 | |||||
| No. | No. | |||||
| Average number of employees | 2 | |||||
| Lab Records Limited | ||||||||
| 3. TANGIBLE FIXED ASSETS | ||||||||||
| Land And | Plant and | Fixtures | ||||||||
| Buildings | Machinery | and Fittings | Equipment | Total | ||||||
| £ | £ | £ | £ | £ | ||||||
| Cost | ||||||||||
| At 01/12/2024 | 176,110 | 493 | 1,222 | 18,053 | 195,878 | |||||
| Additions | - | - | 247 | 1,832 | 2,079 | |||||
| At 30/11/2025 | 176,110 | 493 | 1,469 | 19,885 | 197,957 | |||||
| Depreciation | ||||||||||
| At 01/12/2024 | - | 397 | 637 | 14,147 | 15,181 | |||||
| For the year | - | 19 | 166 | 1,893 | 2,078 | |||||
| At 30/11/2025 | - | 416 | 803 | 16,040 | 17,259 | |||||
| Net Book Amounts | ||||||||||
| At 30/11/2025 | 180,698 | |||||||||
| At 30/11/2024 | 180,697 | |||||||||
| 4. STOCK | 2025 | 2024 | ||||
| £ | £ | |||||
| Stock comprises: | ||||||
| Stock | ||||||
| 5. DEBTORS | 2025 | 2024 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year | ||||||||
| Trade debtors | 313,558 | 185,675 | ||||||
| Other debtors | 8,000 | - | ||||||
| Directors current account | 200,373 | 1,650 | ||||||
| 521,931 | 187,325 | |||||||
| 6. CURRENT ASSET INVESTMENTS | ||||||||
| 2025 | 2024 | |||||||
| £ | £ | |||||||
| Other investments | - | 65,774 | ||||||
| Lab Records Limited | ||||||||
| 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2025 | 2024 | |||||||
| £ | £ | |||||||
| UK corporation tax | 68,993 | 61,569 | ||||||
| VAT | 19,159 | 14,687 | ||||||
| PAYE control | 3,820 | 390 | ||||||
| Bank loans and overdrafts | 22,061 | - | ||||||
| Mortgage | 126,000 | 126,000 | ||||||
| Credit card | 4,241 | 2,003 | ||||||
| Accruals | 79,212 | 35,937 | ||||||
| 323,486 | 240,586 | |||||||
| 8. SHARE CAPITAL | 2025 | 2024 | ||||||
| £ | £ | |||||||
| Allotted, issued and fully paid: | ||||||||
| 3 | 3 | |||||||
| 3 | 3 | |||||||
| 9. SHARE PREMIUM ACCOUNT | 2025 | 2024 | ||||
| £ | £ | |||||
| Share premium account | 15,999 | 15,999 |