Registration number: 07927587

Form Lab Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 6

Form Lab Ltd

(Registration number: 07927587)
Balance Sheet as at 30 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	2,458	3,124
Current assets
Debtors	6	35,376	18,072
Cash at bank and in hand		7,187	20,173
		42,563	38,245
Creditors: Amounts falling due within one year	7	(27,288)	(24,130)
Net current assets		15,275	14,115
Total assets less current liabilities		17,733	17,239
Creditors: Amounts falling due after more than one year	7	(15,806)	(15,806)
Provisions for liabilities		(467)	(594)
Net assets		1,460	839
Capital and reserves
Called up share capital		200	200
Retained earnings		1,260	639
Shareholders' funds		1,460	839

For the financial year ending 30 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 23 October 2023
 

Mr D Jones Director

Form Lab Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 January 2026

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ
England

These financial statements were authorised for issue by the director on 23 October 2023.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Form Lab Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 January 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	33% straight line
Office equipment	33% straight line

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2025 - 1).

4	Profit before tax

Arrived at after charging/(crediting)

	2026 £	2025 £
Depreciation expense	2,082	1,562

Form Lab Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 January 2026

5	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 31 January 2025	15,541	1,591	17,132
Additions	1,416	-	1,416
At 30 January 2026	16,957	1,591	18,548
Depreciation
At 31 January 2025	12,417	1,591	14,008
Charge for the year	2,082	-	2,082
At 30 January 2026	14,499	1,591	16,090
Carrying amount
At 30 January 2026	2,458	-	2,458
At 30 January 2025	3,124	-	3,124

6

Debtors

Current	2026 £	2025 £
Trade debtors	20,646	-
Prepayments	-	149
Other debtors	14,730	17,923
	35,376	18,072

Form Lab Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 January 2026

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings		10,926	10,926
Taxation and social security		13,715	7,624
Accruals and deferred income		1,000	4,327
Other creditors		1,647	1,253
		27,288	24,130