ARGENT LABS LIMITED

ARGENT LABS LIMITED

ARGENT LABS LIMITED - Company Information

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Company Registration No. 11093638 (England and Wales)
ARGENT LABS LIMITED Unaudited accounts for the year ended 31 December 2019
ARGENT LABS LIMITED Unaudited accounts Contents
Page
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ARGENT LABS LIMITED Company Information for the year ended 31 December 2019
Directors
Itamar LESUISSE Julien Gregoire Georges Niset Kung- Yu Matthew Huang
Company Number
11093638 (England and Wales)
Registered Office
9th Floor 107 Cheapside LONDON EC2V 6DN UNITED KINGDOM
Accountants
Alexander Rosse Limited 153 Milton Keynes Business Centre Foxhunter Drive Milton Keynes Buckinghamshire MK14 6GD
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ARGENT LABS LIMITED Statement of financial position as at 31 December 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
25,873 
28,953 
Tangible assets
5
22,250 
23,658 
48,123 
52,611 
Current assets
Debtors
6
20,043 
24,688 
Cash at bank and in hand
1,215,709 
2,131,420 
1,235,752 
2,156,108 
Creditors: amounts falling due within one year
7
(343,069)
130,718 
Net current assets
892,683 
2,286,826 
Net assets
940,806 
2,339,437 
Capital and reserves
Called up share capital
4 
4 
Share premium
3,187,000 
3,187,000 
Profit and loss account
(2,246,198)
(847,567)
Shareholders' funds
940,806 
2,339,437 
For the year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2020 and were signed on its behalf by
Itamar LESUISSE Director Company Registration No. 11093638
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ARGENT LABS LIMITED Notes to the Accounts for the year ended 31 December 2019
1
Statutory information
ARGENT LABS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11093638. The registered office is 9th Floor 107, Cheapside, LONDON, EC2V 6DN, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the company continues to adopt the going concern basis of accounting in preparing the financial statements.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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ARGENT LABS LIMITED Notes to the Accounts for the year ended 31 December 2019
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2019
30,800 
At 31 December 2019
30,800 
Amortisation
At 1 January 2019
1,847 
Charge for the year
3,080 
At 31 December 2019
4,927 
Net book value
At 31 December 2019
25,873 
At 31 December 2018
28,953 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2019
1,205 
25,537 
26,742 
Additions
762 
4,704 
5,466 
At 31 December 2019
1,967 
30,241 
32,208 
Depreciation
At 1 January 2019
46 
3,038 
3,084 
Charge for the year
453 
6,421 
6,874 
At 31 December 2019
499 
9,459 
9,958 
Net book value
At 31 December 2019
1,468 
20,782 
22,250 
At 31 December 2018
1,159 
22,499 
23,658 
6
Debtors
2019 
2018 
£ 
£ 
Accrued income and prepayments
20,043 
13,000 
Other debtors
- 
11,688 
20,043 
24,688 
7
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Trade creditors
(11,651)
933 
Taxes and social security
(7,949)
(144,084)
Other creditors
338,052 
- 
Accruals
24,617 
12,433 
343,069 
(130,718)
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ARGENT LABS LIMITED Notes to the Accounts for the year ended 31 December 2019
8
Average number of employees
During the year the average number of employees was 7 (2018: 6).
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