Demonstrable Labs Ltd - Period Ending 2021-09-30

Demonstrable Labs Ltd

Contents

Company Information	1
Accountants' Report	2
Abridged Balance Sheet	3
Notes to the Unaudited Abridged Financial Statements	4 to 5

Demonstrable Labs Ltd

Company Information

Directors

Mr Alastair Moore Mr Richard Groves

Registered office

20-22 Wenlock Road London N1 7GU

Accountants

Integer Unit 3 Upp Hall Farm Salmons Lane Colchester Essex CO6 1RY

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Demonstrable Labs Ltd
for the Year Ended 30 September 2021

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Demonstrable Labs Ltd for the year ended 30 September 2021 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Demonstrable Labs Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Demonstrable Labs Ltd and state those matters that we have agreed to state to the Board of Directors of Demonstrable Labs Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Demonstrable Labs Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Demonstrable Labs Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Demonstrable Labs Ltd. You consider that Demonstrable Labs Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Demonstrable Labs Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Integer
Unit 3 Upp Hall Farm
Salmons Lane
Colchester
Essex
CO6 1RY

30 June 2022

Demonstrable Labs Ltd

(Registration number: 08232806)
Abridged Balance Sheet as at 30 September 2021

	Note	2021 £	2020 £
Fixed assets
Tangible assets	5	1,333	1,999
Current assets
Debtors		7,659	-
Cash at bank and in hand		1,231	17,876
		8,890	17,876
Creditors: Amounts falling due within one year		(1,179)	(4,767)
Net current assets		7,711	13,109
Total assets less current liabilities		9,044	15,108
Accruals and deferred income		(1,000)	(700)
Net assets		8,044	14,408
Capital and reserves
Called up share capital	6	40	40
Profit and loss account		8,004	14,368
Shareholders' funds		8,044	14,408

For the financial year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 30 June 2022 and signed on its behalf by:
 

.........................................

Mr Alastair Moore
Director

Demonstrable Labs Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2021

1	General information

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

The address of its registered office is:
20-22 Wenlock Road
London
N1 7GU
England

These financial statements were authorised for issue by the Board on 30 June 2022.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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.

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
Office equipment	straight line, 3 years

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2020 - 1).

Demonstrable Labs Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2021

4	Loss/profit before tax

Arrived at after charging/(crediting)

	2021 £	2020 £
Depreciation expense	667	-

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 October 2020	1,999	1,999
At 30 September 2021	1,999	1,999
Depreciation
Charge for the year	666	666
At 30 September 2021	666	666
Carrying amount
At 30 September 2021	1,333	1,333
At 30 September 2020	1,999	1,999

6	Share capital

Allotted, called up and fully paid shares

	2021		2020
	No.	£	No.	£
ordinary shares of £1 each	40	40	40	40