Company Registration No. 11093638 (England and Wales)
ARGENT LABS LIMITED
Unaudited accounts
for the year ended 31 December 2020
ARGENT LABS LIMITED
Unaudited accounts
Contents
ARGENT LABS LIMITED
Company Information
for the year ended 31 December 2020
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
ARGENT LABS LIMITED
Statement of financial position
as at 31 December 2020
Intangible assets
22,793
25,873
Tangible assets
31,748
22,250
Cash at bank and in hand
6,960,731
1,215,709
Creditors: amounts falling due within one year
214,834
(99,973)
Net current assets
7,178,877
1,135,779
Net assets
7,233,418
1,183,902
Called up share capital
5
4
Share premium
12,313,876
3,187,000
Profit and loss account
(5,080,463)
(2,003,102)
Shareholders' funds
7,233,418
1,183,902
For the year ending 31 December 2020 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 6 August 2021 and were signed on its behalf by
Itamar LESUISSE
Director
Company Registration No. 11093638
ARGENT LABS LIMITED
Notes to the Accounts
for the year ended 31 December 2020
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Expenditure on research and development is written off in the year in which it is incurred.
ARGENT LABS LIMITED
Notes to the Accounts
for the year ended 31 December 2020
4
Intangible fixed assets
Other
At 31 December 2020
30,800
At 31 December 2020
22,793
At 31 December 2019
25,873
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2020
-
1,967
30,241
32,208
Additions
713
586
19,282
20,581
At 31 December 2020
713
2,553
49,523
52,789
At 1 January 2020
-
499
9,459
9,958
Charge for the year
149
493
10,441
11,083
At 31 December 2020
149
992
19,900
21,041
At 31 December 2020
564
1,561
29,623
31,748
At 31 December 2019
-
1,468
20,782
22,250
6
Debtors: amounts falling due within one year
2020
2019
Accrued income and prepayments
3,312
20,043
7
Creditors: amounts falling due within one year
2020
2019
Trade creditors
(6,640)
(11,651)
Taxes and social security
(260,002)
(251,045)
Other creditors
17,194
338,052
8
Average number of employees
During the year the average number of employees was 7 (2019: 7).
