Company Registration No. 09873446 (England and Wales)
Prospective Labs Ltd
Unaudited accounts
for the year ended 30 November 2022
Prospective Labs Ltd
Unaudited accounts
Contents
Prospective Labs Ltd
Company Information
for the year ended 30 November 2022
Directors
John Michael Batty CBE
Peter Alexander Ferguson
Company Number
09873446 (England and Wales)
Registered Office
85 Tottenham Court Road
London
W1T 4TQ
Accountants
Braant Ltd
20 to 22 Wenlock Road
London
N1 7GU
Prospective Labs Ltd
Statement of financial position
as at 30 November 2022
Tangible assets
2,711
2,808
Cash at bank and in hand
505,421
721,335
Creditors: amounts falling due within one year
(103,598)
(89,688)
Net current assets
480,126
719,347
Total assets less current liabilities
482,837
722,155
Creditors: amounts falling due after more than one year
(50,200)
(94,300)
Net assets
432,637
627,855
Called up share capital
2
2
Profit and loss account
432,635
627,853
Shareholders' funds
432,637
627,855
For the year ending 30 November 2022 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 19 August 2023 and were signed on its behalf by
Peter Alexander Ferguson
Director
Company Registration No. 09873446
Prospective Labs Ltd
Notes to the Accounts
for the year ended 30 November 2022
Prospective Labs Ltd is a private company, limited by shares, registered in England and Wales, registration number 09873446. The registered office is 85 Tottenham Court Road, London, W1T 4TQ.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Computer equipment
Over the life of the IUK contract
Work in progress is valued at anticipated invoice value in accordance with the IUK contract
4
Tangible fixed assets
Computer equipment
At 30 November 2022
15,728
At 30 November 2022
13,017
Prospective Labs Ltd
Notes to the Accounts
for the year ended 30 November 2022
Amounts falling due within one year
Accrued income and prepayments
78,303
87,700
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
50,970
51,497
Other creditors
35,394
38,191
7
Creditors: amounts falling due after more than one year
2022
2021
Other creditors
50,200
94,300
8
Average number of employees
During the year the average number of employees was 10 (2021: 9).
