ARGENT LABS LIMITED

ARGENT LABS LIMITED

ARGENT LABS LIMITED - Company Information

Print Friendly Version

1 January 2022 false No description of principal activity Taxfiler 2023.8 true 11093638business:PrivateLimitedCompanyLtd2022-01-012022-12-31 110936382021-12-31 110936382022-01-012022-12-31 11093638business:AuditExemptWithAccountantsReport2022-01-012022-12-31 11093638business:FilletedAccounts2022-01-012022-12-31 110936382022-12-31 11093638business:Director12022-01-012022-12-31 11093638business:Director22022-01-012022-12-31 11093638business:Director32022-01-012022-12-31 11093638business:RegisteredOffice2022-01-012022-12-31 110936382021-12-31 11093638core:WithinOneYear2022-12-31 11093638core:WithinOneYear2021-12-31 11093638core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 11093638core:ShareCapitalcore:PreviouslyStatedAmount2021-12-31 11093638core:SharePremiumcore:PreviouslyStatedAmount2022-12-31 11093638core:SharePremiumcore:PreviouslyStatedAmount2021-12-31 11093638core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 11093638core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-12-31 11093638core:PreviouslyStatedAmount2022-12-31 11093638core:PreviouslyStatedAmount2021-12-31 11093638business:SmallEntities2022-01-012022-12-31 11093638countries:EnglandWales2022-01-012022-12-31 11093638core:FurnitureFittings2022-01-012022-12-31 11093638core:ComputerEquipment2022-01-012022-12-31 11093638core:IntangibleAssetsOtherThanGoodwill2021-12-31 11093638core:IntangibleAssetsOtherThanGoodwill2022-12-31 11093638core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-31 11093638core:PlantMachinery2021-12-31 11093638core:FurnitureFittings2021-12-31 11093638core:ComputerEquipment2021-12-31 11093638core:PlantMachinery2022-01-012022-12-31 11093638core:PlantMachinery2022-12-31 11093638core:FurnitureFittings2022-12-31 11093638core:ComputerEquipment2022-12-31 11093638core:RevaluationsIncreaseDecreaseInInvestments2022-12-31 110936382021-01-012021-12-31 iso4217:GBP xbrli:pure
Company Registration No. 11093638 (England and Wales)
ARGENT LABS LIMITED Unaudited accounts for the year ended 31 December 2022
ARGENT LABS LIMITED Unaudited accounts Contents
Page
- 2 -
ARGENT LABS LIMITED Company Information for the year ended 31 December 2022
Directors
Itamar LESUISSE Julien Gregoire Georges Niset Kung- Yu Matthew Huang
Company Number
11093638 (England and Wales)
Registered Office
5 New Street Square LONDON EC4A 3TW UNITED KINGDOM
Accountants
Arth Limited 655 Milton Keynes Business Centre Foxhunter Drive Milton Keynes Buckinghamshire MK14 6GD
- 3 -
ARGENT LABS LIMITED Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
16,633 
19,713 
Tangible assets
5
56,349 
19,092 
Investments
6
887,862 
1,769,908 
960,844 
1,808,713 
Current assets
Debtors
7
115,456 
27,648 
Cash at bank and in hand
25,595,916 
3,752,026 
25,711,372 
3,779,674 
Creditors: amounts falling due within one year
8
(95,874)
(79,222)
Net current assets
25,615,498 
3,700,452 
Net assets
26,576,342 
5,509,165 
Capital and reserves
Called up share capital
6 
5 
Share premium
37,887,681 
12,313,876 
Profit and loss account
(11,311,345)
(6,804,716)
Shareholders' funds
26,576,342 
5,509,165 
For the year ending 31 December 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 18 September 2023 and were signed on its behalf by
Itamar LESUISSE Director Company Registration No. 11093638
- 4 -
ARGENT LABS LIMITED Notes to the Accounts for the year ended 31 December 2022
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 5 New Street Square, LONDON, EC4A 3TW, 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.
- 5 -
ARGENT LABS LIMITED Notes to the Accounts for the year ended 31 December 2022
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2022
30,800 
At 31 December 2022
30,800 
Amortisation
At 1 January 2022
11,087 
Charge for the year
3,080 
At 31 December 2022
14,167 
Net book value
At 31 December 2022
16,633 
At 31 December 2021
19,713 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2022
713 
2,553 
50,178 
53,444 
Additions
- 
1,730 
52,253 
53,983 
At 31 December 2022
713 
4,283 
102,431 
107,427 
Depreciation
At 1 January 2022
327 
1,629 
32,396 
34,352 
Charge for the year
178 
661 
15,887 
16,726 
At 31 December 2022
505 
2,290 
48,283 
51,078 
Net book value
At 31 December 2022
208 
1,993 
54,148 
56,349 
At 31 December 2021
386 
924 
17,782 
19,092 
6
Investments
Other investments 
£ 
Valuation at 1 January 2022
1,769,908 
Fair value adjustments
(882,046)
Valuation at 31 December 2022
887,862 
7
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
36,078 
- 
Accrued income and prepayments
79,378 
25,600 
Other debtors
- 
2,048 
115,456 
27,648 
- 6 -
ARGENT LABS LIMITED Notes to the Accounts for the year ended 31 December 2022
8
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Obligations under finance leases and hire purchase contracts
(1,865)
(1,865)
Trade creditors
38,333 
53,058 
Taxes and social security
- 
(18,892)
Other creditors
41,000 
15,496 
Accruals
18,406 
31,425 
95,874 
79,222 
9
Average number of employees
During the year the average number of employees was 13 (2021: 7).
- 7 -