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
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
ARGENT LABS LIMITED
Statement of financial position
as at 31 December 2022
Intangible assets
16,633
19,713
Tangible assets
56,349
19,092
Investments
887,862
1,769,908
Cash at bank and in hand
25,595,916
3,752,026
Creditors: amounts falling due within one year
(95,874)
(79,222)
Net current assets
25,615,498
3,700,452
Net assets
26,576,342
5,509,165
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
ARGENT LABS LIMITED
Notes to the Accounts
for the year ended 31 December 2022
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.
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 2022
4
Intangible fixed assets
Other
At 31 December 2022
30,800
At 31 December 2022
14,167
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
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
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
Amounts falling due within one year
Accrued income and prepayments
79,378
25,600
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
9
Average number of employees
During the year the average number of employees was 13 (2021: 7).