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Registration number: SC203696

Verilab Ltd.

Filleted Financial Statements

for the Year Ended 31 December 2022

 

Verilab Ltd.

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Financial Statements

3

 

Verilab Ltd.

Company Information

Directors

Dr Thomas Kelly

Mr Jason Sprott

Registered office

272 Bath Street
GLASGOW
G2 4JR

Accountants

AIMS Accountants for Business
Hudson House
8 Albany Street
Edinburgh
EH1 3QB

 

Chartered Management Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Verilab Ltd.
for the Year Ended 31 December 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Verilab Ltd. for the year ended 31 December 2022 as set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Verilab Ltd., as a body, in accordance with the terms of our engagement letter dated 16 March 2023. Our work has been undertaken solely to prepare for your approval the accounts of Verilab Ltd. and state those matters that we have agreed to state to the Board of Directors of Verilab 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 Verilab Ltd. and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Verilab 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 profit of Verilab Ltd.. You consider that Verilab 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 Verilab 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.

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

AIMS Accountants for Business
Hudson House
8 Albany Street
Edinburgh
EH1 3QB

29 September 2023

 

Verilab Ltd.

(Registration number: SC203696)
Balance Sheet as at 31 December 2022

2022
£

2021
£

Fixed assets

346,551

333,893

Current assets

1,354,720

1,363,459

Prepayments and accrued income

3,400

3,400

Creditors: Amounts falling due within one year

(56,700)

(71,903)

Net current assets

1,301,420

1,294,956

Total assets less current liabilities

1,647,971

1,628,849

Creditors: Amounts falling due after more than one year

(35,650)

(50,000)

 

1,612,321

1,578,849

Capital and reserves

1,612,321

1,578,849

1

General information

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

The address of its registered office is:
272 Bath Street
GLASGOW
G2 4JR
Scotland

These financial statements were authorised for issue by the Board on 29 September 2023.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2021 - 3).

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 29 September 2023 and signed on its behalf by:
 

 

Verilab Ltd.

(Registration number: SC203696)
Balance Sheet as at 31 December 2022

.........................................
Dr Thomas Kelly
Director