Company Registration No. 10791940 (England and Wales)
MySales Labs Ltd
Unaudited accounts
for the year ended 31 May 2023
MySales Labs Ltd
Unaudited accounts
Contents
MySales Labs Ltd
Company Information
for the year ended 31 May 2023
Company Number
10791940 (England and Wales)
Registered Office
37 Cremer Street
Office 422, Brickfields Business Centre
London
E2 8HD
United Kingdom
Accountants
Zian Accounting LTD
37 Cremer Street
Office 422
Brickfields Business Centre
London
E2 8HD
MySales Labs Ltd
Statement of financial position
as at 31 May 2023
Intangible assets
207,315
248,410
Cash at bank and in hand
205,918
133,067
Creditors: amounts falling due within one year
(325,694)
(331,072)
Net current liabilities
(125,057)
(198,005)
Called up share capital
100
100
Profit and loss account
94,679
62,826
Shareholders' funds
94,779
62,926
For the year ending 31 May 2023 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 director acknowledges his 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 and authorised for issue on 23 January 2024 and were signed on its behalf by
Andreas Lazarou
Director
Company Registration No. 10791940
MySales Labs Ltd
Notes to the Accounts
for the year ended 31 May 2023
MySales Labs Ltd is a private company, limited by shares, registered in England and Wales, registration number 10791940. The registered office is 37 Cremer Street, Office 422, Brickfields Business Centre , London, E2 8HD, United Kingdom.
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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.
Intangible fixed assets are software and are included at cost less accumulated amortisation.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Intangible fixed assets
Other
Charge for the year
41,095
intangible fixed assets are software use for business
MySales Labs Ltd
Notes to the Accounts
for the year ended 31 May 2023
5
Investments
Other investments
Valuation at 1 June 2022
12,521
Valuation at 31 May 2023
12,521
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
294,257
297,517
Taxes and social security
13,147
5,218
Other creditors
18,290
18,054
Loans from directors
-
10,283
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Average number of employees
During the year the average number of employees was 1 (2022: 1).