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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
Page
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MySales Labs Ltd Company Information for the year ended 31 May 2023
Director
Andreas Lazarou
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
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MySales Labs Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
207,315 
248,410 
Investments
12,521 
12,521 
219,836 
260,931 
Current assets
Debtors
(5,281)
- 
Cash at bank and in hand
205,918 
133,067 
200,637 
133,067 
Creditors: amounts falling due within one year
(325,694)
(331,072)
Net current liabilities
(125,057)
(198,005)
Net assets
94,779 
62,926 
Capital and reserves
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
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MySales Labs Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
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.
Intangible fixed assets
Intangible fixed assets are software and are included at cost less accumulated amortisation.
Foreign exchange
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
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.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2022
334,931 
At 31 May 2023
334,931 
Amortisation
At 1 June 2022
86,521 
Charge for the year
41,095 
At 31 May 2023
127,616 
Net book value
At 31 May 2023
207,315 
At 31 May 2022
248,410 
intangible fixed assets are software use for business
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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 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
(5,281)
- 
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 
325,694 
331,072 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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