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REGISTERED NUMBER: 09892966 (England and Wales)















Financial Statements for the Year Ended 31 December 2022

for

eScribers Ltd

eScribers Ltd (Registered number: 09892966)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


eScribers Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTORS: J A Bak
J J Klahr
J Mandelbaum
J R Zimbalist





SECRETARY: Elemental Company Secretary Limited





REGISTERED OFFICE: 27 Old Gloucester Street
London
WC1N 3AX





REGISTERED NUMBER: 09892966 (England and Wales)





AUDITORS: Harts Limited
Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX

eScribers Ltd (Registered number: 09892966)

Balance Sheet
31 December 2022

31.12.22 31.12.21
as restated
Notes £    £   
CURRENT ASSETS
Debtors 5 165,769 258,058
Cash at bank 66,654 47,857
232,423 305,915
CREDITORS
Amounts falling due within one year 6 551,621 301,628
NET CURRENT (LIABILITIES)/ASSETS (319,198 ) 4,287
TOTAL ASSETS LESS CURRENT
LIABILITIES

(319,198

)

4,287

CAPITAL AND RESERVES
Called up share capital 7 2 2
Other reserves 2,157,628 2,157,628
Retained earnings (2,476,828 ) (2,153,343 )
SHAREHOLDERS' FUNDS (319,198 ) 4,287

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2024 and were signed on its behalf by:





J A Bak - Director


eScribers Ltd (Registered number: 09892966)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

eScribers Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentational and functional currency of these financial statements is GBP. Values are rounded to the nearest pound.

Going concern
The financial statements have been prepared on a going concern basis, which assumes that the company will continue to trade in the foreseeable future and be able to realise its assets and discharge its liabilities in the normal course of its operations.

Further the company is a wholly owned part of US CourtScript Holdings group, the Directors of whom have confirmed that should additional funding be required to support the company that funding will be provided to ensure its ability to continue as a going concern.

Revenue
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from a contract to provide services is recognised when all the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the company;
- the costs incurred or to be incurred in respect of the transition can be measured reliably: and
- the stage of completion of the contract at the end of the reporting period can be measured reliably

Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Computer software - 4 years.


eScribers Ltd (Registered number: 09892966)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

eScribers Ltd (Registered number: 09892966)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Finance cost

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2021 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2022
and 31 December 2022 37,299
AMORTISATION
At 1 January 2022
and 31 December 2022 37,299
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 -

eScribers Ltd (Registered number: 09892966)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
as restated
£    £   
Trade debtors 109,940 169,635
Amounts owed by group undertakings - 42,594
Other debtors 55,829 45,829
165,769 258,058

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
as restated
£    £   
Trade creditors 14,747 -
Amounts owed to group undertakings 102,645 108,746
Taxation and social security 59,495 43,271
Other creditors 374,734 149,611
551,621 301,628

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: as restated
£    £   
2 Ordinary 1 2 2

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Melissa Bowers FCCA (Senior Statutory Auditor)
for and on behalf of Harts Limited

9. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption available in Section 33.1A of FRS 102 whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group.

10. POST BALANCE SHEET EVENTS

The company acquired a subsidiary - Marten Walsh Cherer Limited, a company incorporated in England and Wales on 13 January 2023.

eScribers Ltd (Registered number: 09892966)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

11. CONTROLLING PARTY

The controlling party is US Courtscript Holdings Inc, a company incorporated in USA.

The ultimate controlling party is US Courtscript Acquisition LP, a company incorporated in USA.