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REGISTERED NUMBER: 11090211 (England and Wales)















ESC Labs Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






ESC Labs Limited (Registered number: 11090211)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ESC Labs Limited

Company Information
for the year ended 31 December 2023







Directors: A J K Ashby
J P Manheim





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 11090211 (England and Wales)





Accountants: Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

ESC Labs Limited (Registered number: 11090211)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 6,097 2,809
6,097 2,809

Current assets
Debtors 7 22,092 33,713
Cash at bank 101,117 42,727
123,209 76,440
Creditors
Amounts falling due within one year 8 92,559 35,993
Net current assets 30,650 40,447
Total assets less current liabilities 36,747 43,256

Capital and reserves
Called up share capital 9 113 113
Share premium 10 387,956 387,956
Retained earnings 10 (351,322 ) (344,813 )
Shareholders' funds 36,747 43,256

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 9 September 2024 and were signed on its behalf by:





A J K Ashby - Director


ESC Labs Limited (Registered number: 11090211)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

ESC Labs Limited 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment loss.

Web Application development costs are being amortised over its estimated useful life of 3 years.

Website costs are being amortised over its estimated useful life of 3 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 33% on cost

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.

Going concern
These financial statements have been prepared on a going concern basis.

The director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubts upon the Company's ability to continue as a going concern. Thus the director has continued to adopt the going concern basis of accounting in preparing these financial statements.

Provisions
Provisions are recognised when there is a present obligation (legal or constructive) as a result of a past event, it is probably that the obligation will be required to be settled, and a reliable estimate can be made of the amount of the obligation. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting taking into account the risks and uncertainties surrounding the obligation. Provisions are discounted when the time value of money is material.

4. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

ESC Labs Limited (Registered number: 11090211)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


5. Intangible fixed assets
Development Computer
costs software Totals
£ £ £
Cost
At 1 January 2023
and 31 December 2023 88,472 6,925 95,397
Amortisation
At 1 January 2023
and 31 December 2023 88,472 6,925 95,397
Net book value
At 31 December 2023 - - -
At 31 December 2022 - - -

6. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
Cost
At 1 January 2023 - 6,505 1,281 7,786
Additions 2,999 - 3,769 6,768
At 31 December 2023 2,999 6,505 5,050 14,554
Depreciation
At 1 January 2023 - 4,554 423 4,977
Charge for year 750 1,064 1,666 3,480
At 31 December 2023 750 5,618 2,089 8,457
Net book value
At 31 December 2023 2,249 887 2,961 6,097
At 31 December 2022 - 1,951 858 2,809

7. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 21,979 33,600
Other debtors 113 113
22,092 33,713

8. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 6,273 72
Taxation and social security 33,105 9,903
Other creditors 53,181 26,018
92,559 35,993

ESC Labs Limited (Registered number: 11090211)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1,125,000 Ordinary £0.0001 113 113

10. Reserves
Retained Share
earnings premium Totals
£ £ £

At 1 January 2023 (344,813 ) 387,956 43,143
Deficit for the year (6,509 ) (6,509 )
At 31 December 2023 (351,322 ) 387,956 36,634