1 February 2023 false No description of principal activity Taxfiler 2024.5 11797559business:PrivateLimitedCompanyLtd2023-02-012024-01-31 117975592023-01-31 117975592023-02-012024-01-31 11797559business:AuditExemptWithAccountantsReport2023-02-012024-01-31 11797559business:FilletedAccounts2023-02-012024-01-31 117975592024-01-31 11797559business:Director12023-02-012024-01-31 11797559business:RegisteredOffice2023-02-012024-01-31 117975592023-01-31 11797559core:WithinOneYear2024-01-31 11797559core:WithinOneYear2023-01-31 11797559core:AfterOneYear2024-01-31 11797559core:AfterOneYear2023-01-31 11797559core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 11797559core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 11797559core:SharePremiumcore:PreviouslyStatedAmount2024-01-31 11797559core:SharePremiumcore:PreviouslyStatedAmount2023-01-31 11797559core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 11797559core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 11797559core:PreviouslyStatedAmount2024-01-31 11797559core:PreviouslyStatedAmount2023-01-31 11797559business:SmallEntities2023-02-012024-01-31 11797559countries:EnglandWales2023-02-012024-01-31 11797559core:ComputerEquipment2023-02-012024-01-31 11797559core:ComputerEquipment2023-01-31 11797559core:ComputerEquipment2024-01-31 11797559business:OrdinaryShareClass12023-02-012024-01-31 11797559business:OrdinaryShareClass12022-02-012023-01-31 117975592022-02-012023-01-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 11797559 (England and Wales)
ERISED DEVELOPMENT LTD Unaudited accounts for the year ended 31 January 2024
ERISED DEVELOPMENT LTD Unaudited accounts Contents
Page
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ERISED DEVELOPMENT LTD Company Information for the year ended 31 January 2024
Director
Taras Lanchev
Company Number
11797559 (England and Wales)
Registered Office
107 Kirkgate Leeds LS1 6DP England
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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ERISED DEVELOPMENT LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,125 
3,379 
Current assets
Cash at bank and in hand
9,082 
21,356 
Creditors: amounts falling due within one year
(35,236)
(17,149)
Net current (liabilities)/assets
(26,154)
4,207 
Total assets less current liabilities
(22,029)
7,586 
Creditors: amounts falling due after more than one year
(15,667)
(25,497)
Net liabilities
(37,696)
(17,911)
Capital and reserves
Called up share capital
1 
1 
Share premium
40,000 
40,000 
Profit and loss account
(77,697)
(57,912)
Shareholders' funds
(37,696)
(17,911)
For the year ending 31 January 2024 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 31 October 2024 and were signed on its behalf by
Taras Lanchev Director Company Registration No. 11797559
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ERISED DEVELOPMENT LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
ERISED DEVELOPMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 11797559. The registered office is 107 Kirkgate, Leeds, LS1 6DP, England.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Written Down Value - 25%
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.
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.
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ERISED DEVELOPMENT LTD Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2023
5,619 
Additions
3,124 
At 31 January 2024
8,743 
Depreciation
At 1 February 2023
2,240 
Charge for the year
2,378 
At 31 January 2024
4,618 
Net book value
At 31 January 2024
4,125 
At 31 January 2023
3,379 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,400 
10,524 
VAT
4,555 
- 
Trade creditors
471 
2,111 
Taxes and social security
10,622 
3,745 
Loans from directors
10,188 
769 
35,236 
17,149 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,667 
25,497 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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