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Registered number: 08964413
Edserlab Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Tax and Advise Ltd
19 The Circle
Queen Elizabeth Street
London
SE1 2JE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08964413
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 74,120 -
Tangible Assets 5 21,850 8,906
95,970 8,906
CURRENT ASSETS
Stocks 6 134,791 -
Debtors 7 423,323 49,108
Cash at bank and in hand 410 54
558,524 49,162
Creditors: Amounts Falling Due Within One Year 8 (638,830 ) (75,757 )
NET CURRENT ASSETS (LIABILITIES) (80,306 ) (26,595 )
TOTAL ASSETS LESS CURRENT LIABILITIES 15,664 (17,689 )
Creditors: Amounts Falling Due After More Than One Year 9 (270,514 ) (246,923 )
NET LIABILITIES (254,850 ) (264,612 )
CAPITAL AND RESERVES
Called up share capital 10 4 4
Profit and Loss Account (254,854 ) (264,616 )
SHAREHOLDERS' FUNDS (254,850) (264,612)
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Victor Bueno
Director
13/03/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Edserlab Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08964413 . The registered office is 19 The Circle, Queen Elizabeth Street, London, SE1 2JE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Brand recognition. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing balance
Office Equipment & Computers 20% Reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 4)
12 4
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4. Intangible Assets
Software Development Brand recognition Total
£ £ £
Cost
As at 1 January 2024 - - -
Additions 16,543 63,974 80,517
As at 31 December 2024 16,543 63,974 80,517
Amortisation
As at 1 January 2024 - - -
Provided during the period - 6,397 6,397
As at 31 December 2024 - 6,397 6,397
Net Book Value
As at 31 December 2024 16,543 57,577 74,120
As at 1 January 2024 - - -
5. Tangible Assets
Plant & Machinery Office Equipment & Computers Total
£ £ £
Cost
As at 1 January 2024 26,192 10,192 36,384
Additions 54,999 2,577 57,576
Disposals (37,399 ) - (37,399 )
As at 31 December 2024 43,792 12,769 56,561
Depreciation
As at 1 January 2024 19,809 7,669 27,478
Provided during the period 6,213 1,020 7,233
As at 31 December 2024 26,022 8,689 34,711
Net Book Value
As at 31 December 2024 17,770 4,080 21,850
As at 1 January 2024 6,383 2,523 8,906
6. Stocks
2024 2023
£ £
Finished goods 134,791 -
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 326,236 46,631
Prepayments and accrued income 95,050 492
Other debtors 1,850 1,850
Director's loan account 187 135
423,323 49,108
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 479,886 18,476
Bank loans and overdrafts 50,296 33,759
PAYE 2,687 -
VAT 41,919 20,235
Net wages 48,955 1,571
HSBC Commercial Card 210 1,148
Pension Payable 6,300 568
Accruals and deferred income 8,577 -
638,830 75,757
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Loan Account 270,514 246,923
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Victor Bueno 135 52 - - 187
The above loan is unsecured, interest free and repayable on demand.
12. Controlling Party
The company's ultimate controlling party is Mr Victor Eduardo Bueno Julia Capmany by virtue of his ownership of  75% or more of the issued share capital in the company.
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