Company Registration No. 07790143 (England and Wales)
Erbology Ltd
Unaudited accounts
for the year ended 31 December 2024
Erbology Ltd
Unaudited accounts
Contents
Erbology Ltd
Company Information
for the year ended 31 December 2024
Directors
Irina Turcan
Ludmila Turcan
Victor Turcan
Company Number
07790143 (England and Wales)
Registered Office
20-22 WENLOCK ROAD
LONDON
N1 7GU
Accountants
Business Atrium Limited
85 Great Portland Street, First Floor
London
W1W 7LT
Erbology Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
3,664
5,491
Inventories
151,339
80,067
Cash at bank and in hand
36,656
252,290
Creditors: amounts falling due within one year
(95,794)
105,717
Net current assets
624,090
711,927
Total assets less current liabilities
627,754
717,418
Creditors: amounts falling due after more than one year
(20,161)
(30,301)
Net assets
607,593
687,117
Called up share capital
1,860
1,860
Share premium
1,003,390
1,003,390
Profit and loss account
(397,657)
(318,133)
Shareholders' funds
607,593
687,117
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by
Irina Turcan
Director
Company Registration No. 07790143
Erbology Ltd
Notes to the Accounts
for the year ended 31 December 2024
Erbology Ltd is a private company, limited by shares, registered in England and Wales, registration number 07790143. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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.
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 items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% straight line
Erbology Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
207,747
152,129
Amounts due from group undertakings etc.
112,523
108,627
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
27,587
(150,890)
Taxes and social security
34,371
3,821
Loans from directors
33,836
21,668
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1,860,000 Ordinary shares of £0.001 each
1,860
1,860
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).