Registration number: SC203696

Verilab Ltd.

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	3

Verilab Ltd.

Company Information

Directors

Dr Thomas Kelly Mr Jason Sprott

Registered office

272 Bath Street GLASGOW G2 4JR

Accountants

AIMS Accountants for Business Hudson House 8 Albany Street Edinburgh EH1 3QB

Chartered Management Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Verilab Ltd.
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Verilab Ltd. for the year ended 31 December 2024 as set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Verilab Ltd., as a body, in accordance with the terms of our engagement letter dated 16 March 2023. Our work has been undertaken solely to prepare for your approval the accounts of Verilab Ltd. and state those matters that we have agreed to state to the Board of Directors of Verilab Ltd., as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Verilab Ltd. and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Verilab Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Verilab Ltd.. You consider that Verilab Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Verilab Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

AIMS Accountants for Business
Hudson House
8 Albany Street
Edinburgh
EH1 3QB

30 September 2025

Verilab Ltd.

(Registration number: SC203696)
Balance Sheet as at 31 December 2024

	2024 £	2023 £
Fixed assets	347,644	348,232
Current assets	1,409,250	1,393,682
Prepayments and accrued income	3,582	2,400
Creditors: Amounts falling due within one year	(40,506)	(45,332)
Net current assets	1,372,326	1,350,750
Total assets less current liabilities	1,719,970	1,698,982
Creditors: Amounts falling due after more than one year	(15,661)	(25,780)
	1,704,309	1,673,202
Capital and reserves	1,704,309	1,673,202

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
272 Bath Street
GLASGOW
G2 4JR
Scotland

These financial statements were authorised for issue by the Board on 30 September 2025.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 3).

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the micro entities regime and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

Verilab Ltd.

(Registration number: SC203696)
Balance Sheet as at 31 December 2024

......................................... Dr Thomas Kelly Director