Company Registration No. 11797559 (England and Wales)
ERISED DEVELOPMENT LTD
Unaudited accounts
for the year ended 31 January 2025
ERISED DEVELOPMENT LTD
Unaudited accounts
Contents
ERISED DEVELOPMENT LTD
Company Information
for the year ended 31 January 2025
Company Number
11797559 (England and Wales)
Registered Office
107 Kirkgate
Leeds
LS1 6DP
England
Accountants
Sleek Accounting Ltd
4th Floor
205 Regent Street
London
W1B 4HB
ERISED DEVELOPMENT LTD
Statement of financial position
as at 31 January 2025
Tangible assets
1,211
4,125
Cash at bank and in hand
9,647
9,082
Creditors: amounts falling due within one year
(45,373)
(35,236)
Net current liabilities
(35,594)
(26,154)
Total assets less current liabilities
(34,383)
(22,029)
Creditors: amounts falling due after more than one year
(6,271)
(15,667)
Net liabilities
(40,654)
(37,696)
Called up share capital
1
1
Share premium
40,000
40,000
Profit and loss account
(80,655)
(77,697)
Shareholders' funds
(40,654)
(37,696)
For the year ending 31 January 2025 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 30 October 2025 and were signed on its behalf by
Taras Lanchev
Director
Company Registration No. 11797559
ERISED DEVELOPMENT LTD
Notes to the Accounts
for the year ended 31 January 2025
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.
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.
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 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.
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.
ERISED DEVELOPMENT LTD
Notes to the Accounts
for the year ended 31 January 2025
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
132
-
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
9,400
9,400
Taxes and social security
10,622
10,622
Loans from directors
13,773
10,188
7
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).