Company Registration No. 09192012 (England and Wales)
Verge Labs Ltd
Unaudited accounts
for the year ended 31 August 2025
Verge Labs Ltd
Unaudited accounts
Contents
Verge Labs Ltd
Company Information
for the year ended 31 August 2025
Directors
Huzaifah Jeewa
Sajad Mahmood
Company Number
09192012 (England and Wales)
Registered Office
203 Westgate
Bradford
West Yorkshire
BD1 3AD
England
Accountants
W Advisory
Legacy Business Centre
315, 2A Ruckholt Road
London
E10 5NP
Verge Labs Ltd
Statement of financial position
as at 31 August 2025
Tangible assets
26,467
20,122
Cash at bank and in hand
2,281
8,841
Creditors: amounts falling due within one year
(162,829)
(34,604)
Net current liabilities
(142,548)
(25,339)
Total assets less current liabilities
(116,081)
(5,217)
Creditors: amounts falling due after more than one year
(2,698)
(4,000)
Net liabilities
(118,779)
(9,217)
Called up share capital
100
100
Profit and loss account
(118,879)
(9,317)
Shareholders' funds
(118,779)
(9,217)
For the year ending 31 August 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 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 August 2026 and were signed on its behalf by
Huzaifah Jeewa
Director
Company Registration No. 09192012
Verge Labs Ltd
Notes to the Accounts
for the year ended 31 August 2025
Verge Labs Ltd is a private company, limited by shares, registered in England and Wales, registration number 09192012. The registered office is 203 Westgate, Bradford, West Yorkshire, BD1 3AD, 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:
Fixtures & fittings
10% RB
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2024
26,784
6,538
33,322
Additions
11,712
116
11,828
At 31 August 2025
38,496
6,654
45,150
At 1 September 2024
8,719
4,481
13,200
Charge for the year
4,766
717
5,483
At 31 August 2025
13,485
5,198
18,683
At 31 August 2025
25,011
1,456
26,467
At 31 August 2024
18,065
2,057
20,122
Verge Labs Ltd
Notes to the Accounts
for the year ended 31 August 2025
Amounts falling due within one year
Accrued income and prepayments
-
424
6
Creditors: amounts falling due within one year
2025
2024
Other creditors
79,479
27,312
Loans from directors
55,851
16
7
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
2,698
4,000
8
Average number of employees
During the year the average number of employees was 15 (2024: 9).