1 March 2022 false No description of principal activity Taxfiler 2023.10 NI667627business:PrivateLimitedCompanyLtd2022-03-012023-02-28 NI6676272022-02-28 NI6676272022-03-012023-02-28 NI667627business:AuditExemptWithAccountantsReport2022-03-012023-02-28 NI667627business:FilletedAccounts2022-03-012023-02-28 NI6676272023-02-28 NI667627business:Director12022-03-012023-02-28 NI667627business:RegisteredOffice2022-03-012023-02-28 NI6676272022-02-28 NI667627core:WithinOneYear2023-02-28 NI667627core:WithinOneYear2022-02-28 NI667627core:AfterOneYear2023-02-28 NI667627core:AfterOneYear2022-02-28 NI667627core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 NI667627core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 NI667627core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 NI667627core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 NI667627core:PreviouslyStatedAmount2023-02-28 NI667627core:PreviouslyStatedAmount2022-02-28 NI667627business:SmallEntities2022-03-012023-02-28 NI667627countries:NorthernIreland2022-03-012023-02-28 NI667627core:PlantMachinery2022-03-012023-02-28 NI667627core:ComputerEquipment2022-03-012023-02-28 NI667627core:PlantMachinery2022-02-28 NI667627core:FurnitureFittings2022-02-28 NI667627core:ComputerEquipment2022-02-28 NI667627core:FurnitureFittings2022-03-012023-02-28 NI667627core:PlantMachinery2023-02-28 NI667627core:FurnitureFittings2023-02-28 NI667627core:ComputerEquipment2023-02-28 NI667627business:Director112022-03-012023-02-28 NI667627business:Director112022-02-28 NI667627business:Director112023-02-28 NI6676272021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. NI667627 (Northern Ireland)
Seed Invest Ltd Unaudited accounts for the year ended 28 February 2023
Seed Invest Ltd Unaudited accounts Contents
Page
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Seed Invest Ltd Company Information for the year ended 28 February 2023
Director
Michelle Connor
Company Number
NI667627 (Northern Ireland)
Registered Office
55-59 Adelaide Street Belfast Co. Antrim BT2 8FE
Accountants
SJK 8 Bridge Road Moira Co. Armagh BT67 0PF
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Seed Invest Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
4,460 
Current assets
Debtors
1,702 
- 
Cash at bank and in hand
6,045 
54,910 
7,747 
54,910 
Creditors: amounts falling due within one year
(14,287)
(20,814)
Net current (liabilities)/assets
(6,540)
34,096 
Total assets less current liabilities
(6,540)
38,556 
Creditors: amounts falling due after more than one year
- 
(33,333)
Net (liabilities)/assets
(6,540)
5,223 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(6,541)
5,222 
Shareholders' funds
(6,540)
5,223 
For the year ending 28 February 2023 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 her 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 16 November 2023 and were signed on its behalf by
Michelle Connor Director Company Registration No. NI667627
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Seed Invest Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Seed Invest Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI667627. The registered office is 55-59 Adelaide Street, Belfast, Co. Antrim, BT2 8FE.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
20% Reducing balance basis
Computer equipment
20% Reducing balance basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover
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.
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Seed Invest Ltd Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
1,877 
1,636 
2,682 
6,195 
Disposals
(1,877)
(1,636)
(2,682)
(6,195)
At 28 February 2023
- 
- 
- 
- 
Depreciation
At 1 March 2022
459 
327 
949 
1,735 
On disposals
(459)
(327)
(949)
(1,735)
At 28 February 2023
- 
- 
- 
- 
Net book value
At 28 February 2023
- 
- 
- 
- 
At 28 February 2022
1,418 
1,309 
1,733 
4,460 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
1,702 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
33,666 
10,000 
Taxes and social security
- 
5,164 
Loans from directors
(19,727)
3,670 
Accruals
348 
1,980 
14,287 
20,814 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
33,333 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Michelle Connor
Directors current account
3,670 
- 
- 
3,670 
3,670 
- 
- 
3,670 
The directors loan account is non-interest bearing and repayable on demand.
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Seed Invest Ltd Notes to the Accounts for the year ended 28 February 2023
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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