2022-07-01 09082827 2023-06-30 09082827 2022-07-01 2023-06-30 09082827 2022-06-30 09082827 2021-07-01 2022-06-30 09082827 uk-core:WithinOneYear uk-bus:Original 2022-06-30 09082827 uk-core:WithinOneYear uk-bus:Original 2023-06-30 09082827 uk-core:AfterOneYear uk-bus:Original 2022-06-30 09082827 uk-core:AfterOneYear uk-bus:Original 2023-06-30 09082827 uk-core:ShareCapital uk-bus:Original 2023-06-30 09082827 uk-core:ShareCapital uk-bus:Original 2022-06-30 09082827 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2023-06-30 09082827 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2022-06-30 09082827 uk-bus:Director1 uk-bus:Original 2022-07-01 2023-06-30 09082827 uk-core:PlantMachinery uk-bus:Original 2022-07-01 2023-06-30 09082827 uk-core:ComputerEquipment uk-bus:Original 2022-07-01 2023-06-30 09082827 uk-core:ComputerSoftware uk-bus:Original 2022-06-30 09082827 uk-core:BrandNames uk-bus:Original 2022-06-30 09082827 uk-core:ComputerSoftware uk-bus:Original 2022-07-01 2023-06-30 09082827 uk-core:BrandNames uk-bus:Original 2022-07-01 2023-06-30 09082827 uk-core:ComputerSoftware uk-bus:Original 2023-06-30 09082827 uk-core:BrandNames uk-bus:Original 2023-06-30 09082827 uk-core:ComputerEquipment uk-bus:Original 2022-06-30 09082827 uk-core:PlantMachinery uk-bus:Original 2022-06-30 09082827 uk-core:PlantMachinery uk-bus:Original 2023-06-30 09082827 uk-core:ComputerEquipment uk-bus:Original 2023-06-30 09082827 uk-core:WithinOneYear uk-bus:Original 2023-06-30 09082827 uk-core:WithinOneYear uk-bus:Original 2022-06-30 09082827 uk-core:AfterOneYear uk-bus:Original uk-core:Secured 2023-06-30 09082827 uk-core:AfterOneYear uk-bus:Original uk-core:Secured 2022-06-30 iso4217:GBP xbrli:pure 09082827 uk-bus:AuditExemptWithAccountantsReport uk-bus:Original 2022-07-01 2023-06-30 09082827 uk-bus:FRS102 uk-bus:Original 2022-07-01 2023-06-30 09082827 uk-bus:FilletedAccounts uk-bus:Original 2022-07-01 2023-06-30 09082827 uk-bus:PrivateLimitedCompanyLtd uk-bus:Original 2022-07-01 2023-06-30
Humankind Ventures Ltd
Registered Number:09082827
For the year ended 30 June 2023
England and Wales
Unaudited Financial Statements
2
Registered Number :
09082827
As at 30 June 2023
Humankind Ventures Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
458,905
239,202
2
Property, plant and equipment
7,906
12,277
3
466,811
251,479
Current assets
Inventories
24,325
9,094
4
Trade and other receivables
91,693
88,585
5
1,301,610
Cash and cash equivalents
602,183
699,862
1,417,628
Trade and other payables: amounts falling due within one
year
(310,819)
(275,027)
6
1,106,809
424,835
Net current assets
Total assets less current liabilities
891,646
1,358,288
Trade and other payables: amounts falling due after more
than one year
(29,042)
(19,274)
7
872,372
Net assets
1,329,246
Capital and reserves
Called up share capital
2,329,270
2,329,270
Retained earnings
(1,456,898)
(1,000,024)
872,372
1,329,246
Shareholders' funds
For the year ended 30 June 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 of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
1 of 5
3
Registered Number :
09082827
For the year ended 30 June 2023
Humankind Ventures Ltd
Statement of Financial Position Continued
Sarah Bolt Director
These financial statements were approved and authorised for issue by the Board on 14 February 2024 and were signed by:
The notes form part of these financial statements
2 of 5
4
For the year ended 30 June 2023
Humankind Ventures Ltd
Notes to the Financial Statements
Statutory Information
Humankind Ventures Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 09082827.
Registered address:
Basepoint Business Centre
Beaufort Court
Chepstow
NP16 5UH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Revenue is recognised on tests shipped and completed, less an allowance for a proportion of repeat tests or refunds.
Intangible assets
Branding acquired in a business combination that qualify for separate recognition are recognised as intangible assets at their fair values. All finite-lived intangible assets, are accounted for using the cost model whereby capitalised costs are amortised on a straight-line basis over their estimated useful lives. Residual values and useful lives are reviewed at each reporting date. Computer software development costs that generate economic benefits beyond one year are capitalised as intangible assets and are amortised on a straight line basis over 4 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
33% Straight line
33% Straight line
Computer equipment
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
3 of 5
5
For the year ended 30 June 2023
Humankind Ventures Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Other
Intangible
Assets
Total
Software
Costs
Cost or valuation
£
£
£
156,000
At 01 July 2022
249,726
93,726
345,901
295,209
Additions
50,692
595,627
451,209
At 30 June 2023
144,418
Amortisation
10,524
10,524
At 01 July 2022
-
126,198
66,699
59,499
Charge for year
136,722
At 30 June 2023
77,223
59,499
458,905
Net book value
373,986
At 30 June 2023
84,919
At 30 June 2022
145,476
93,726
239,202
3. Property, plant and equipment
Total
Computer
equipment
Plant and
machinery
£
£
£
Cost or
valuation
At 01 July 2022
22,700
18,863
3,837
1,383
784
599
Additions
At 30 June 2023
4,436
19,647
24,083
Provision for depreciation and impairment
At 01 July 2022
10,423
9,729
694
Charge for year
5,754
5,220
534
At 30 June 2023
16,177
14,949
1,228
At 30 June 2023
Net book value
3,208
4,698
7,906
At 30 June 2022
3,143
9,134
12,277
4. Inventories
2022
2023
£
£
Stocks
9,094
24,325
4 of 5
6
For the year ended 30 June 2023
Humankind Ventures Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2022
2023
£
£
Trade debtors
-
4,397
Other debtors
88,585
87,296
91,693
88,585
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
25,897
11,348
Trade creditors
150,473
161,901
Taxation and social security
21,548
20,137
Other creditors
77,109
117,433
275,027
310,819
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
19,274
29,042
8. Average number of persons employed
During the year the average number of employees was 20 (2022 : 17)
5 of 5