Acorah Software Products - Accounts Production 15.0.600 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 12397331 Mr John Brennan Mr Lorcan Kennedy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12397331 2023-06-30 12397331 2024-06-30 12397331 2023-07-01 2024-06-30 12397331 frs-core:CurrentFinancialInstruments 2024-06-30 12397331 frs-core:Non-currentFinancialInstruments 2024-06-30 12397331 frs-core:ShareCapital 2024-06-30 12397331 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12397331 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12397331 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12397331 frs-bus:SmallEntities 2023-07-01 2024-06-30 12397331 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12397331 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12397331 frs-bus:Director1 2023-07-01 2024-06-30 12397331 frs-bus:Director2 2023-07-01 2024-06-30 12397331 frs-countries:EnglandWales 2023-07-01 2024-06-30 12397331 2022-06-30 12397331 2023-06-30 12397331 2022-07-01 2023-06-30 12397331 frs-core:CurrentFinancialInstruments 2023-06-30 12397331 frs-core:Non-currentFinancialInstruments 2023-06-30 12397331 frs-core:ShareCapital 2023-06-30 12397331 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 12397331
Seattle Lab Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 12397331
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 854 62,830
Cash at bank and in hand 5,209 2,345
6,063 65,175
Creditors: Amounts Falling Due Within One Year 5 (1,000 ) (56,599 )
NET CURRENT ASSETS (LIABILITIES) 5,063 8,576
TOTAL ASSETS LESS CURRENT LIABILITIES 5,063 8,576
Creditors: Amounts Falling Due After More Than One Year 6 - (16,781 )
NET ASSETS/(LIABILITIES) 5,063 (8,205 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement 4,963 (8,305 )
SHAREHOLDERS' FUNDS 5,063 (8,205)
Page 1
Page 2
For the year ending 30 June 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr John Brennan
Director
03/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Seattle Lab Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12397331 . The registered office is 3 Windmill Hill, Biddenham, Bedford, Bedfordshire, MK40 4AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis, the validity of which is dependent upon the continued support of the directors and related parties.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the statement of financial position date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 4)
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Page 4
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 13,856
Corporation tax recoverable assets - 18,974
VAT 854 -
Amounts owed by associates - 30,000
854 62,830
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 6,000
Bank loans and overdrafts - 7,794
VAT - 1,405
Accruals and deferred income 1,000 1,000
Amounts owed to associates - 40,400
1,000 56,599
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 16,781
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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