Company Registration No. 06017285 (England and Wales)
Organic100 Ltd
Unaudited accounts
for the year ended 31 December 2023
Organic100 Ltd
Unaudited accounts
Contents
Organic100 Ltd
Company Information
for the year ended 31 December 2023
Director
WILLS, Robert Anthony Hamilton
Company Number
06017285 (England and Wales)
Registered Office
240 GRESHAM ROAD
SLOUGH
BERKSHIRE
SL1 4PH
ENGLAND
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
Organic100 Ltd
Statement of financial position
as at 31 December 2023
Intangible assets
55,964
65,794
Tangible assets
18,277
22,082
Inventories
364,350
359,519
Cash at bank and in hand
106,342
161,973
Creditors: amounts falling due within one year
(684,950)
(695,060)
Net current liabilities
(100,257)
(16,808)
Total assets less current liabilities
(26,016)
71,068
Creditors: amounts falling due after more than one year
(3,279,880)
(2,997,509)
Net liabilities
(3,305,896)
(2,926,441)
Called up share capital
200
200
Profit and loss account
(3,306,096)
(2,926,641)
Shareholders' funds
(3,305,896)
(2,926,441)
For the year ending 31 December 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 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 17 September 2024 and were signed on its behalf by
WILLS, Robert Anthony Hamilton
Director
Company Registration No. 06017285
Organic100 Ltd
Notes to the Accounts
for the year ended 31 December 2023
Organic100 Ltd is a private company, limited by shares, registered in England and Wales, registration number 06017285. The registered office is 240 GRESHAM ROAD, SLOUGH, BERKSHIRE, SL1 4PH, 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
33.33% Reducing Balance
Computer equipment
3 Years Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
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.
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.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Organic100 Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Other
At 31 December 2023
117,658
At 31 December 2023
61,694
At 31 December 2023
55,964
At 31 December 2022
65,794
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
134,724
5,787
140,511
At 31 December 2023
134,724
11,169
145,893
At 1 January 2023
116,634
1,795
118,429
Charge for the year
6,030
3,157
9,187
At 31 December 2023
122,664
4,952
127,616
At 31 December 2023
12,060
6,217
18,277
At 31 December 2022
18,090
3,992
22,082
Amounts falling due within one year
Accrued income and prepayments
63,013
88,007
Other debtors
50,988
38,993
Organic100 Ltd
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
515,129
508,617
Taxes and social security
53,829
76,146
Other creditors
16,838
18,159
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Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
2,982,938
2,337,951
Other creditors
11,272
12,003
Deferred income
285,670
647,555
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
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Transactions with related parties
Coefficient Capital Limited:
The company is a wholly owed subsidiary of Coefficient Capital Limited. The amount owed to the Parent Company at the balance sheet date was £2,982,938 (2022 £2,337,951).
Organic100 Limited is a wholly owned subsidiary of Coefficient Capital Limited, a company registered in England and Wales.
The registered office of the Holding Company is 240 Gresham Road, Slough, Berkshire, SL1 4PH.
12
Average number of employees
During the year the average number of employees was 18 (2022: 18).