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Company Registration No. 06017285 (England and Wales)
Organic100 Ltd Unaudited accounts for the year ended 31 December 2023
Organic100 Ltd Unaudited accounts Contents
Page
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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
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Organic100 Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
55,964 
65,794 
Tangible assets
18,277 
22,082 
74,241 
87,876 
Current assets
Inventories
364,350 
359,519 
Debtors
114,001 
156,760 
Cash at bank and in hand
106,342 
161,973 
584,693 
678,252 
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)
Capital and reserves
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
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Organic100 Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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:
Fixtures & fittings
33.33% Reducing Balance
Computer equipment
3 Years Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
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.
Foreign exchange
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.
Going concern
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.
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Organic100 Ltd Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
117,658 
At 31 December 2023
117,658 
Amortisation
At 1 January 2023
51,864 
Charge for the year
9,830 
At 31 December 2023
61,694 
Net book value
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 
Additions
- 
5,382 
5,382 
At 31 December 2023
134,724 
11,169 
145,893 
Depreciation
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 
Net book value
At 31 December 2023
12,060 
6,217 
18,277 
At 31 December 2022
18,090 
3,992 
22,082 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
29,760 
Accrued income and prepayments
63,013 
88,007 
Other debtors
50,988 
38,993 
114,001 
156,760 
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Organic100 Ltd Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
88,815 
75,591 
Trade creditors
515,129 
508,617 
Taxes and social security
53,829 
76,146 
Other creditors
16,838 
18,159 
Accruals
10,339 
16,547 
684,950 
695,060 
8
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 
3,279,880 
2,997,509 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200 
200 
10
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).
11
Controlling party
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).
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