IRIS Accounts Production v24.3.2.46 04835723 director 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh048357232023-04-30048357232024-04-30048357232023-05-012024-04-30048357232022-04-30048357232022-05-012023-04-30048357232023-04-3004835723ns15:EnglandWales2023-05-012024-04-3004835723ns14:PoundSterling2023-05-012024-04-3004835723ns10:Director12023-05-012024-04-3004835723ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3004835723ns10:SmallEntities2023-05-012024-04-3004835723ns10:AuditExemptWithAccountantsReport2023-05-012024-04-3004835723ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3004835723ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3004835723ns10:FullAccounts2023-05-012024-04-300483572312023-05-012024-04-3004835723ns10:RegisteredOffice2023-05-012024-04-3004835723ns5:CurrentFinancialInstruments2024-04-3004835723ns5:CurrentFinancialInstruments2023-04-3004835723ns5:Non-currentFinancialInstruments2024-04-3004835723ns5:Non-currentFinancialInstruments2023-04-3004835723ns5:ShareCapital2024-04-3004835723ns5:ShareCapital2023-04-3004835723ns5:RetainedEarningsAccumulatedLosses2024-04-3004835723ns5:RetainedEarningsAccumulatedLosses2023-04-3004835723ns5:NetGoodwill2023-05-012024-04-3004835723ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3004835723ns5:PlantMachinery2023-05-012024-04-3004835723ns5:FurnitureFittings2023-05-012024-04-3004835723ns5:MotorVehicles2023-05-012024-04-3004835723ns5:ComputerEquipment2023-05-012024-04-3004835723ns5:NetGoodwill2023-04-3004835723ns5:NetGoodwill2024-04-3004835723ns5:NetGoodwill2023-04-3004835723ns5:PlantMachinery2023-04-3004835723ns5:FurnitureFittings2023-04-3004835723ns5:MotorVehicles2023-04-3004835723ns5:ComputerEquipment2023-04-3004835723ns5:PlantMachinery2024-04-3004835723ns5:FurnitureFittings2024-04-3004835723ns5:MotorVehicles2024-04-3004835723ns5:ComputerEquipment2024-04-3004835723ns5:PlantMachinery2023-04-3004835723ns5:FurnitureFittings2023-04-3004835723ns5:MotorVehicles2023-04-3004835723ns5:ComputerEquipment2023-04-3004835723ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-3004835723ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-04-3004835723ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-05-012024-04-3004835723ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-3004835723ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3004835723ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30
REGISTERED NUMBER: 04835723 (England and Wales)















SEEDLAB 100 LIMITED

Unaudited Financial Statements for the Year Ended 30 April 2024






SEEDLAB 100 LIMITED (REGISTERED NUMBER: 04835723)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


SEEDLAB 100 LIMITED

Company Information
for the year ended 30 April 2024







Director: G Bristow





Registered office: C/O Cooper Parry
Sky View, Argosy Road
East Midlands Airport
Derby
Derbyshire
DE74 2SA





Registered number: 04835723 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

Accountants' Report to the Director
on the Unaudited Financial Statements of
Seedlab 100 Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Seedlab 100 Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Seedlab 100 Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Seedlab 100 Limited and state those matters that we have agreed to state to the director of Seedlab 100 Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Seedlab 100 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Seedlab 100 Limited. You consider that Seedlab 100 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Seedlab 100 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
CUBO Birmingham
4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX


17 January 2025

SEEDLAB 100 LIMITED (REGISTERED NUMBER: 04835723)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 2 2
Tangible assets 5 23,058 30,757
23,060 30,759

Current assets
Stocks 500 500
Debtors 6 6,533 12,369
Cash at bank 37,574 43,453
44,607 56,322
Creditors
Amounts falling due within one year 7 25,769 20,633
Net current assets 18,838 35,689
Total assets less current liabilities 41,898 66,448

Creditors
Amounts falling due after more than one year 8 - (5,963 )

Provisions for liabilities (4,548 ) (2,494 )
Net assets 37,350 57,991

Capital and reserves
Called up share capital 1,000 1,000
Retained earnings 36,350 56,991
Shareholders' funds 37,350 57,991

SEEDLAB 100 LIMITED (REGISTERED NUMBER: 04835723)

Balance Sheet - continued
30 April 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 January 2025 and were signed by:





G Bristow - Director


SEEDLAB 100 LIMITED (REGISTERED NUMBER: 04835723)

Notes to the Financial Statements
for the year ended 30 April 2024

1. Statutory information

Seedlab 100 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

SEEDLAB 100 LIMITED (REGISTERED NUMBER: 04835723)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

2. Accounting policies - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 4 (2023 - 4 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 May 2023
and 30 April 2024 16,501
Amortisation
At 1 May 2023
and 30 April 2024 16,499
Net book value
At 30 April 2024 2
At 30 April 2023 2

5. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 May 2023 22,914 1,478 42,527 13,242 80,161
Additions 295 - - 1,785 2,080
At 30 April 2024 23,209 1,478 42,527 15,027 82,241
Depreciation
At 1 May 2023 20,528 1,219 18,809 8,848 49,404
Charge for year 669 64 5,929 3,117 9,779
At 30 April 2024 21,197 1,283 24,738 11,965 59,183
Net book value
At 30 April 2024 2,012 195 17,789 3,062 23,058
At 30 April 2023 2,386 259 23,718 4,394 30,757

SEEDLAB 100 LIMITED (REGISTERED NUMBER: 04835723)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

5. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 May 2023 17,199
Transfer to ownership 565
At 30 April 2024 17,764
Depreciation
At 1 May 2023 15,074
Charge for year 3,225
At 30 April 2024 18,299
Net book value
At 30 April 2024 (535 )
At 30 April 2023 2,125

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 6,283 7,560
Other debtors - 3,325
Prepayments 250 1,484
6,533 12,369

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts - 2,443
Corporation tax 9,164 3,396
Social security and other taxes 2,912 2,297
VAT 8,944 7,792
Other creditors 490 507
Directors' current accounts 98 37
Accrued expenses 4,161 4,161
25,769 20,633

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts - 5,963