IRIS Accounts Production v24.3.2.46 09526599 Board of Directors Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095265992023-04-30095265992024-04-30095265992023-05-012024-04-30095265992022-04-30095265992022-05-012023-04-30095265992023-04-3009526599ns15:EnglandWales2023-05-012024-04-3009526599ns14:PoundSterling2023-05-012024-04-3009526599ns10:Director12023-05-012024-04-3009526599ns10:Director22023-05-012024-04-3009526599ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3009526599ns10:SmallEntities2023-05-012024-04-3009526599ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3009526599ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3009526599ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3009526599ns10:FullAccounts2023-05-012024-04-3009526599ns10:OrdinaryShareClass12023-05-012024-04-3009526599ns10:RegisteredOffice2023-05-012024-04-3009526599ns5:CurrentFinancialInstruments2024-04-3009526599ns5:CurrentFinancialInstruments2023-04-3009526599ns5:ShareCapital2024-04-3009526599ns5:ShareCapital2023-04-3009526599ns5:RetainedEarningsAccumulatedLosses2024-04-3009526599ns5:RetainedEarningsAccumulatedLosses2023-04-3009526599ns5:LandBuildingsns5:ShortLeaseholdAssets2023-04-3009526599ns5:FurnitureFittings2023-04-3009526599ns5:ComputerEquipment2023-04-3009526599ns5:LandBuildingsns5:ShortLeaseholdAssets2023-05-012024-04-3009526599ns5:FurnitureFittings2023-05-012024-04-3009526599ns5:ComputerEquipment2023-05-012024-04-3009526599ns5:LandBuildingsns5:ShortLeaseholdAssets2024-04-3009526599ns5:FurnitureFittings2024-04-3009526599ns5:ComputerEquipment2024-04-3009526599ns5:LandBuildingsns5:ShortLeaseholdAssets2023-04-3009526599ns5:FurnitureFittings2023-04-3009526599ns5:ComputerEquipment2023-04-3009526599ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3009526599ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3009526599ns5:WithinOneYear2024-04-3009526599ns5:WithinOneYear2023-04-3009526599ns5:BetweenOneFiveYears2024-04-3009526599ns5:BetweenOneFiveYears2023-04-3009526599ns5:AllPeriods2024-04-3009526599ns5:AllPeriods2023-04-3009526599ns5:DeferredTaxation2023-04-3009526599ns5:DeferredTaxation2024-04-3009526599ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 09526599 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

SEED PUBLICITY LIMITED

SEED PUBLICITY LIMITED (REGISTERED NUMBER: 09526599)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SEED PUBLICITY LIMITED

Company Information
for the year ended 30 April 2024







DIRECTORS: R T Bush
N A Stuart-Miller





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 09526599 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

SEED PUBLICITY LIMITED (REGISTERED NUMBER: 09526599)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 101,582 20,745

CURRENT ASSETS
Debtors 5 152,286 208,960
Cash at bank 1,111,593 946,431
1,263,879 1,155,391
CREDITORS
Amounts falling due within one year 6 (329,231 ) (232,709 )
NET CURRENT ASSETS 934,648 922,682
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,036,230

943,427

PROVISIONS FOR LIABILITIES 8 (23,993 ) (3,941 )
NET ASSETS 1,012,237 939,486

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,012,137 939,386
SHAREHOLDERS' FUNDS 1,012,237 939,486

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 directors acknowledge their 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.

SEED PUBLICITY LIMITED (REGISTERED NUMBER: 09526599)

Balance Sheet - continued
30 April 2024


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 Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:




R T Bush - Director



N A Stuart-Miller - Director


SEED PUBLICITY LIMITED (REGISTERED NUMBER: 09526599)

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

1. STATUTORY INFORMATION

Seed Publicity 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is measured at the fair value of the consideration received or receivable net of VAT and trade discounts, and is recognised as follows:

Revenue from digital agency services is recognised as contract activity progresses. Revenue not billed is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements-4 years straight line
Fixtures & Fittings-4 years straight line
Computer Equipment-4 years straight line

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.


SEED PUBLICITY LIMITED (REGISTERED NUMBER: 09526599)

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

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has not further payment obligations.

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in accruals as a liability on the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 33 ) .

SEED PUBLICITY LIMITED (REGISTERED NUMBER: 09526599)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 - 12,926 54,101 67,027
Additions 93,467 8,307 4,970 106,744
At 30 April 2024 93,467 21,233 59,071 173,771
DEPRECIATION
At 1 May 2023 - 9,027 37,255 46,282
Charge for year 14,890 3,698 7,319 25,907
At 30 April 2024 14,890 12,725 44,574 72,189
NET BOOK VALUE
At 30 April 2024 78,577 8,508 14,497 101,582
At 30 April 2023 - 3,899 16,846 20,745

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 101,827 200,736
Other debtors 50,459 8,224
152,286 208,960

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,542 1,048
Taxation and social security 189,531 176,871
Other creditors 136,158 54,790
329,231 232,709

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 83,768 -
Between one and five years 275,530 -
359,298 -

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 23,993 3,941

SEED PUBLICITY LIMITED (REGISTERED NUMBER: 09526599)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 3,941
Accelerated capital allowances 20,052
Balance at 30 April 2024 23,993

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100