Registered number
08423298
Super Being Labs Ltd
Unaudited Filleted Accounts
31 August 2024
Super Being Labs Ltd
Registered number: 08423298
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 2,183 4,000
Investments 5 1 1
2,184 4,001
Current assets
Debtors 6 694,738 563,656
Cash at bank and in hand 20,132 73,806
714,870 637,462
Creditors: amounts falling due within one year 7 (281,751) (224,317)
Net current assets 433,119 413,145
Total assets less current liabilities 435,303 417,146
Creditors: amounts falling due after more than one year 8 (255,167) (142,084)
Provisions for liabilities (545) (999)
Net assets 179,591 274,063
Capital and reserves
Called up share capital 1 1
Profit and loss account 179,590 274,062
Shareholder's funds 179,591 274,063
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D B Sanghrajka
Director
Approved by the board on 29 April 2025
Super Being Labs Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment over 3-4 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Intangible fixed assets £
Cost
At 1 September 2023 15,000
At 31 August 2024 15,000
Amortisation
At 1 September 2023 15,000
At 31 August 2024 15,000
Net book value
At 31 August 2024 -
Intangible assets are being written off in equal annual instalments over their estimated economic life of 4 years.
4 Tangible fixed assets
Fixtures, fittings and equipment
£
Cost
At 1 September 2023 10,037
Additions 533
At 31 August 2024 10,570
Depreciation
At 1 September 2023 6,037
Charge for the year 2,350
At 31 August 2024 8,387
Net book value
At 31 August 2024 2,183
At 31 August 2023 4,000
5 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 September 2023 1
At 31 August 2024 1
6 Debtors 2024 2023
£ £
Trade debtors 129,352 89,874
Other debtors 565,386 473,782
694,738 563,656
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 135,632 54,999
Trade creditors - 21,897
Taxation and social security costs 61,693 62,876
Other creditors 84,426 84,545
281,751 224,317
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 255,167 142,084
9 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 25,724 13,750
Secured bank loans 35,917 158,333
Bank loans are secured by a personal guarantee from the director and a fixed and floating charge over all assets of the company.
# Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
D B Sanghrajka
2.25% loan - 252,059 (141,900) 110,159
- 252,059 (141,900) 110,159
11 Related party transactions
During the year, the company provided services to Being Humankind Ltd to the value of £14,333 (2023 - £29,976), a company in which the director also serves as a director. Included in other debtors at the balance sheet date is an amount of £384,891 (2023 - £380,558) due from Being Humankind Ltd and included in other creditors is an amount of £84,131 (2023 - £84,131) due to Being Humankind Ltd in respect of short-term funding.

During the year, the company provided short-term funding to State of Ambition Ltd, a company in which the director also serves as a director. Included in other debtors at the balance sheet date is an amount of £52,186 (2023 - £51,173) due from State of Ambition Ltd.

During the year, the company received services from Preeoptica Limited to the value of £38,000 (2023 - £4,000), a company in which the director's wife serves as a director.
# Controlling party
The director is the controlling party by virtue of his majority shareholding.
# Other information
Super Being Labs Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Quad Summertown
Lambourne House
311-321 Banbury Road
Oxford
OX2 7JH
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