Registered number
10760963
Seed Fashion and Beauty Incubator Ltd
85 Great Portland Street
London
Filleted Accounts
for the year ended 30 November 2024
Prepared by :
Yousaf & Co Ltd
Chartered Certified Accountants
298-300 Maxwell Road
Glasgow
G41 1PJ
Ref: L048/HM
Seed Fashion and Beauty Incubator Ltd
Registered number: 10760963
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 580 645
Current assets
Debtors 4 352 1,066
Cash at bank and in hand 3,685 20,125
4,037 21,191
Creditors: amounts falling due within one year 5 (531) (576)
Net current assets 3,506 20,615
Total assets less current liabilities 4,086 21,260
Creditors: amounts falling due after more than one year 6 (57,041) (52,492)
Net assets/(liabilities) (52,955) (31,232)
Capital and reserves
Called up share capital 1 1
Profit and loss account (52,956) (31,233)
Shareholders' funds (52,955) (31,232)
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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Miss Nabila Riaz
Director
Approved by the board on 1 July 2025
Seed Fashion and Beauty Incubator Ltd
Notes to the Accounts
for the year ended 30 November 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).
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment 10% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price).
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office Equipment
£
Cost
At 1 December 2023 885
At 30 November 2024 885
Depreciation
At 1 December 2023 240
Charge for the year 65
At 30 November 2024 305
Net book value
At 30 November 2024 580
At 30 November 2023 645
4 Debtors 2024 2023
£ £
Other debtors 352 1,066
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 31 -
Other creditors 500 576
531 576
6 Creditors: amounts falling due after one year 2024 2023
£ £
Director's Loan Account 18,627 9,468
Bounce Back Loan 38,414 43,024
57,041 52,492
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