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REGISTERED NUMBER: 01252287 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

MINDLAB INTERNATIONAL LIMITED

MINDLAB INTERNATIONAL LIMITED (REGISTERED NUMBER: 01252287)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MINDLAB INTERNATIONAL LIMITED

Company Information
for the year ended 31 March 2025







DIRECTORS: J Hilling
D L Hodgson
D M Smith
J Beard





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





REGISTERED NUMBER: 01252287 (England and Wales)





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

MINDLAB INTERNATIONAL LIMITED (REGISTERED NUMBER: 01252287)

Balance Sheet
31 March 2025

2025 2024
Notes £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,386 2,218
3,386 2,218

CURRENT ASSETS
Debtors 6 219,492 477,091
Cash at bank 266,183 280,633
485,675 757,724
CREDITORS
Amounts falling due within one year 7 (47,250 ) (76,412 )
NET CURRENT ASSETS 438,425 681,312
TOTAL ASSETS LESS CURRENT
LIABILITIES

441,811

683,530

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 441,711 683,430
SHAREHOLDERS' FUNDS 441,811 683,530

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

MINDLAB INTERNATIONAL LIMITED (REGISTERED NUMBER: 01252287)

Balance Sheet - continued
31 March 2025


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 1 September 2025 and were signed on its behalf by:





D M Smith - Director


MINDLAB INTERNATIONAL LIMITED (REGISTERED NUMBER: 01252287)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Mind Lab International 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 presentational 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
Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts. Revenue, from the sale of specialised videos, publications and research, is recognised at the point of sale.

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

Web development costs - 33% on cost

Tangible fixed assets
Tangible fixed assets are stated at cost 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 economic life.

Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% on cost

Financial instruments
Financial assets, 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.


MINDLAB INTERNATIONAL LIMITED (REGISTERED NUMBER: 01252287)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension plan for its employees. A defined contribution pension plan is a pension plan under which the company pays contributions into a separate entity. Once the contributions have been paid, the company has no further obligations.

The contributions are recognised as an expense in the income statement when they fall due. Amounts owed but not paid are shown in accruals as a liability in the Statement of financial position. 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.

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 25 (2024 - 24 ) .

MINDLAB INTERNATIONAL LIMITED (REGISTERED NUMBER: 01252287)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

4. INTANGIBLE FIXED ASSETS
Web
development
£
COST
At 1 April 2024 50,630
Disposals (34,070 )
At 31 March 2025 16,560
AMORTISATION
At 1 April 2024 50,630
Elimin on disposal (34,070 )
At 31 March 2025 16,560
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
Machinery fittings equipment Totals
£ £ £ £
COST
At 1 April 2024 83,304 1,792 28,106 113,202
Additions - - 3,445 3,445
Disposals (76,924 ) (1,792 ) (24,997 ) (103,713 )
At 31 March 2025 6,380 - 6,554 12,934
DEPRECIATION
At 1 April 2024 83,304 1,792 25,888 110,984
Charge for year - - 2,188 2,188
Eliminated on disposal (76,924 ) (1,792 ) (24,908 ) (103,624 )
At 31 March 2025 6,380 - 3,168 9,548
NET BOOK VALUE
At 31 March 2025 - - 3,386 3,386
At 31 March 2024 - - 2,218 2,218

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade debtors 158,903 305,528
Other debtors 60,589 171,563
219,492 477,091

MINDLAB INTERNATIONAL LIMITED (REGISTERED NUMBER: 01252287)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade creditors 4,483 16,768
Taxation and social security 20,430 16,758
Other creditors 22,337 42,886
47,250 76,412

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£ £
Within one year 6,763 11,271
Between one and five years - 6,763
6,763 18,034

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
4,000 Ordinary A 1p 40 40
3,000 Ordinary B 1p 30 30
3,000 Ordinary C 1p 30 30
100 100

10. SHARE-BASED PAYMENT TRANSACTIONS

The Mindlab EMI Share Option Plan was introduced on 22 May 2019. The scheme provides additional remuneration for one employee considered key to the company. At this date, the employee had been granted options over 526 D Ordinary Shares of £0.01 each.

The options were granted with an exercise price of £33.29 per option share. They are exercisable if the agreed exit conditions are met. Employees are not entitled to dividends on these shares until the options are exercised. Vesting of the options is subject to continued employment with the company.

There is no charge to the profit and loss account in the year as the conditions that must be met for the options to be exercised are not expected to be fulfilled in the foreseeable future. A full fair value valuation using the Black-Scholes pricing method is not considered justifiable and therefore no adjustment has be made to the financial statements to reflect these share options.