Registration number: 12235735

Starfish Labs Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Starfish Labs Limited

Company Information

Directors

N H Bevan K J M Bevan

Registered office

Aberinnovation Offices Aiec Aberystwyth University Aberystwyth SY23 3EE

Accountants

CBSL Accountants Limited Chartered Accountants Rowan House North 1 The Professional Quarter Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

Starfish Labs Limited

(Registration number: 12235735)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	-	603
Current assets
Debtors	5	825	3,818
Cash at bank and in hand		489	3,079
		1,314	6,897
Creditors: Amounts falling due within one year	6	(52,244)	(58,750)
Net current liabilities		(50,930)	(51,853)
Net liabilities		(50,930)	(51,250)
Capital and reserves
Called up share capital	7	2	2
Retained earnings		(50,932)	(51,252)
Shareholders' deficit		(50,930)	(51,250)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 June 2025 and signed on its behalf by:
 

N H Bevan Director

K J M Bevan Director

Starfish Labs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Aberinnovation Offices Aiec
Aberystwyth University
Aberystwyth
SY23 3EE

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The directors and ultimate shareholders will continue to support the company for 12 months from the date of signing these accounts to ensure all liabilities are settled as they fall due.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Grants relating to revenue are recognised in income on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.

Starfish Labs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
IT and office equipment	Over 3 years

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Starfish Labs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	3,039	3,039
At 31 March 2025	3,039	3,039
Depreciation
At 1 April 2024	2,436	2,436
Charge for the year	603	603
At 31 March 2025	3,039	3,039
Carrying amount
At 31 March 2025	-	-
At 31 March 2024	603	603

5

Debtors

Current	2025 £	2024 £
Trade debtors	-	3,816
Other debtors	825	2
	825	3,818

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	4,645	5,431
Taxation and social security	-	1,582
Accruals and deferred income	6,299	5,937
Other creditors	41,300	45,800
	52,244	58,750

Starfish Labs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	2	2	2	2

8	Related party transactions

At 31 March 2025 the company owed a balance of £26,500 (2024 - £31,000) to the directors, which is included in Other creditors. In addition there was a balance of £14,800 (2024 - £14,800) owed to the directors of the parent company, which is included in Other creditors. These balances are unsecured, interest free and with no fixed terms of repayment.

9	Parent and ultimate parent undertaking

The company's immediate parent is Starfish Labs Holdings Limited, incorporated in England & Wales.