Germinate Science Consulting Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14010417

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		31,878		418

			31,878		418
CURRENT ASSETS
Debtors	5	30,180		24,477
Cash at bank and in hand		550		1,566

		30,730		26,043
Creditors: Amounts Falling Due Within One Year	6	(34,837 )		(25,369 )

NET CURRENT ASSETS (LIABILITIES)			(4,107 )		674

TOTAL ASSETS LESS CURRENT LIABILITIES			27,771		1,092

Creditors: Amounts Falling Due After More Than One Year	7		(22,156 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation			(6,530 )		(92 )

NET (LIABILITIES)/ASSETS			(915 )		1,000

CAPITAL AND RESERVES
Called up share capital	9		1,000		1,000
Profit and Loss Account			(1,915 )		-

SHAREHOLDERS' FUNDS			(915)		1,000

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Germinate Science Consulting Ltd

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Dr Andrew Jermy

Director

12/06/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Germinate Science Consulting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14010417 . The registered office is Tanglewood, 32 Nelson Way, Beccles, Suffolk, NR34 9PH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	Straight Line - 5 Years
Motor Vehicles	Reducing Balance - 5 Years
Computer Equipment	Straight Line - 3 Years

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

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.

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.

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Germinate Science Consulting Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	-	-	627	627
Additions	1,149	37,653	-	38,802

As at 31 March 2026	1,149	37,653	627	39,429

Depreciation
As at 1 April 2025	-	-	209	209
Provided during the period	230	6,903	209	7,342

As at 31 March 2026	230	6,903	418	7,551

Net Book Value
As at 31 March 2026	919	30,750	209	31,878

As at 1 April 2025	-	-	418	418

5. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	30,180	24,477

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	2,868	-
Trade creditors	3,760	102
Other creditors	11,421	-
Taxation and social security	16,788	25,267

	34,837	25,369

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	22,156	-

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Germinate Science Consulting Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

8. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	2,868	-
Later than one year and not later than five years	22,156	-

	25,024	-

	25,024	-

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1,000	1,000

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