Seedlegals Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10368887 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2019

for

Seedlegals Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

29,399

3,259

Tangible assets

5

18,297

5,378

47,696

8,637

CURRENT ASSETS

Debtors

6

437,515

43,797

Cash at bank

2,892,509

287,900

3,330,024

331,697

CREDITORS

Amounts falling due within one year

7

229,087

92,092

NET CURRENT ASSETS

3,100,937

239,605

TOTAL ASSETS LESS CURRENT LIABILITIES

3,148,633

248,242

PROVISIONS FOR LIABILITIES

-

386

NET ASSETS

3,148,633

247,856

CAPITAL AND RESERVES

Called up share capital

69,041

56,667

Share premium

3,960,960

983,334

Retained earnings

(881,368

)

(792,145

)

3,148,633

247,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2019 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.

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 Profit & Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th October 2020 and were signed on its behalf by:

L Laffy - Director

1.	STATUTORY INFORMATION

Seedlegals Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address are as below:

Registered number:

10368887

Registered office:

23 Sir John Lyon House

8 High Timber St

Blackfriars

London

EC4V 3PA

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities"

of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of

Ireland" and the Companies Act 2006.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of five years.

Website development are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

50% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss account, 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.

Research and development

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2018 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st January 2019

3,259

Additions

26,140

At 31st December 2019

29,399

NET BOOK VALUE

At 31st December 2019

29,399

At 31st December 2018

3,259

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2019

7,572

Additions

17,931

At 31st December 2019

25,503

DEPRECIATION

At 1st January 2019

2,194

Charge for year

5,012

At 31st December 2019

7,206

NET BOOK VALUE

At 31st December 2019

18,297

At 31st December 2018

5,378

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

97,631

17,485

Other debtors

339,884

26,312

437,515

43,797

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

11,295

3,397

Taxation and social security

154,998

66,292

Other creditors

62,794

22,403

229,087

92,092

8.	OTHER FINANCIAL COMMITMENTS

At the year end the company had financial commitments totalling £502,695.