Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-31true192022-09-01falseNo description of principal activity17trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08062765 2022-09-01 2023-08-31 08062765 2021-09-01 2022-08-31 08062765 2023-08-31 08062765 2022-08-31 08062765 c:Director1 2022-09-01 2023-08-31 08062765 d:Buildings d:LongLeaseholdAssets 2022-09-01 2023-08-31 08062765 d:Buildings d:LongLeaseholdAssets 2023-08-31 08062765 d:Buildings d:LongLeaseholdAssets 2022-08-31 08062765 d:OfficeEquipment 2022-09-01 2023-08-31 08062765 d:OfficeEquipment 2023-08-31 08062765 d:OfficeEquipment 2022-08-31 08062765 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 08062765 d:ComputerEquipment 2022-09-01 2023-08-31 08062765 d:ComputerEquipment 2023-08-31 08062765 d:ComputerEquipment 2022-08-31 08062765 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 08062765 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 08062765 d:CurrentFinancialInstruments 2023-08-31 08062765 d:CurrentFinancialInstruments 2022-08-31 08062765 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 08062765 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 08062765 d:ShareCapital 2023-08-31 08062765 d:ShareCapital 2022-08-31 08062765 d:RetainedEarningsAccumulatedLosses 2023-08-31 08062765 d:RetainedEarningsAccumulatedLosses 2022-08-31 08062765 c:OrdinaryShareClass1 2022-09-01 2023-08-31 08062765 c:OrdinaryShareClass1 2023-08-31 08062765 c:OrdinaryShareClass1 2022-08-31 08062765 c:FRS102 2022-09-01 2023-08-31 08062765 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 08062765 c:FullAccounts 2022-09-01 2023-08-31 08062765 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 08062765 2 2022-09-01 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08062765













WORDBIRD LIMITED
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023


 
WORDBIRD LIMITED
REGISTERED NUMBER:08062765


BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
15,086
16,871

  
15,086
16,871

Current assets
  

Work in progress
  
254,312
193,260

Debtors: amounts falling due within one year
 5 
336,848
424,471

Cash at bank and in hand
 6 
371,450
400,929

  
962,610
1,018,660

Creditors: amounts falling due within one year
 7 
(341,746)
(357,672)

Net current assets
  
 
 
620,864
 
 
660,988

  

Net assets
  
635,950
677,859


Capital and reserves
  

Called up share capital 
  
150,000
150,000

Profit and loss account
  
485,950
527,859

  
635,950
677,859


Page 1


 
WORDBIRD LIMITED
REGISTERED NUMBER:08062765

    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S Sowerby
Director

Date: 3 November 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2


 
WORDBIRD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Wordbird Limited is a private company limited by shares, incorporated in England and Wales, United Kingdom. The registered office is Studio 2.2, Battersea Studios, 82 Silverthorne Road, London, SW8 3HE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3


 
WORDBIRD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4


 
WORDBIRD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Leasehold improvements
-
4
years or the length of the lease
Office equipment
-
4
years
Computer equipment
-
4
years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Work in progress

Work in progress includes labour and attributable overheads and is stated at the lower of cost and net realisable value.
At each balance sheet date, work in progress is assessed for impairment. If impairments are required, the carrying amount is reduced to its net realisable value. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 5


 
WORDBIRD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 19 (2022 - 17).


4.


Tangible fixed assets





Leasehold improvements
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 September 2022
58,900
40,024
85,547
184,471


Additions
540
415
7,228
8,183



At 31 August 2023

59,440
40,439
92,775
192,654



Depreciation


At 1 September 2022
58,900
35,354
73,347
167,601


Charge for the year on owned assets
615
5,092
4,260
9,967



At 31 August 2023

59,515
40,446
77,607
177,568



Net book value



At 31 August 2023
(75)
(7)
15,168
15,086



At 31 August 2022
-
4,671
12,200
16,871

Page 6


 
WORDBIRD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Debtors

2023
2022
£
£


Trade debtors
303,499
386,058

Other debtors
5,229
8,352

Prepayments and accrued income
28,120
30,061

336,848
424,471



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
371,450
400,929



7.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
31,010
40,767

Corporation tax
110,720
117,215

Other taxation and social security
5,258
7,112

Other creditors
7,279
17,287

Accruals and deferred income
187,479
175,291

341,746
357,672



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



150,000 (2022 - 150,000) Ordinary shares of £1.00 each
150,000
150,000


 
Page 7