2023-01-012023-12-312023-12-31false09351999WE ARE EIGHT 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WE ARE EIGHT LTD

Registered Number
09351999
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

WE ARE EIGHT LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

DAVIES, Richard David

Registered Address

Unit 88 14-15 Triangle South
Clifton
Bristol
BS8 1EY

Registered Number

09351999 (England and Wales)
WE ARE EIGHT LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets3-43,190
Tangible assets412,95217,400
12,95260,590
Current assets
Debtors2,181,25681,550
Cash at bank and on hand367,5491,391,381
2,548,8051,472,931
Creditors amounts falling due within one year5(617,017)(34,339)
Net current assets (liabilities)1,931,7881,438,592
Total assets less current liabilities1,944,7401,499,182
Net assets1,944,7401,499,182
Capital and reserves
Called up share capital1010
Profit and loss account1,944,7301,499,172
Shareholders' funds1,944,7401,499,182
The financial statements were approved and authorised for issue by the Director on 8 February 2024, and are signed on its behalf by:
DAVIES, Richard David
Director
Registered Company No. 09351999
WE ARE EIGHT LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible Assets are amortised over their estimated useful life of 10 years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20232022
Average number of employees during the year2024
3.Intangible assets

Total

£
Cost or valuation
At 01 January 2361,700
Disposals(61,700)
Amortisation and impairment
At 01 January 2318,510
Charge for year6,170
On disposals(24,680)
Net book value
At 31 December 23-
At 31 December 2243,190
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 2366,674
Additions8,141
Disposals(2,383)
At 31 December 2372,432
Depreciation and impairment
At 01 January 2349,274
Charge for year11,331
On disposals(1,125)
At 31 December 2359,480
Net book value
At 31 December 2312,952
At 31 December 2217,400
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables105769
Bank borrowings and overdrafts603,283-
Taxation and social security-20,649
Other creditors9,6294,620
Accrued liabilities and deferred income4,0008,301
Total617,01734,339
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.