Registration number:
Anonymind Limited
for the Period from 1 June 2022 to 31 March 2023
Anonymind Limited
Contents
Company Information |
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Directors' Report |
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Statement of Income and Retained Earnings |
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Statement of Financial Position |
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Notes to the Financial Statements |
Anonymind Limited
Company Information
Directors |
Mr G Metcalf Mr A R Iddon |
Registered office |
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Accountants |
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Anonymind Limited
Directors' Report for the Period from 1 June 2022 to 31 March 2023
The directors present their report and the financial statements for the period from 1 June 2022 to 31 March 2023.
Directors of the company
The directors who held office during the period were as follows:
Principal activity
The principal activity of the company is provision of social care services over the internet.
Small companies provision statement
This report has 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.
Approved by the
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Anonymind Limited
Statement of Income and Retained Earnings for the Period from 1 June 2022 to 31 March 2023
Note |
2023 |
2022 |
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Turnover |
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|
|
Cost of sales |
( |
( |
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Gross profit/(loss) |
|
( |
|
Administrative expenses |
( |
( |
|
Operating loss |
( |
( |
|
Interest payable and similar charges |
( |
( |
|
(5,706) |
(2,453) |
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Loss before tax |
( |
( |
|
Loss for the financial period |
( |
( |
|
Retained earnings brought forward |
(256,629) |
- |
|
Retained earnings carried forward |
(448,633) |
(256,629) |
Anonymind Limited
(Registration number: 12605383)
Statement of Financial Position as at 31 March 2023
Note |
2023 |
2022 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
( |
( |
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Shareholders' deficit |
( |
( |
For the financial period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
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.
Approved and authorised by the
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Anonymind Limited
Notes to the Financial Statements for the Period from 1 June 2022 to 31 March 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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
At the balance sheet date, the company had net liabilities. The company has received assurances from the directors that they will continue to give financial support to the company for the foreseeable future and for a period not less than 12 months from the date of signing these financial statements.
On this basis, the directors considers it appropriate to prepare the accounts on the going concern basis. However, should the financial support mentioned above not be forthcoming the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be be necessary should this basis not continue to be appropriate.
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.
Anonymind Limited
Notes to the Financial Statements for the Period from 1 June 2022 to 31 March 2023
Tangible assets
Tangible assets are stated in the statement of financial position 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 |
Office equipment |
25% straight line |
Intangible assets
Intangible assets are recognised at cost.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Website development |
20% straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Anonymind Limited
Notes to the Financial Statements for the Period from 1 June 2022 to 31 March 2023
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Financial instruments
Classification
Basic financial instruments are initially recognised at the transaction price.
Debt instruments are subsequently measured at amortised cost.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Anonymind Limited
Notes to the Financial Statements for the Period from 1 June 2022 to 31 March 2023
Intangible assets |
Other intangible assets |
Total |
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Cost or valuation |
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At 1 June 2022 |
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At 31 March 2023 |
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Amortisation |
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At 1 June 2022 |
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Amortisation charge |
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At 31 March 2023 |
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Carrying amount |
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At 31 March 2023 |
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At 31 May 2022 |
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Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 June 2022 |
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At 31 March 2023 |
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Depreciation |
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At 1 June 2022 |
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Charge for the period |
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At 31 March 2023 |
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Carrying amount |
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At 31 March 2023 |
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At 31 May 2022 |
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Debtors |
Anonymind Limited
Notes to the Financial Statements for the Period from 1 June 2022 to 31 March 2023
Current |
Note |
2023 |
2022 |
Amounts owed by related parties |
|
- |
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Other debtors |
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Anonymind Limited
Notes to the Financial Statements for the Period from 1 June 2022 to 31 March 2023
Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
2022 |
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Due within one year |
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Loans and borrowings |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Loans and borrowings |
2023 |
2022 |
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Current loans and borrowings |
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Other borrowings |
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Anonymind Limited
Detailed Profit and Loss Account for the Period from 1 June 2022 to 31 March 2023
2023 |
2022 |
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Turnover (analysed below) |
141,649 |
16,955 |
Cost of sales (analysed below) |
(91,970) |
(158,380) |
Gross profit/(loss) |
49,679 |
(141,425) |
Gross profit (%) |
35.07% |
(834.12)% |
Administrative expenses |
||
Employment costs (analysed below) |
(54,767) |
(41,076) |
Establishment costs (analysed below) |
(1,201) |
- |
General administrative expenses (analysed below) |
(157,302) |
(65,004) |
Finance charges (analysed below) |
(1,699) |
(400) |
Depreciation costs (analysed below) |
(21,008) |
(6,271) |
(235,977) |
(112,751) |
|
Operating loss |
(186,298) |
(254,176) |
Interest payable and similar expenses (analysed below) |
(5,706) |
(2,453) |
Loss before tax |
(192,004) |
(256,629) |
Anonymind Limited
Detailed Profit and Loss Account for the Period from 1 June 2022 to 31 March 2023
2023 |
2022 |
Turnover |
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Rendering of services, UK |
141,649 |
16,950 |
Interest received |
- |
5 |
141,649 |
16,955 |
Cost of sales |
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Direct costs |
(91,970) |
(158,380) |
Employment costs |
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Wages and salaries (excluding directors) |
(48,000) |
(36,000) |
Staff NIC (Employers) |
(6,767) |
(5,076) |
(54,767) |
(41,076) |
Establishment costs |
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Rent |
(1,201) |
- |
General administrative expenses |
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Computer software and maintenance costs |
(18,140) |
- |
Recruitment fees |
- |
(34,560) |
Subscriptions |
(859) |
(1,558) |
Charitable donations |
(288) |
(600) |
Sundry expenses |
(3,872) |
(2,540) |
Travel and subsistence |
- |
(1,311) |
Advertising |
(12,359) |
(16,004) |
Customer entertaining (disallowable for tax) |
(352) |
- |
Accountancy fees |
(3,464) |
(1,600) |
Consulting |
(1,000) |
- |
Consultancy fees |
(114,875) |
(4,144) |
Legal and professional fees |
(2,093) |
(2,687) |
(157,302) |
(65,004) |
Finance charges |
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Bank charges |
(1,699) |
(400) |
Depreciation costs |
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Amortisation of development costs |
(20,690) |
(6,208) |
Depreciation of office equipment (owned) |
(318) |
(63) |
(21,008) |
(6,271) |
Interest payable and similar expenses |
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Other interest payable |
(5,706) |
(2,453) |