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Registration number: 12605383

Anonymind Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 June 2022 to 31 March 2023

 

Anonymind Limited

Contents

Company Information

1

Directors' Report

2

Statement of Income and Retained Earnings

3

Statement of Financial Position

4

Notes to the Financial Statements

5 to 10

 

Anonymind Limited

Company Information

Directors

Mr G Metcalf

Mr A R Iddon

Registered office

Leon House Myrtle Grove
Hilton Lane
Prestwich
Manchester
M25 9SA

Accountants

Beever and Struthers
One Express
1 George Leigh Street
Manchester
M4 5DL

 

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:

Mr G Metcalf

Mr R J Durkin (Resigned 16 July 2024)

Mr A R Iddon

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 Board on 26 August 2024 and signed on its behalf by:

.........................................
Mr G Metcalf
Director

   
     
 

Anonymind Limited

Statement of Income and Retained Earnings for the Period from 1 June 2022 to 31 March 2023

Note

2023
£

2022
£

Turnover

 

141,649

16,955

Cost of sales

 

(91,970)

(158,380)

Gross profit/(loss)

 

49,679

(141,425)

Administrative expenses

 

(235,977)

(112,751)

Operating loss

 

(186,298)

(254,176)

Interest payable and similar charges

 

(5,706)

(2,453)

 

(5,706)

(2,453)

Loss before tax

(192,004)

(256,629)

Loss for the financial period

 

(192,004)

(256,629)

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
£

Fixed assets

 

Intangible assets

4

97,244

117,934

Tangible assets

5

1,144

1,462

 

98,388

119,396

Current assets

 

Debtors

6

36,249

100

Cash at bank and in hand

 

1,711

3,474

 

37,960

3,574

Creditors: Amounts falling due within one year

7

(584,881)

(379,499)

Net current liabilities

 

(546,921)

(375,925)

Net liabilities

 

(448,533)

(256,529)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(448,633)

(256,629)

Shareholders' deficit

 

(448,533)

(256,529)

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:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

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 Board on 26 August 2024 and signed on its behalf by:
 

.........................................
Mr G Metcalf
Director

   
     
 

Anonymind Limited

Notes to the Financial Statements for the Period from 1 June 2022 to 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Leon House Myrtle Grove
Hilton Lane
Prestwich
Manchester
M25 9SA

These financial statements were authorised for issue by the Board on 26 August 2024.

2

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
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

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.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4 (2022 - 4).

 

Anonymind Limited

Notes to the Financial Statements for the Period from 1 June 2022 to 31 March 2023

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 June 2022

124,142

124,142

At 31 March 2023

124,142

124,142

Amortisation

At 1 June 2022

6,208

6,208

Amortisation charge

20,690

20,690

At 31 March 2023

26,898

26,898

Carrying amount

At 31 March 2023

97,244

97,244

At 31 May 2022

117,934

117,934

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2022

1,526

1,526

At 31 March 2023

1,526

1,526

Depreciation

At 1 June 2022

64

64

Charge for the period

318

318

At 31 March 2023

382

382

Carrying amount

At 31 March 2023

1,144

1,144

At 31 May 2022

1,462

1,462

6

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

36,149

-

Other debtors

 

100

100

   

36,249

100

 

Anonymind Limited

Notes to the Financial Statements for the Period from 1 June 2022 to 31 March 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

343,995

243,280

Taxation and social security

 

10,351

18,343

Accruals and deferred income

 

172,298

31,855

Other creditors

 

58,237

86,021

 

584,881

379,499

8

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

343,995

243,280

 

Anonymind Limited

Detailed Profit and Loss Account for the Period from 1 June 2022 to 31 March 2023

2023
£

2022
£

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

Rendering of services, UK

141,649

16,950

Interest received

-

5

141,649

16,955

   

Cost of sales

Direct costs

(91,970)

(158,380)

   

Employment costs

Wages and salaries (excluding directors)

(48,000)

(36,000)

Staff NIC (Employers)

(6,767)

(5,076)

(54,767)

(41,076)

   

Establishment costs

Rent

(1,201)

-

   

General administrative expenses

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

Bank charges

(1,699)

(400)

   

Depreciation costs

Amortisation of development costs

(20,690)

(6,208)

Depreciation of office equipment (owned)

(318)

(63)

(21,008)

(6,271)

   

Interest payable and similar expenses

Other interest payable

(5,706)

(2,453)