Registered number
08178346
WICKED MINDS LIMITED
Filleted Accounts
31 August 2024
WICKED MINDS LIMITED
Registered number: 08178346
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 94,153
Current assets
Debtors 4 8,254 24,233
Cash at bank and in hand 48,238 38,602
56,492 62,835
Creditors: amounts falling due within one year 5 (500) (627)
Net current assets 55,992 62,208
Net assets 55,992 156,361
Capital and reserves
Called up share capital 2 2
Profit and loss account 55,990 156,359
Shareholders' funds 55,992 156,361
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Lindsey Jane Cook
Director
Approved by the board on 11 September 2024
WICKED MINDS LIMITED
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 September 2023 94,153
Disposals (94,153)
At 31 August 2024 -
Depreciation
At 31 August 2024 -
Net book value
At 31 August 2024 -
At 31 August 2023 94,153
4 Debtors 2024 2023
£ £
Other debtors 8,254 24,233
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - 127
Other creditors 500 500
500 627
6 Other information
WICKED MINDS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
57 Berners Street
Ipswich
IP1 3LN
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