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REGISTERED NUMBER: 08049564 (England and Wales)















WE ARE CIRCLE LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024






WE ARE CIRCLE LTD (REGISTERED NUMBER: 08049564)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WE ARE CIRCLE LTD

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTOR: Ms L J Pegg





REGISTERED OFFICE: 3 St Georges Road
Scholes
Holmfirth
West Yorkshire
HD9 1UQ





REGISTERED NUMBER: 08049564 (England and Wales)





ACCOUNTANTS: SMH Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

WE ARE CIRCLE LTD (REGISTERED NUMBER: 08049564)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 847 206

CURRENT ASSETS
Debtors 5 5,250 3,810
Cash at bank 28,571 31,601
33,821 35,411
CREDITORS
Amounts falling due within one year 6 (33,412 ) (35,014 )
NET CURRENT ASSETS 409 397
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,256

603

PROVISIONS FOR LIABILITIES 7 (161 ) (40 )
NET ASSETS 1,095 563

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,094 562
SHAREHOLDERS' FUNDS 1,095 563

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

WE ARE CIRCLE LTD (REGISTERED NUMBER: 08049564)

BALANCE SHEET - continued
30 April 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2024 and were signed by:





Ms L J Pegg - Director


WE ARE CIRCLE LTD (REGISTERED NUMBER: 08049564)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024


1. STATUTORY INFORMATION

We Are Circle Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

WE ARE CIRCLE LTD (REGISTERED NUMBER: 08049564)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 2,702
Additions 1,148
Disposals (395 )
At 30 April 2024 3,455
DEPRECIATION
At 1 May 2023 2,496
Charge for year 382
Eliminated on disposal (270 )
At 30 April 2024 2,608
NET BOOK VALUE
At 30 April 2024 847
At 30 April 2023 206

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,250 3,810

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 9,500 13,413
Other creditors 23,912 21,601
33,412 35,014

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 161 40

WE ARE CIRCLE LTD (REGISTERED NUMBER: 08049564)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 40
Charge to Income Statement during year 121
Balance at 30 April 2024 161

8. RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £23,066 (2023: £20,676) were outstanding at the year end. Loans will be repaid when funds permit.