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We Are Bind Limited

Unaudited Abridged Financial Accounts

for the Year Ended 30 April 2024

Registration number: 11325354

 

We Are Bind Limited

Contents

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

We Are Bind Limited

Company Information

Directors

O W Hopkinson

W D Pidgeon

M J Hopkinson

Registered office

Stanmore House
64-68 Blackburn Street
Radcliffe
Manchester
M26 2JS

Accountants

Gortons
Chartered AccountantsStanmore House
64-68 Blackburn Street
Radcliffe
Manchester
M26 2JS

 

We Are Bind Limited

(Registration number: 11325354)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

-

Investments

5

67,099

67,099

 

67,099

67,099

Current assets

 

Debtors

161,556

122,794

Cash at bank and in hand

 

148,522

139,659

 

310,078

262,453

Creditors: Amounts falling due within one year

(157,311)

(139,068)

Net current assets

 

152,767

123,385

Total assets less current liabilities

 

219,866

190,484

Creditors: Amounts falling due after more than one year

(10,833)

(20,833)

Accruals and deferred income

 

(2,000)

(1,500)

Net assets

 

207,033

168,151

Capital and reserves

 

Called up share capital

320

320

Share premium reserve

7,830

7,830

Retained earnings

198,883

160,001

Shareholders' funds

 

207,033

168,151

For the financial year ending 30 April 2024 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 year 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 January 2025, and confirmed on the Board's behalf by:
 

.........................................
W D Pidgeon
Director

 

We Are Bind Limited

Notes to the Unaudited Abridged Financial Accounts for the Year Ended 30 April 2024

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 Stanmore House, 64-68 Blackburn Street, Radcliffe, Manchester, M26 2JS. The principal place of business is 1 St Peter's Square, Manchester, M2 3DE.

These financial statements were authorised for issue by the Board on 27 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial accounts are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged 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 abridged financial accounts 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

The financial accounts have been prepared on a going concern basis.

Turnover

Turnover represents services provided and costs recharged in the year net of Value Added Tax.

Tax

The tax expense for the period comprises current, and as applicable, deferred tax. Deferred tax is recognised, if appropriate, in the profit and loss account in respect of all timing differences between taxable profits and profits reported in the financial accounts.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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

Fixture and fittings

33.3% reducing balance

Investments

Investments are stated at cost.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

We Are Bind Limited

Notes to the Unaudited Abridged Financial Accounts for the Year Ended 30 April 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2023 - 8).

4

Fixed assets

The fixed assets consist of fixtures and fittings and have a cost of £246. These were fully depreciated in 2023.

5

Investments

2024
£

2023
£

Investments at cost

67,099

67,099

6

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £5,988 (2023 - £6,743).

Amounts disclosed in the balance sheet

Included in the balance sheet are employer pension contributions paid after date of £869 (2023 - £850).

7

Transition to FRS 102

There have been no reclassifications or re-measurements of any of the figures at 30 April 2022 or 2023 and therefore the figures are as originally reported.