We Are Bind Limited
for the
Year Ended 30 April 2024
Registration number:
We Are Bind Limited
Contents
Page
Company Information |
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Abridged Balance Sheet |
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Notes to the Unaudited Abridged Financial Statements |
We Are Bind Limited
Company Information
Directors |
O W Hopkinson W D Pidgeon M J Hopkinson |
Registered office |
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Accountants |
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We Are Bind Limited
(Registration number: 11325354)
Abridged Balance Sheet as at 30 April 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
- |
- |
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Investments |
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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 assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Accruals and deferred income |
( |
( |
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Net assets |
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Capital and reserves |
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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:
• |
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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. |
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.
Approved and authorised by the
......................................... |
We Are Bind Limited
Notes to the Unaudited Abridged Financial Accounts for the Year Ended 30 April 2024
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 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
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Fixed assets |
The fixed assets consist of fixtures and fittings and have a cost of £246. These were fully depreciated in 2023.
Investments |
2024 |
2023 |
|
Investments at cost |
67,099 |
67,099 |
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 £
Amounts disclosed in the balance sheet
Included in the balance sheet are employer pension contributions paid after date of £869 (2023 - £850).
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.