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Registered number: 08062765













WORDBIRD LIMITED
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024


 
WORDBIRD LIMITED
REGISTERED NUMBER:08062765


BALANCE SHEET
AS AT 31 DECEMBER 2024

31 December
31 August
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
19,834
15,504

  
19,834
15,504

Current assets
  

Stocks
  
121,851
254,312

Debtors: amounts falling due within one year
 5 
618,330
336,848

Cash at bank and in hand
 6 
358,733
371,450

  
1,098,914
962,610

Creditors: amounts falling due within one year
 7 
(526,839)
(340,046)

Net current assets
  
 
 
572,075
 
 
622,564

Total assets less current liabilities
  
591,909
638,068

  

Net assets
  
591,909
638,068


Capital and reserves
  

Called up share capital 
 8 
150,000
150,000

Profit and loss account
  
441,909
488,068

  
591,909
638,068


Page 1


 
WORDBIRD LIMITED
REGISTERED NUMBER:08062765

    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S Sowerby
Director

Date: 20 February 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2


 
WORDBIRD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

Wordbird Limited is a private company limited by shares, incorporated in England and Wales, United Kingdom. The registered office is Studio 2.2, Battersea Studios, 82 Silverthorne Road, London, SW8 3HE.
In August 2024 the Company changed their accounting reference date to 31 December, extending the reporting period from 31 August 2024 to 31 December 2024. The reporting period therefore covers 16 months instead of the usual 12 months.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3


 
WORDBIRD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4


 
WORDBIRD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Leasehold improvements
-
4
years or the length of the lease
Office equipment
-
4
years
Computer equipment
-
4
years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Work in progress

Work in progress includes labour and attributable overheads and is stated at the lower of cost and net realisable value.
At each balance sheet date, work in progress is assessed for impairment. If impairments are required, the carrying amount is reduced to its net realisable value. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 5


 
WORDBIRD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 19 (2023 - 19).


4.


Tangible fixed assets







Leasehold improvements
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 September 2023
59,440
40,439
92,775
192,654


Additions
-
883
9,952
10,835


Disposals
(58,900)
-
-
(58,900)



At 31 December 2024

540
41,322
102,727
144,589



Depreciation


At 1 September 2023
59,080
37,782
80,289
177,151


Charge for the period on owned assets
360
812
5,332
6,504


Disposals
(58,900)
-
-
(58,900)



At 31 December 2024

540
38,594
85,621
124,755



Net book value



At 31 December 2024
-
2,728
17,106
19,834



At 31 August 2023
360
2,657
12,487
15,504

Page 6


 
WORDBIRD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

5.


Debtors

31 December
31 August
2024
2023
£
£


Trade debtors
554,194
303,499

Other debtors
5,568
5,229

Prepayments and accrued income
58,568
28,120

618,330
336,848



6.


Cash and cash equivalents

31 December
31 August
2024
2023
£
£

Cash at bank and in hand
358,733
371,450



7.


Creditors: amounts falling due within one year

31 December
31 August
2024
2023
£
£

Trade creditors
51,481
31,010

Corporation tax
71,826
110,720

Other taxation and social security
100,495
5,258

Other creditors
9,842
7,279

Accruals and deferred income
293,195
185,779

526,839
340,046


Page 7


 
WORDBIRD LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

8.


Share capital

31 December
31 August
2024
2023
£
£
Allotted, called up and fully paid



150,000 (2023 - 150,000) Ordinary shares of £1.00 each
150,000
150,000


 
Page 8