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REGISTERED NUMBER: 12085647 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

8foldGovernance Limited

8foldGovernance Limited (Registered number: 12085647)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


8foldGovernance Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr Lyndon Eric Johnson
Mr Adam Spinks





REGISTERED OFFICE: Town Hall
Platform 9
Church Road
Hove
East Sussex
BN3 2AF





REGISTERED NUMBER: 12085647 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

8foldGovernance Limited (Registered number: 12085647)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 104,026 123,126

CURRENT ASSETS
Debtors 5 149,532 129,592
Cash at bank 306,204 143,045
455,736 272,637
CREDITORS
Amounts falling due within one year 6 461,904 267,405
NET CURRENT (LIABILITIES)/ASSETS (6,168 ) 5,232
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,858

128,358

PROVISIONS FOR LIABILITIES 24,467 -
NET ASSETS 73,391 128,358

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 73,389 128,356
73,391 128,358

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

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

The directors acknowledge their 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.

8foldGovernance Limited (Registered number: 12085647)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 13 February 2025 and were signed on its behalf by:




Mr Lyndon Eric Johnson - Director



Mr Adam Spinks - Director


8foldGovernance Limited (Registered number: 12085647)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

8foldGovernance Limited 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.

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, excluding discounts, rebates, value added tax and other sales taxes.

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
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

8foldGovernance Limited (Registered number: 12085647)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 25,474 113,640 24,672 163,786
Additions 1,022 - 13,150 14,172
At 30 June 2024 26,496 113,640 37,822 177,958
DEPRECIATION
At 1 July 2023 6,711 26,503 7,446 40,660
Charge for year 4,801 21,785 6,686 33,272
At 30 June 2024 11,512 48,288 14,132 73,932
NET BOOK VALUE
At 30 June 2024 14,984 65,352 23,690 104,026
At 30 June 2023 18,763 87,137 17,226 123,126

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 142,642 122,798
Other debtors 6,890 6,794
149,532 129,592

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 11,103 10,448
Taxation and social security 191,414 112,997
Other creditors 259,387 143,960
461,904 267,405

7. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102 1AC.35 whereby particulars need not be given for related party transactions concluded under normal market conditions, or transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transactions is wholly-owned by such a member.