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WE ARE EIGHT LTD

Registered Number
09351999
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

WE ARE EIGHT LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

Director

DAVIES, Richard David

Registered Address

Unit 88 14-15 Triangle South
Clifton
Bristol
BS8 1EY

Registered Number

09351999 (England and Wales)
WE ARE EIGHT LTD
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets410,34112,952
10,34112,952
Current assets
Debtors2,183,4622,181,256
Cash at bank and on hand43,310367,549
2,226,7722,548,805
Creditors amounts falling due within one year5(103,069)(617,017)
Net current assets (liabilities)2,123,7031,931,788
Total assets less current liabilities2,134,0441,944,740
Net assets2,134,0441,944,740
Capital and reserves
Called up share capital1010
Profit and loss account2,134,0341,944,730
Shareholders' funds2,134,0441,944,740
The financial statements were approved and authorised for issue by the Director on 26 February 2025, and are signed on its behalf by:
DAVIES, Richard David
Director
Registered Company No. 09351999
WE ARE EIGHT LTD
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible Assets are amortised over their estimated useful life of 10 years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery3
Office Equipment5
2.Average number of employees

20242023
Average number of employees during the year1020
3.Intangible assets
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 2472,432
Additions4,878
Disposals(1,015)
At 31 December 2476,296
Depreciation and impairment
At 01 January 2459,480
Charge for year7,179
On disposals(705)
At 31 December 2465,955
Net book value
At 31 December 2410,341
At 31 December 2312,952
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables5,348105
Bank borrowings and overdrafts-603,283
Taxation and social security93,163-
Other creditors4,5589,629
Accrued liabilities and deferred income-4,000
Total103,069617,017
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.