Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Emma Charlotte Hague 04/11/2024 Ann-Margret Kearney 25/10/2024 07/07/2023 Amy Teresa Thomson 07/03/2016 Tracey Louise Woodward 24/07/2023 09 July 2025 The principal activity of the Company during the financial year was developing software to support women's health. 10047636 2024-09-30 10047636 bus:Director1 2024-09-30 10047636 bus:Director2 2024-09-30 10047636 bus:Director3 2024-09-30 10047636 bus:Director4 2024-09-30 10047636 2023-09-30 10047636 core:CurrentFinancialInstruments 2024-09-30 10047636 core:CurrentFinancialInstruments 2023-09-30 10047636 core:Non-currentFinancialInstruments 2024-09-30 10047636 core:Non-currentFinancialInstruments 2023-09-30 10047636 core:ShareCapital 2024-09-30 10047636 core:ShareCapital 2023-09-30 10047636 core:SharePremium 2024-09-30 10047636 core:SharePremium 2023-09-30 10047636 core:RetainedEarningsAccumulatedLosses 2024-09-30 10047636 core:RetainedEarningsAccumulatedLosses 2023-09-30 10047636 core:OtherResidualIntangibleAssets 2023-09-30 10047636 core:OtherResidualIntangibleAssets 2024-09-30 10047636 core:OtherPropertyPlantEquipment 2023-09-30 10047636 core:OtherPropertyPlantEquipment 2024-09-30 10047636 bus:OrdinaryShareClass1 2024-09-30 10047636 2023-10-01 2024-09-30 10047636 bus:FilletedAccounts 2023-10-01 2024-09-30 10047636 bus:SmallEntities 2023-10-01 2024-09-30 10047636 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 10047636 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10047636 bus:Director1 2023-10-01 2024-09-30 10047636 bus:Director2 2023-10-01 2024-09-30 10047636 bus:Director3 2023-10-01 2024-09-30 10047636 bus:Director4 2023-10-01 2024-09-30 10047636 core:OtherResidualIntangibleAssets core:TopRangeValue 2023-10-01 2024-09-30 10047636 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-09-30 10047636 core:OtherPropertyPlantEquipment core:BottomRangeValue 2023-10-01 2024-09-30 10047636 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-10-01 2024-09-30 10047636 2022-10-01 2023-09-30 10047636 core:OtherResidualIntangibleAssets 2023-10-01 2024-09-30 10047636 core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 10047636 core:CurrentFinancialInstruments 2023-10-01 2024-09-30 10047636 core:Non-currentFinancialInstruments 2023-10-01 2024-09-30 10047636 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 10047636 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 10047636 1 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10047636 (England and Wales)

WE ARE MOODY LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

WE ARE MOODY LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

WE ARE MOODY LIMITED

COMPANY INFORMATION

For the financial year ended 30 September 2024
WE ARE MOODY LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2024
DIRECTORS Emma Charlotte Hague (Appointed 04 November 2024)
Ann-Margret Kearney (Resigned 25 October 2024)
Amy Teresa Thomson
Tracey Louise Woodward
SECRETARY Amy Teresa Thomson
REGISTERED OFFICE 24 Greville Street
London
EC1N 8SS
United Kingdom
COMPANY NUMBER 10047636 (England and Wales)
CHARTERED ACCOUNTANTS Praxis
1 Fore Street Avenue
London
EC2Y 9DT
United Kingdom
WE ARE MOODY LIMITED

BALANCE SHEET

As at 30 September 2024
WE ARE MOODY LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 695,465 870,615
Tangible assets 4 1,987 3,799
697,452 874,414
Current assets
Stocks 0 4,512
Debtors 5 52,959 52,981
Cash at bank and in hand 200,602 126,061
253,561 183,554
Creditors: amounts falling due within one year 6 ( 449,151) ( 240,264)
Net current liabilities (195,590) (56,710)
Total assets less current liabilities 501,862 817,704
Creditors: amounts falling due after more than one year 7 ( 111,388) ( 38,102)
Net assets 390,474 779,602
Capital and reserves
Called-up share capital 8 199 196
Share premium account 4,452,227 4,070,510
Profit and loss account ( 4,061,952 ) ( 3,291,104 )
Total shareholders' funds 390,474 779,602

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of We Are Moody Limited (registered number: 10047636) were approved and authorised for issue by the Board of Directors on 09 July 2025. They were signed on its behalf by:

Amy Teresa Thomson
Director
WE ARE MOODY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
WE ARE MOODY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

We Are Moody Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 24 Greville Street, London, EC1N 8SS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 10 years straight line
Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the directors are satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is capitalised as an intangible asset and amortised over the period during which the Company is expected to benefit. This period is between three and five years. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery etc. 3 - 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 3

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 October 2023 1,386,988 1,386,988
Additions 1,283 1,283
At 30 September 2024 1,388,271 1,388,271
Accumulated amortisation
At 01 October 2023 516,373 516,373
Charge for the financial year 176,433 176,433
At 30 September 2024 692,806 692,806
Net book value
At 30 September 2024 695,465 695,465
At 30 September 2023 870,615 870,615

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 October 2023 21,554 21,554
Additions 150 150
At 30 September 2024 21,704 21,704
Accumulated depreciation
At 01 October 2023 17,755 17,755
Charge for the financial year 1,962 1,962
At 30 September 2024 19,717 19,717
Net book value
At 30 September 2024 1,987 1,987
At 30 September 2023 3,799 3,799

5. Debtors

2024 2023
£ £
Trade debtors 35,049 46,165
Other debtors 17,910 6,816
52,959 52,981

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 9,092 8,926
Trade creditors 76,986 29,942
Other taxation and social security 43,907 12,927
Other creditors 319,166 188,469
449,151 240,264

There are no amounts included above in respect of which any security has been given by the small entity.

Other creditors includes amounts owed to directors totalling £105,775 (2023: £105,775). These amounts are repayable on demand and do not bear interest.

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 31,388 38,102
Other creditors 80,000 0
111,388 38,102

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,993,061 Ordinary shares of £ 0.0001 each (2023: 1,957,083 shares of £ 0.0001 each) 199 196

9. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

2024 2023
£ £
Unpaid contributions due to the fund (inc. in other creditors) 514 514

10. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.