Company Registration No. 09387321 (England and Wales)
We Are Percent Ltd
Unaudited accounts
for the year ended 30 April 2025
We Are Percent Ltd
Unaudited accounts
Contents
We Are Percent Ltd
Company Information
for the year ended 30 April 2025
Directors
Stefan Joshua Greer
Henry John Ludlam
Mark William Wood
Kristian Blaszcynski
Quentin Clark
Company Number
09387321 (England and Wales)
Registered Office
7 Bell Yard
London
WC2A 2JR
England
Accountants
The Accountancy Cloud
1 Fore Street Avenue
London
EC2Y 9DT
We Are Percent Ltd
Statement of financial position
as at 30 April 2025
Intangible assets
3,167
4,751
Tangible assets
81,679
60,047
Debtors
2,067,330
1,618,236
Cash at bank and in hand
16,268,193
13,073,112
Creditors: amounts falling due within one year
(11,556,029)
(1,611,928)
Net current assets
6,779,494
13,079,420
Net assets
6,864,340
13,144,218
Called up share capital
378
378
Share premium
29,443,793
29,439,524
Capital contribution reserve
425,463
213,856
Profit and loss account
(23,005,294)
(16,509,540)
Shareholders' funds
6,864,340
13,144,218
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2025 and were signed on its behalf by
Mark William Wood
Director
Company Registration No. 09387321
We Are Percent Ltd
Notes to the Accounts
for the year ended 30 April 2025
We Are Percent Ltd is a private company, limited by shares, registered in England and Wales, registration number 09387321. The registered office is 7 Bell Yard, London, WC2A 2JR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
5 years
Other tangible fixed assets
5 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Intangible fixed assets are amortised over 5 years.
Expenditure on research and development is written off in the year in which it is incurred.
Research and development tax credit
During the financial year, We Are Percent Limited received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Income Statement in line with disclosure requirements under FRS 102.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
We Are Percent Ltd
Notes to the Accounts
for the year ended 30 April 2025
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
The company operates an EMI qualifying share option scheme. As at 30 April 2025, the company had granted 131,118 share options to 51 employees.
The share options have vesting periods of between 1-5 years dependent on the employee/advisor.
The share based payment charge within the year was £211,607 (2024: £148,517).
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Intangible fixed assets
Other
We Are Percent Ltd
Notes to the Accounts
for the year ended 30 April 2025
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2024
5,161
97,368
102,529
Additions
3,735
37,210
40,945
At 30 April 2025
8,896
134,578
143,474
At 1 May 2024
3,522
38,960
42,482
Charge for the year
767
18,546
19,313
At 30 April 2025
4,289
57,506
61,795
At 30 April 2025
4,607
77,072
81,679
At 30 April 2024
1,639
58,408
60,047
Amounts falling due within one year
Trade debtors
952,585
838,286
Accrued income and prepayments
586,251
471,339
Other debtors
260,295
190,914
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
503,707
311,726
Taxes and social security
125,008
91,615
Other creditors
8,310,153
9,279
Loans from directors
(1,821)
(1,821)
Deferred income
2,263,848
1,107,275
Other creditors includes convertible loans of £8,277,091.
We Are Percent Ltd
Notes to the Accounts
for the year ended 30 April 2025
Allotted, called up and fully paid:
179,863 Ordinary shares of £0.001 each
179.86
179.69
62,375 Seed shares of £0.001 each
62.37
62.37
136,155 Series A shares of £0.001 each
136.15
136.15
Shares issued during the period:
170 Ordinary shares of £0.001 each
0
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors' loans are interest-free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 31 (2024: 25).