BINARY IS LIMITED Financials
- Company number
- 06305962CopyCopy
- Registered office
- First Floor, 30 Victoria Avenue, Harrogate, North Yorkshire HG1 5PR
- Incorporated
- 09/07/2007
Company snapshot
- Status
- Active
- Employees
- 18 (2024)
- Latest financial data
- 2024
- Accounts type
- Group
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
4.14%vs 20232023: £-283.38K
Total Assets
21.64%vs 20232023: £1.41M
Cash in Bank
-34.02%vs 20232023: £113.15K
Total Liabilities
23.56%vs 20232023: £1.30M
Employees
0vs 20232023: 18
In 2024, BINARY IS LIMITED reported net assets of £-271.64K. The same filing shows total assets of £1.71M, cash in bank of £74.65K and total liabilities of £1.61M. Reported headcount was 18 in 2024. Total Liabilities rose from £1.30M in 2023 to £1.61M in 2024 (23.56%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
4.14%from £-283.38K in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures BINARY IS LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
Decreasedvs 2022Cash in Bank
-70%vs 2022-45.3% a year compound (CAGR)
Total Assets
+77.2%vs 2022+33.1% a year compound (CAGR)
Total Liabilities
+58%vs 2022+25.7% a year compound (CAGR)
Employees
+5.9%vs 2022+1Biggest increase
Total Assets+77.2%
£967.57K in 2022 to £1.71M in 2024
Biggest decrease
Cash in Bank-70%
£249.06K in 2022 to £74.65K in 2024
BINARY IS LIMITED's filings pull in both directions between 2022 and 2024. The steepest rise came in total assets, pointing to a broader asset base, set against a fall in cash in bank, pointing to a tighter cash position. See the full year-by-year figures.
Ratios from the filed figures
Calculated from BINARY IS LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- -15.84%2024
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 93.64%2024
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 4.65%2024
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 4.35%2024
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for BINARY IS LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 726.83K | -74.90K | -283.38K | -271.64K |
| Total Assets£ | 1.59M | 967.57K | 1.41M | 1.71M |
| Cash in Bank£ | 107.56K | 249.06K | 113.15K | 74.65K |
| Total Liabilities£ | 815.35K | 1.02M | 1.30M | 1.61M |
| Employees | 12 | 17 | 18 | 18 |
BINARY IS LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for BINARY IS LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
BINARY IS LIMITED reported net assets of £-271.64K for 2024. That compares with £-283.38K in 2023, a change of 4.14%.
BINARY IS LIMITED reported total assets of £1.71M for 2024. That compares with £1.41M in 2023, a change of 21.64%.
BINARY IS LIMITED reported cash in bank of £74.65K for 2024. That compares with £113.15K in 2023, a change of -34.02%.
BINARY IS LIMITED reported 18 employees in 2024, compared with 18 in 2023.
Between 2022 and 2024, BINARY IS LIMITED's cash in bank fell by 70%, total assets rose by 77.2%, total liabilities rose by 58% and employee numbers rose by 5.9%. Cash in bank contracted at 45.3% a year across the two years to 2024, from £249.06K to £74.65K. Reported headcount went from 17 in 2022 to 18 in 2024 (+1).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.