Shifting Our Minds CIC
Registered name: SHIFTING OUR MINDS CIC
Shifting Our Minds CIC made £675 revenue and a £1k loss in the year to 31 Aug 2024.
Shifting Our Minds CIC’s revenue fell 91% to £675 in the year to 31 Aug 2024, with a loss of £1k and 6 employees. The company is classified under “other human health activities” and is based in Durham; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Durham, North East
- Age
- 5 yrs · since 2021
- Type
- Community Interest Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Aug 2022 | 31 Aug 2023 | 31 Aug 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £0 | £7.3k | £675 |
| Cost of sales | £0 | £1.4k | £4.7k |
| Gross profit | £0 | £6k | −£4k |
| Operating profit | −£2k | −£3.7k | −£1k |
| Profit before tax | −£2k | −£3.7k | −£1k |
| Profit after tax | −£2k | −£3.7k | −£1k |
| Profit (best available) | −£2k | −£3.7k | −£1k |
| Employees (average) | 1 | 6 | 6 |
| Ratios | |||
| Profit margin | — | −50.3% | −148.4% |
| Gross margin | — | 81.4% | −593.3% |
| Revenue per employee | £0 | £1.2k | £112 |
| Profit per employee | −£2k | −£613 | −£167 |
| Growth (year on year) | |||
| Revenue growth | — | — | ▼90.8% |
| Headcount growth | — | ▲500% | 0% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £0 | £80 | £0 |
| Net assets | −£2k | −£5.7k | −£6.7k |
| Fixed assets | £1.1k | £946 | £851 |
| Current assets | £0 | £80 | £0 |
| Deferred income | £658 | £240 | £720 |
| Source | FullAccounts · bulk data May 2024 | FullAccounts · bulk data May 2024 | FullAccounts · bulk data May 2025 |
How the business works
- Profit margin
- −148.4%
- Profit ÷ revenue.
- Gross margin
- −593.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £112
- Revenue ÷ average employees.
- Profit per employee
- −£167
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 126.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 106.7%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now −£6.7k
- Cash at bank
- ▼100%
- Now £0
- Headcount
- 0%
- Now 6
- Deferred income
- ▲200%
- Now £720
- Fixed assets
- ▼10%
- Now £851
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Sources
Latest figures from FullAccounts for the year to 31 Aug 2024 (profit −£1k), from the Companies House accounts bulk data published May 2025. Spotted an error? Request a correction.
Updated from Companies House on 15 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.