WOMEN'S ENTREPRENEURSHIP INITIATIVE LTD

Company limited by guarantee

Company Registration Number:
09907014 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

WOMEN'S ENTREPRENEURSHIP INITIATIVE LTD

Contents of the Financial Statements

for the Period Ended 31 December 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

WOMEN'S ENTREPRENEURSHIP INITIATIVE LTD

Directors' report period ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Principal activities of the company

The company's principal activity during the year continued to be that of activities of extraterritorial organisations and bodies.



Directors

The directors shown below have held office during the whole of the period from
1 January 2022 to 31 December 2022

Kelly Nwachuku Lavelle
Lorenz Chidue Nwachuku
Micha Raewyn Mac Gaw
Dr Hessah Mohommed Al Sheikh
Tanya Lee Ellis


The director shown below has held office during the period of
1 January 2022 to 23 July 2022

Claire Yvonne Marshall


The director shown below has held office during the period of
14 October 2022 to 31 December 2022

Christel Bourbon-Seclet


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 September 2023

And signed on behalf of the board by:
Name: Kelly Nwachuku Lavelle
Status: Director

WOMEN'S ENTREPRENEURSHIP INITIATIVE LTD

Profit And Loss Account

for the Period Ended 31 December 2022

2022 2021


£

£
Turnover: 179,165 180,918
Cost of sales: ( 13,705 ) ( 9,029 )
Gross profit(or loss): 165,460 171,889
Administrative expenses: ( 134,159 ) ( 84,874 )
Operating profit(or loss): 31,301 87,015
Profit(or loss) before tax: 31,301 87,015
Profit(or loss) for the financial year: 31,301 87,015

WOMEN'S ENTREPRENEURSHIP INITIATIVE LTD

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 6,725 11,482
Total fixed assets: 6,725 11,482
Current assets
Stocks: 4 23,564 28,116
Debtors: 5 32,610 11,278
Cash at bank and in hand: 137,567 113,528
Total current assets: 193,741 152,922
Creditors: amounts falling due within one year: 6 ( 43,088 ) ( 38,326 )
Net current assets (liabilities): 150,653 114,596
Total assets less current liabilities: 157,378 126,078
Total net assets (liabilities): 157,378 126,078
Members' funds
Profit and loss account: 157,378 126,078
Total members' funds: 157,378 126,078

The notes form part of these financial statements

WOMEN'S ENTREPRENEURSHIP INITIATIVE LTD

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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.

This report was approved by the board of directors on 29 September 2023
and signed on behalf of the board by:

Name: Kelly Nwachuku Lavelle
Status: Director

The notes form part of these financial statements

WOMEN'S ENTREPRENEURSHIP INITIATIVE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Fixtures, fittings, tools and equipment; over 3 years Motor vehicles ; over 3 years

    Other accounting policies

    Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors 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. 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.

WOMEN'S ENTREPRENEURSHIP INITIATIVE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 2 2

WOMEN'S ENTREPRENEURSHIP INITIATIVE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2022 5,552 7,546 13,098
Additions
Disposals ( 1,704 ) ( 1,509 ) ( 3,213 )
Revaluations
Transfers
At 31 December 2022 3,848 6,037 9,885
Depreciation
At 1 January 2022 816 800 1,616
Charge for year 864 2,296 3,160
On disposals ( 816 ) ( 800 ) ( 1,616 )
Other adjustments
At 31 December 2022 864 2,296 3,160
Net book value
At 31 December 2022 2,984 3,741 6,725
At 31 December 2021 4,736 6,746 11,482

WOMEN'S ENTREPRENEURSHIP INITIATIVE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Stocks

2022 2021
£ £
Stocks 23,564 28,116
Total 23,564 28,116

WOMEN'S ENTREPRENEURSHIP INITIATIVE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Debtors

2022 2021
£ £
Trade debtors 32,610 11,278
Total 32,610 11,278

WOMEN'S ENTREPRENEURSHIP INITIATIVE LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Creditors: amounts falling due within one year note

2022 2021
£ £
Trade creditors 3,330 411
Taxation and social security 941 111
Other creditors 38,817 37,804
Total 43,088 38,326