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REGISTERED NUMBER: 10915919 (England and Wales)

















Unaudited Financial Statements

for the Period

1 September 2022 to 31 March 2023

for

We Adapt Ltd

We Adapt Ltd (Registered number: 10915919)






Contents of the Financial Statements
for the Period 1 September 2022 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


We Adapt Ltd

Company Information
for the Period 1 September 2022 to 31 March 2023







DIRECTOR: Mr Charles Edward Bradley





REGISTERED OFFICE: Flat 3 Cholmeley Court
Southwood Lane
London
N6 5TD





REGISTERED NUMBER: 10915919 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

We Adapt Ltd (Registered number: 10915919)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,370 1,379

CURRENT ASSETS
Stocks - 104,378
Debtors 5 273,871 162,067
Cash at bank 1,135,192 253,539
1,409,063 519,984
CREDITORS
Amounts falling due within one year 6 (393,789 ) (106,331 )
NET CURRENT ASSETS 1,015,274 413,653
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,016,644

415,032

PROVISIONS FOR LIABILITIES (260 ) -
NET ASSETS 1,016,384 415,032

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,016,284 414,932
1,016,384 415,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 October 2023 and were signed by:



Mr Charles Edward Bradley - Director


We Adapt Ltd (Registered number: 10915919)

Notes to the Financial Statements
for the Period 1 September 2022 to 31 March 2023

1. STATUTORY INFORMATION

We Adapt Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

We Adapt Ltd (Registered number: 10915919)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 31 March 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2022 2,442
Additions 1,208
At 31 March 2023 3,650
DEPRECIATION
At 1 September 2022 1,063
Charge for period 1,217
At 31 March 2023 2,280
NET BOOK VALUE
At 31 March 2023 1,370
At 31 August 2022 1,379

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 23,133 162,067
Other debtors 250,593 -
VAT 145 -
273,871 162,067

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 60
Tax 248,829 96,750
VAT - 7,561
Directors' loan accounts 70 70
Deferred income 143,000 -
Accrued expenses 1,890 1,890
393,789 106,331

We Adapt Ltd (Registered number: 10915919)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 31 March 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2023 and the year ended 31 August 2022:

2023 2022
£    £   
Mr Charles Edward Bradley
Balance outstanding at start of period (70 ) (5,013 )
Amounts advanced - 13,943
Amounts repaid - (9,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (70 ) (70 )

8. RELATED PARTY DISCLOSURES

New Theory Ltd

A company in which Mr C Bradley is a director.


2023 2022
£    £   
Amount due from related party at the balance sheet date 250,593 -

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Charles Edward Bradley.