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REGISTERED NUMBER: 05452064 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

WE R GLOBAL SOURCING SOLUTIONS LTD

WE R GLOBAL SOURCING SOLUTIONS LTD (REGISTERED NUMBER: 05452064)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WE R GLOBAL SOURCING SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: G A Robinson
A Wright





SECRETARY: G A Robinson





REGISTERED OFFICE: 4, Ashley Drive
Gonerby Hill Foot
GRANTHAM
Lincolnshire
NG31 8JL





REGISTERED NUMBER: 05452064 (England and Wales)





ACCOUNTANT: David Pattinson
233 London Road
Balderton
Newark
Nottinghamshire
NG24 3HA

WE R GLOBAL SOURCING SOLUTIONS LTD (REGISTERED NUMBER: 05452064)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25 70

CURRENT ASSETS
Stocks - 2,528
Debtors 5 1,125,410 1,703,292
Prepayments and accrued income - 47
Cash at bank 1,180,065 883,181
2,305,475 2,589,048
CREDITORS
Amounts falling due within one year 6 1,239,530 1,920,187
NET CURRENT ASSETS 1,065,945 668,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,065,970

668,931

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 1,065,670 668,631
SHAREHOLDERS' FUNDS 1,065,970 668,931

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by:




G A Robinson - Director



A Wright - Director


WE R GLOBAL SOURCING SOLUTIONS LTD (REGISTERED NUMBER: 05452064)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

We R Global Sourcing Solutions 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 and value added tax.

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 - 20% on cost
Fixtures and fittings - 20% on cost

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 year 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 year 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.

Foreign exchange transactions
Foreign exchange transactions are translated at the average rate for the year. Year end balances are translated at the year-end rate.

3. EMPLOYEES AND DIRECTORS

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

WE R GLOBAL SOURCING SOLUTIONS LTD (REGISTERED NUMBER: 05452064)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 4,438
DEPRECIATION
At 1 April 2022 4,368
Charge for year 45
At 31 March 2023 4,413
NET BOOK VALUE
At 31 March 2023 25
At 31 March 2022 70

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,125,395 1,703,281
Deferred tax asset 15 11
1,125,410 1,703,292

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,126,247 1,916,045
Tax 104,845 -
VAT 6,681 2,625
Accruals 1,757 1,517
1,239,530 1,920,187

7. DEFERRED TAX
£   
Balance at 1 April 2022 (11 )
Released (4 )
Balance at 31 March 2023 (15 )

8. RELATED PARTY DISCLOSURES

The company has no overall control.