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REGISTERED NUMBER: 11537879 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

WEAVE RESEARCH LIMITED

WEAVE RESEARCH LIMITED (REGISTERED NUMBER: 11537879)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WEAVE RESEARCH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: A Barnes
A S Laycock





REGISTERED OFFICE: Ingram House
6 Meridian Way
Norwich
NR7 0TA





REGISTERED NUMBER: 11537879 (England and Wales)





ACCOUNTANTS: LEES
Chartered Certified Accountants
Hogarth House
136 High Holborn
London
WC1V 6PX

WEAVE RESEARCH LIMITED (REGISTERED NUMBER: 11537879)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,275 3,872

CURRENT ASSETS
Stocks 1,500 -
Debtors 5 77,007 65,868
Cash at bank 109,515 15,897
188,022 81,765
CREDITORS
Amounts falling due within one year 6 172,887 77,909
NET CURRENT ASSETS 15,135 3,856
TOTAL ASSETS LESS CURRENT LIABILITIES 17,410 7,728

CAPITAL AND RESERVES
Called up share capital 7 300 300
Retained earnings 17,110 7,428
SHAREHOLDERS' FUNDS 17,410 7,728

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2023 and were signed on its behalf by:





A Barnes - Director


WEAVE RESEARCH LIMITED (REGISTERED NUMBER: 11537879)

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

1. STATUTORY INFORMATION

Weave Research Limited 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 represents the fair value of services provided during the year. Turnover is recognised as contract activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be recoverable from clients. Turnover excludes value added tax.

Tangible 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 - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 3 (2022 - 3 ) .

WEAVE RESEARCH LIMITED (REGISTERED NUMBER: 11537879)

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

4. TANGIBLE ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 6,437
Additions 465
At 31 August 2023 6,902
DEPRECIATION
At 1 September 2022 2,565
Charge for year 2,062
At 31 August 2023 4,627
NET BOOK VALUE
At 31 August 2023 2,275
At 31 August 2022 3,872

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 77,007 63,487
Other debtors - 2,381
77,007 65,868

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 118 514
Taxation and social security 94,177 74,431
Other creditors 78,592 2,964
172,887 77,909

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
100 Ordinary C £1 100 100
300 300

WEAVE RESEARCH LIMITED (REGISTERED NUMBER: 11537879)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
A S Laycock
Balance outstanding at start of year 992 (696 )
Amounts advanced 77,154 24,000
Amounts repaid (108,630 ) (22,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (30,484 ) 992

A Barnes
Balance outstanding at start of year 1,389 (569 )
Amounts advanced 80,155 71,635
Amounts repaid (111,974 ) (69,677 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (30,430 ) 1,389