IRIS Accounts Production v23.3.1.45 OC317862 designated member designated member 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC3178622022-02-28OC3178622023-02-28OC3178622022-03-012023-02-28OC3178622021-02-28OC3178622021-03-012022-02-28OC3178622022-02-28OC317862ns16:EnglandWales2022-03-012023-02-28OC317862ns15:PoundSterling2022-03-012023-02-28OC317862ns11:Director12022-03-012023-02-28OC317862ns11:Director22022-03-012023-02-28OC317862ns11:LimitedLiabilityPartnershipLLP2022-03-012023-02-28OC317862ns11:SmallEntities2022-03-012023-02-28OC317862ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-28OC317862ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-28OC317862ns11:LimitedLiabilityPartnershipsSORP2022-03-012023-02-28OC317862ns11:FullAccounts2022-03-012023-02-28OC317862ns11:RegisteredOffice2022-03-012023-02-28OC317862ns6:CurrentFinancialInstruments2023-02-28OC317862ns6:CurrentFinancialInstruments2022-02-28OC317862ns6:Non-currentFinancialInstruments2023-02-28OC317862ns6:Non-currentFinancialInstruments2022-02-28OC317862ns6:PlantMachinery2022-03-012023-02-28OC317862ns6:PlantMachinery2022-02-28OC317862ns6:PlantMachinery2023-02-28OC317862ns6:PlantMachinery2022-02-28OC317862ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-02-28OC317862ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-03-012023-02-28OC317862ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2023-02-28OC317862ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-02-28OC317862ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-28OC317862ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-28
REGISTERED NUMBER: OC317862 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

WE SOLICITORS LLP

WE SOLICITORS LLP (REGISTERED NUMBER: OC317862)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WE SOLICITORS LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DESIGNATED MEMBERS: Mr D F Wingate
Mr S E Evans





REGISTERED OFFICE: Ivy Mill
Crown Street
Failsworth
Manchester
Lancashire
M35 9BG





REGISTERED NUMBER: OC317862 (England and Wales)






WE SOLICITORS LLP (REGISTERED NUMBER: OC317862)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 13,964 27,928

CURRENT ASSETS
Debtors 5 851,884 952,247
Cash at bank and in hand 753 17,083
852,637 969,330
CREDITORS
Amounts falling due within one year 6 (739,255 ) (765,546 )
NET CURRENT ASSETS 113,382 203,784
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,346

231,712

CREDITORS
Amounts falling due after more than one
year

7

(70,152

)

(190,614

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

57,194

41,098

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 57,194 41,098
57,194 41,098

TOTAL MEMBERS' INTERESTS
Members' other interests 57,194 41,098

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 28 February 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

WE SOLICITORS LLP (REGISTERED NUMBER: OC317862)

BALANCE SHEET - continued
28 FEBRUARY 2023


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 28 November 2023 and were signed by:




Mr D F Wingate - Designated member




Mr S E Evans - Designated member


WE SOLICITORS LLP (REGISTERED NUMBER: OC317862)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

WE Solicitors LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on cost and 20% on cost

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 5 (2022 - 5 ) .

WE SOLICITORS LLP (REGISTERED NUMBER: OC317862)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 126,383
DEPRECIATION
At 1 March 2022 98,455
Charge for year 13,964
At 28 February 2023 112,419
NET BOOK VALUE
At 28 February 2023 13,964
At 28 February 2022 27,928

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 55,855
DEPRECIATION
At 1 March 2022 27,927
Charge for year 13,964
At 28 February 2023 41,891
NET BOOK VALUE
At 28 February 2023 13,964
At 28 February 2022 27,928

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 827,804 926,220
Other debtors 24,080 26,027
851,884 952,247

WE SOLICITORS LLP (REGISTERED NUMBER: OC317862)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 225,957 291,762
Hire purchase contracts 7,642 7,642
Trade creditors 82,671 47,033
Taxation and social security 43,760 49,062
Other creditors 379,225 370,047
739,255 765,546

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 26,258 33,900
Other creditors 43,894 156,714
70,152 190,614