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Company Registration No. 07427994 (England and Wales)
WeKnow Media Limited Unaudited accounts for the year ended 31 December 2022
WeKnow Media Limited Unaudited accounts Contents
Page
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WeKnow Media Limited Company Information for the year ended 31 December 2022
Director
Nathalie Millar
Company Number
07427994 (England and Wales)
Registered Office
Suite138, 80 Churchill Square Kings Hill West Malling ME19 4YU
Accountants
KMA Spotlight 124 City Road London EC1V 2NX
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WeKnow Media Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,297 
4,380 
Current assets
Debtors
183,889 
224,906 
Cash at bank and in hand
295,041 
235,961 
478,930 
460,867 
Creditors: amounts falling due within one year
(226,886)
(159,804)
Net current assets
252,044 
301,063 
Total assets less current liabilities
255,341 
305,443 
Creditors: amounts falling due after more than one year
(46,667)
(86,889)
Net assets
208,674 
218,554 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
208,574 
218,454 
Shareholders' funds
208,674 
218,554 
For the year ending 31 December 2022 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 November 2023 and were signed on its behalf by
Nathalie Millar Director Company Registration No. 07427994
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WeKnow Media Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
WeKnow Media Limited is a private company, limited by shares, registered in England and Wales, registration number 07427994. The registered office is Suite138, 80 Churchill Square, Kings Hill, West Malling, ME19 4YU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax. Turnover from a contract to provide services is recognised in the year in which the services are provided in accordance with the stage of completion of the contract when all of following conditions are satisfied: - the amount of revenue can be measured reliably, - it is probable that the company will recieve the consideration due under the contract, - the stage of completion of the contract at the end of the reporting period can be measured reliably, - the costs incurred and the costs to complete the contract can be measured reliably.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% straight-line basis
Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade, other debtors and creditors, loans from banks and other third parties, loans to related parties, loans to related parties and investments in ordinary activities. Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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WeKnow Media Limited Notes to the Accounts for the year ended 31 December 2022
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligations. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2022
11,442 
Additions
877 
At 31 December 2022
12,319 
Depreciation
At 1 January 2022
7,062 
Charge for the year
1,960 
At 31 December 2022
9,022 
Net book value
At 31 December 2022
3,297 
At 31 December 2021
4,380 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
150,884 
139,460 
Amounts due from group undertakings etc.
61 
68,578 
Accrued income and prepayments
1,997 
627 
Other debtors
30,947 
16,241 
183,889 
224,906 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
21,086 
- 
Trade creditors
38,756 
43,356 
Taxes and social security
58,209 
32,803 
Other creditors
995 
1,557 
Loans from directors
526 
701 
Accruals
64,263 
51,747 
Deferred income
43,051 
29,640 
226,886 
159,804 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
46,667 
86,889 
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WeKnow Media Limited Notes to the Accounts for the year ended 31 December 2022
8
Loans to directors
During the year, the company advanced a total of £613 to a director. This amount was outstanding at the year end. It was written-off after the year-end. During the year, the company advanced a total of £1,226 to a director. This amount was outstanding at the year end. This amount was repaid on 30 September 2023.
9
Average number of employees
During the year the average number of employees was 4 (2021: 4).
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