WEVALUEYOU CIC

Company Registration Number:
11700941 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2022

Period of accounts

Start date: 1 December 2021

End date: 30 November 2022

WEVALUEYOU CIC

Contents of the Financial Statements

for the Period Ended 30 November 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

WEVALUEYOU CIC

Directors' report period ended 30 November 2022

The directors present their report with the financial statements of the company for the period ended 30 November 2022

Principal activities of the company

Other retail sale not in stores, stalls or markets



Directors

The director shown below has held office during the whole of the period from
1 December 2021 to 30 November 2022

Ian Hallifax


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
28 November 2023

And signed on behalf of the board by:
Name: Ian Hallifax
Status: Director

WEVALUEYOU CIC

Profit And Loss Account

for the Period Ended 30 November 2022

2022 2021


£

£
Turnover: 81,399 32,400
Cost of sales: ( 102,580 ) ( 31,249 )
Gross profit(or loss): (21,181) 1,151
Administrative expenses: ( 29,805 ) ( 56,410 )
Other operating income: 16,250 19,911
Operating profit(or loss): (34,736) (35,348)
Profit(or loss) before tax: (34,736) (35,348)
Profit(or loss) for the financial year: (34,736) (35,348)

WEVALUEYOU CIC

Balance sheet

As at 30 November 2022

Notes 2022 2021


£

£
Fixed assets
Intangible assets: 3 0 18,655
Tangible assets: 4 79,650 0
Total fixed assets: 79,650 18,655
Current assets
Debtors: 5 114,312 8,648
Cash at bank and in hand: 5,881 4,346
Total current assets: 120,193 12,994
Creditors: amounts falling due within one year: 6 ( 193,906 ) ( 58,026 )
Net current assets (liabilities): (73,713) (45,032)
Total assets less current liabilities: 5,937 ( 26,377)
Creditors: amounts falling due after more than one year: 7 ( 117,050 ) ( 50,000 )
Total net assets (liabilities): (111,113) (76,377)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (111,213 ) (76,477 )
Total Shareholders' funds: ( 111,113 ) (76,377)

The notes form part of these financial statements

WEVALUEYOU CIC

Balance sheet statements

For the year ending 30 November 2022 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 28 November 2023
and signed on behalf of the board by:

Name: Ian Hallifax
Status: Director

The notes form part of these financial statements

WEVALUEYOU CIC

Notes to the Financial Statements

for the Period Ended 30 November 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

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Notes to the Financial Statements

for the Period Ended 30 November 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 1 1

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Notes to the Financial Statements

for the Period Ended 30 November 2022

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 December 2021 18,655 0 18,655
Additions
Disposals ( 18,655 ) 0 ( 18,655 )
Revaluations
Transfers
At 30 November 2022 0 0 0
Amortisation
At 1 December 2021 0 0 0
Charge for year
On disposals
Other adjustments
At 30 November 2022 0 0 0
Net book value
At 30 November 2022 0 0 0
At 30 November 2021 18,655 0 18,655

WEVALUEYOU CIC

Notes to the Financial Statements

for the Period Ended 30 November 2022

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2021 0 0
Additions 83,700 83,700
Disposals
Revaluations
Transfers
At 30 November 2022 83,700 83,700
Depreciation
At 1 December 2021 0 0
Charge for year 4,050 4,050
On disposals
Other adjustments
At 30 November 2022 4,050 4,050
Net book value
At 30 November 2022 79,650 79,650
At 30 November 2021 0 0

WEVALUEYOU CIC

Notes to the Financial Statements

for the Period Ended 30 November 2022

5. Debtors

2022 2021
£ £
Trade debtors 33,360
Other debtors 80,952 8,648
Total 114,312 8,648

WEVALUEYOU CIC

Notes to the Financial Statements

for the Period Ended 30 November 2022

6. Creditors: amounts falling due within one year note

2022 2021
£ £
Bank loans and overdrafts 1,174
Trade creditors 119,220 1
Taxation and social security 74,686 54,351
Other creditors 2,500
Total 193,906 58,026

WEVALUEYOU CIC

Notes to the Financial Statements

for the Period Ended 30 November 2022

7. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Bank loans and overdrafts 49,550 50,000
Other creditors 67,500
Total 117,050 50,000

COMMUNITY INTEREST ANNUAL REPORT

WEVALUEYOU CIC

Company Number: 11700941 (England and Wales)

Year Ending: 30 November 2022

Company activities and impact

The company is still preparing to fully launch

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
28 November 2023

And signed on behalf of the board by:
Name: Ian Hallifax
Status: Director