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Company Registration No. 10541940 (England and Wales)
We Fix Feet Group Limited Unaudited accounts for the year ended 31 December 2023
We Fix Feet Group Limited Unaudited accounts Contents
Page
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We Fix Feet Group Limited Company Information for the year ended 31 December 2023
Directors
Dorothy Bloore Stephen Carter Darren Bloore
Company Number
10541940 (England and Wales)
Registered Office
We Fix Feet Group Limited 94 Bath Street Ilkeston DE7 8FE England
Accountants
Pink Butterfly Accounting Ltd 90 Blackstairs Road Ellesmere Port Cheshire CH66 1TX
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We Fix Feet Group Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
66,001 
57,635 
Current assets
Inventories
5,075 
6,323 
Debtors
2,864 
1,145 
Cash at bank and in hand
11,651 
22,234 
19,590 
29,702 
Creditors: amounts falling due within one year
(16,265)
(7,302)
Net current assets
3,325 
22,400 
Total assets less current liabilities
69,326 
80,035 
Provisions for liabilities
Deferred tax
(12,541)
(10,951)
Net assets
56,785 
69,084 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
56,685 
68,984 
Shareholders' funds
56,785 
69,084 
For the year ending 31 December 2023 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by
Stephen Carter Director Company Registration No. 10541940
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We Fix Feet Group Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
We Fix Feet Group Limited is a private company, limited by shares, registered in England and Wales, registration number 10541940. The registered office is We Fix Feet Group Limited, 94 Bath Street, Ilkeston, DE7 8FE, England.
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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Land & buildings
25% Reducing Balance
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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We Fix Feet Group Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2023
87,155 
Additions
26,906 
Disposals
(479)
At 31 December 2023
113,582 
Depreciation
At 1 January 2023
29,520 
Charge for the year
18,061 
At 31 December 2023
47,581 
Net book value
At 31 December 2023
66,001 
At 31 December 2022
57,635 
5
Average number of employees
During the year the average number of employees was 8 (2022: 5).
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