1 April 2022 false No description of principal activity Taxfiler 2023.10 12090773business:PrivateLimitedCompanyLtd2022-04-012023-03-31 120907732022-03-31 120907732022-04-012023-03-31 12090773business:AuditExempt-NoAccountantsReport2022-04-012023-03-31 12090773business:FilletedAccounts2022-04-012023-03-31 120907732023-03-31 120907732022-03-31 12090773core:WithinOneYear2023-03-31 12090773core:WithinOneYear2022-03-31 12090773core:AfterOneYear2023-03-31 12090773core:AfterOneYear2022-03-31 12090773core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 12090773core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 12090773core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 12090773core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 12090773core:PreviouslyStatedAmount2023-03-31 12090773core:PreviouslyStatedAmount2022-03-31 12090773business:SmallEntities2022-04-012023-03-31 12090773business:Director12022-04-012023-03-31 12090773countries:EnglandWales2022-04-012023-03-31 12090773business:RegisteredOffice2022-04-012023-03-31 12090773core:PlantMachinery2022-04-012023-03-31 12090773core:MotorVehicles2022-04-012023-03-31 12090773core:FurnitureFittings2022-04-012023-03-31 12090773core:ComputerEquipment2022-04-012023-03-31 12090773core:OtherPropertyPlantEquipment2022-04-012023-03-31 12090773core:PlantMachinery2022-03-31 12090773core:FurnitureFittings2022-03-31 12090773core:ComputerEquipment2022-03-31 12090773core:PlantMachinery2023-03-31 12090773core:FurnitureFittings2023-03-31 12090773core:ComputerEquipment2023-03-31 120907732021-04-012022-03-31 iso4217:GBP xbrli:pure
Wearesn Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
(2)
1,298 
Current assets
Debtors
84,962 
128,995 
Cash at bank and in hand
(10,635)
12,928 
74,327 
141,923 
Creditors: amounts falling due within one year
(27,585)
(91,836)
Net current assets
46,742 
50,087 
Total assets less current liabilities
46,740 
51,385 
Creditors: amounts falling due after more than one year
(34,540)
(40,195)
Net assets
12,200 
11,190 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
12,199 
11,189 
Shareholders' funds
12,200 
11,190 
For the year ending 31 March 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 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 27 February 2024 and were signed on its behalf by
Katherine Jones Director Company Registration No. 12090773
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Wearesn Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Wearesn Ltd is a private company, limited by shares, registered in England and Wales, registration number 12090773. The registered office is Lower Ground Floor, 6 Stanley Street, Liverpool, L1 6AF, 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
These financial statements for the year ended 31 March 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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:
Plant & machinery
3 years
Motor vehicles
3 years
Fixtures & fittings
3 years
Computer equipment
3 years
Other tangible fixed assets
3 years
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
1,331 
- 
1,445 
2,776 
At 31 March 2023
1,331 
- 
1,445 
2,776 
Depreciation
At 1 April 2022
756 
- 
722 
1,478 
Charge for the year
- 
576 
724 
1,300 
At 31 March 2023
756 
576 
1,446 
2,778 
Net book value
At 31 March 2023
575 
(576)
(1)
(2)
At 31 March 2022
575 
- 
723 
1,298 
- 2 -
Wearesn Ltd Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
84,307 
100,175 
Other debtors
655 
28,820 
84,962 
128,995 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,220 
5,220 
VAT
26,955 
21,256 
Trade creditors
9,780 
- 
Taxes and social security
10,295 
10,808 
Other creditors
(35,820)
192 
Loans from directors
- 
1,378 
Accruals
11,155 
52,982 
27,585 
91,836 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
34,540 
40,195 
8
Transactions with related parties
Included within other debtors is and amount of £37,237 due from Think J Wines Ltd. Think J Wines Ltd has the same directors and shareholders as Wearesn Ltd.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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