Wearesn Ltd
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
(10,635)
12,928
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)
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
Wearesn Ltd
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
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
At 31 March 2023
575
(576)
(1)
(2)
At 31 March 2022
575
-
723
1,298
Wearesn Ltd
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
84,307
100,175
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,220
5,220
Taxes and social security
10,295
10,808
Other creditors
(35,820)
192
Loans from directors
-
1,378
7
Creditors: amounts falling due after more than one year
2023
2022
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).