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Registered Number: 11876150
England and Wales

 

 

 

WE PROTECT LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
Director Shiden Mezghebe
Registered Number 11876150
Registered Office 3 Upper Gulland Walk
LONDON UNITED KINGDOM
London
N1 2PF
Accountants Dixon Gibbs Ltd
Suite 2, The Mintworks
124 Highgate
Kendal
Cumbria
LA9 4HE
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 March 2023
Principal activities
The companys principal activity during the year was the provision of financial services
Director
The director who served the company throughout the year was as follows:
Shiden Mezghebe
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Shiden Mezghebe
Director

Date approved: 23 January 2024
2
Accountants report
You consider that the company is exempt from an audit for the year ended 31 March 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Dixon Gibbs Ltd
31 March 2023



....................................................
Dixon Gibbs Ltd
Suite 2, The Mintworks
124 Highgate
Kendal
Cumbria
LA9 4HE
23 January 2024
3
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 493   
493   
Current assets      
Debtors 4 8,437    8,204 
Cash at bank and in hand 769    800 
9,206    9,004 
Creditors: amount falling due within one year 5 (14,057)   (8,991)
Net current liabilities (4,851)   13 
 
Total assets less current liabilities (4,358)   13 
Provisions for liabilities 6 697   
Net liabilities (3,661)   13 
 

Capital and reserves
     
Called up share capital 7 1    1 
Profit and loss account (3,662)   12 
Shareholder's funds (3,661)   13 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 23 January 2024 and were signed by:


-------------------------------
Shiden Mezghebe
Director
4
General Information
WE PROTECT LTD is a private company, limited by shares, registered in England and Wales, registration number 11876150, registration address 3 Upper Gulland Walk, LONDON UNITED KINGDOM, London, N1 2PF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 2 Years Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 April 2022 1,200      1,200 
Additions   500    500 
Disposals    
At 31 March 2023 1,200    500    1,700 
Depreciation
At 01 April 2022 1,200      1,200 
Charge for year   7    7 
On disposals    
At 31 March 2023 1,200    7    1,207 
Net book values
Closing balance as at 31 March 2023   493    493 
Opening balance as at 01 April 2022    


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 959    1,000 
Other Debtors 7,478    7,204 
8,437    8,204 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 4,028    331 
Taxation & Social Security 9,245    8,225 
Accrued Expenses 784    435 
14,057    8,991 

6.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax (697)  
(697)  

7.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
1 Class A share of £1.00 each  
 

8.

Advances and Credits



Director
During the year 2022 the Director had received a loan from the company paying interest at HMRC's official rate. The balance outstanding as at 31st March 2022 was £7,204. This was later repaid during the financial year ending 2023. The Director then took a further advance during the financial year ending 31st March 2023 and paid interest at HMRC's official rate of interest. The balance as at 31st March 2023 was £7,204. The loan is repayable on demand.

Current year (2023)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
WrittenOff
£
Waived
£
Carry Forward
£
Director7,204 7,281 197 7,204 7,478 
720472811977204007478
Previous year (2022)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
WrittenOff
£
Waived
£
Carry Forward
£
Director6,800 7,008 196 6,800 7,204 
680070081966800007204
5