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REGISTERED NUMBER: 10745705 (England and Wales)













Unaudited Financial Statements

for the Period 1 May 2022 to 31 October 2023

for

We Save More Limited

We Save More Limited (Registered number: 10745705)






Contents of the Financial Statements
for the period 1 May 2022 to 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


We Save More Limited

Company Information
for the period 1 May 2022 to 31 October 2023







DIRECTORS: S Hill
K K McNally





REGISTERED OFFICE: Portland House
Belmont Business Park
Belmont
County Durham
DH1 1TW





REGISTERED NUMBER: 10745705 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

We Save More Limited (Registered number: 10745705)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 3,627

CURRENT ASSETS
Debtors 5 8,894 12,795
Cash at bank 1,158 5,987
10,052 18,782
CREDITORS
Amounts falling due within one year 6 4,916 7,997
NET CURRENT ASSETS 5,136 10,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,136

14,412

CREDITORS
Amounts falling due after more than one
year

7

-

(11,862

)

PROVISIONS FOR LIABILITIES - (689 )
NET ASSETS 5,136 1,861

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 5,037 1,762
SHAREHOLDERS' FUNDS 5,136 1,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

We Save More Limited (Registered number: 10745705)

Statement of Financial Position - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2024 and were signed on its behalf by:





S Hill - Director


We Save More Limited (Registered number: 10745705)

Notes to the Financial Statements
for the period 1 May 2022 to 31 October 2023

1. STATUTORY INFORMATION

We Save More Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have bee prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the director considers to be appropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% Straight line
Computer equipment - 33% Straight line

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

We Save More Limited (Registered number: 10745705)

Notes to the Financial Statements - continued
for the period 1 May 2022 to 31 October 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2022 4,151 1,166 5,317
Disposals (4,151 ) (1,166 ) (5,317 )
At 31 October 2023 - - -
DEPRECIATION
At 1 May 2022 1,467 223 1,690
Charge for period 1,249 579 1,828
Eliminated on disposal (2,716 ) (802 ) (3,518 )
At 31 October 2023 - - -
NET BOOK VALUE
At 31 October 2023 - - -
At 30 April 2022 2,684 943 3,627

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 238 6,249
Directors' current accounts 8,656 6,546
8,894 12,795

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 1,492
Tax 2,779 2,891
Social security and other taxes - 93
VAT 687 1,888
Accrued expenses 1,450 1,633
4,916 7,997

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years - 1,500
Bank loans - 2-5 years - 4,500
Bank loans more 5 yr by instal - 5,862
- 11,862

We Save More Limited (Registered number: 10745705)

Notes to the Financial Statements - continued
for the period 1 May 2022 to 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 5,862

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 October 2023 and the year ended 30 April 2022:

2023 2022
£    £   
S Hill
Balance outstanding at start of period 5,915 12,769
Amounts advanced 7,078 6,958
Amounts repaid (4,336 ) (13,812 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 8,657 5,915

K K McNally
Balance outstanding at start of period 631 1,238
Amounts advanced 4,345 17,439
Amounts repaid (4,976 ) (18,046 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 631

9. CONTROL

The company was under the control of the directors.