Caseware UK (AP4) 2022.0.179 2022.0.179 2023-10-312023-10-31true2022-11-01falseNo description of principal activity22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12093624 2022-11-01 2023-10-31 12093624 2021-08-01 2022-10-31 12093624 2023-10-31 12093624 2022-10-31 12093624 c:Director2 2022-11-01 2023-10-31 12093624 d:MotorVehicles 2022-11-01 2023-10-31 12093624 d:MotorVehicles 2023-10-31 12093624 d:MotorVehicles 2022-10-31 12093624 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12093624 d:OfficeEquipment 2022-11-01 2023-10-31 12093624 d:OfficeEquipment 2023-10-31 12093624 d:OfficeEquipment 2022-10-31 12093624 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12093624 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12093624 d:CurrentFinancialInstruments 2023-10-31 12093624 d:CurrentFinancialInstruments 2022-10-31 12093624 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12093624 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 12093624 d:ShareCapital 2023-10-31 12093624 d:ShareCapital 2022-10-31 12093624 d:RetainedEarningsAccumulatedLosses 2023-10-31 12093624 d:RetainedEarningsAccumulatedLosses 2022-10-31 12093624 c:FRS102 2022-11-01 2023-10-31 12093624 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12093624 c:FullAccounts 2022-11-01 2023-10-31 12093624 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12093624 2 2022-11-01 2023-10-31 12093624 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 12093624









WE COLLECT WE DONATE LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2023

 
WE COLLECT WE DONATE LTD
REGISTERED NUMBER: 12093624

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,299
13,732

  
10,299
13,732

Current assets
  

Cash at bank and in hand
 5 
1,822
1,283

  
1,822
1,283

Creditors: amounts falling due within one year
 6 
(6,283)
(13,684)

Net current liabilities
  
 
 
(4,461)
 
 
(12,401)

Total assets less current liabilities
  
5,838
1,331

  

Net assets
  
5,838
1,331


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
5,828
1,321

  
5,838
1,331


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 July 2024.

Reammel Sharon
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 1

 
WE COLLECT WE DONATE LTD
REGISTERED NUMBER: 12093624
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023


Page 2

 
WE COLLECT WE DONATE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

1.


General information

The company is limited by shares and incorporated in England. The address of the registerd office is
given in the company information page of these financial statements. The company's principal activity is
that of wholesale of waste and scrap.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
WE COLLECT WE DONATE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
Office equipment
-
25%
on a reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
WE COLLECT WE DONATE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2023
2022
£
£

Wages and salaries
26,300
33,000

26,300
33,000


The average monthly number of employees, including directors, during the period was 2 (2022 - 2).

Page 5

 
WE COLLECT WE DONATE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 November 2022
24,000
550
24,550



At 31 October 2023

24,000
550
24,550



Depreciation


At 1 November 2022
10,500
318
10,818


Charge for the period on owned assets
3,375
58
3,433



At 31 October 2023

13,875
376
14,251



Net book value



At 31 October 2023
10,125
174
10,299



At 31 October 2022
13,500
232
13,732


5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,822
1,283

Less: bank overdrafts
-
(697)

1,822
586


Page 6

 
WE COLLECT WE DONATE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
697

Corporation tax
3,703
4,100

Other taxation and social security
287
133

Other creditors
493
7,254

Accruals and deferred income
1,800
1,500

6,283
13,684


 
Page 7