IRIS Accounts Production v24.2.0.383 10664217 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 Ordinary D 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh106642172023-03-31106642172024-03-31106642172023-04-012024-03-31106642172022-03-31106642172022-04-012023-03-31106642172023-03-3110664217ns15:EnglandWales2023-04-012024-03-3110664217ns14:PoundSterling2023-04-012024-03-3110664217ns10:Director12023-04-012024-03-3110664217ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110664217ns10:SmallEntities2023-04-012024-03-3110664217ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3110664217ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110664217ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110664217ns10:FullAccounts2023-04-012024-03-3110664217ns10:EntityHasNeverTraded2023-04-012024-03-3110664217ns10:OrdinaryShareClass12023-04-012024-03-3110664217ns10:OrdinaryShareClass22023-04-012024-03-3110664217ns10:OrdinaryShareClass32023-04-012024-03-3110664217ns10:OrdinaryShareClass42023-04-012024-03-3110664217ns10:Director22023-04-012024-03-3110664217ns10:Director32023-04-012024-03-3110664217ns10:RegisteredOffice2023-04-012024-03-3110664217ns5:CurrentFinancialInstruments2024-03-3110664217ns5:CurrentFinancialInstruments2023-03-3110664217ns5:Non-currentFinancialInstruments2024-03-3110664217ns5:Non-currentFinancialInstruments2023-03-3110664217ns5:ShareCapital2024-03-3110664217ns5:ShareCapital2023-03-3110664217ns5:RetainedEarningsAccumulatedLosses2024-03-3110664217ns5:RetainedEarningsAccumulatedLosses2023-03-3110664217ns5:ComputerEquipment2023-04-012024-03-3110664217ns5:ComputerEquipment2023-03-3110664217ns5:ComputerEquipment2024-03-3110664217ns5:ComputerEquipment2023-03-3110664217ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3110664217ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3110664217ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3110664217ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3110664217ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3110664217ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3110664217ns5:DeferredTaxation2023-03-3110664217ns5:DeferredTaxation2023-04-012024-03-3110664217ns5:DeferredTaxation2024-03-3110664217ns10:OrdinaryShareClass12024-03-3110664217ns10:OrdinaryShareClass22024-03-3110664217ns10:OrdinaryShareClass32024-03-3110664217ns10:OrdinaryShareClass42024-03-3110664217ns5:RetainedEarningsAccumulatedLosses2023-03-3110664217ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 10664217 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

WEAREEKO LTD

WEAREEKO LTD (REGISTERED NUMBER: 10664217)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


WEAREEKO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: A Lane
L B Wilson
J R Williams





REGISTERED OFFICE: 17 Moor Park Avenue
Preston
Lancashire
PR1 6AS





REGISTERED NUMBER: 10664217 (England and Wales)





ACCOUNTANTS: SBCA Chartered Accountants
17 Moor Park Avenue
Preston
Lancashire
PR1 6AS

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WEAREEKO LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of WeareEKO Ltd for the year ended 31st March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of WeareEKO Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of WeareEKO Ltd and state those matters that we have agreed to state to the Board of Directors of WeareEKO Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than WeareEKO Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that WeareEKO Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of WeareEKO Ltd. You consider that WeareEKO Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of WeareEKO Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






SBCA Chartered Accountants
17 Moor Park Avenue
Preston
Lancashire
PR1 6AS


30th August 2024

WEAREEKO LTD (REGISTERED NUMBER: 10664217)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 792 1,639

CURRENT ASSETS
Stocks 5 76,082 75,815
Debtors 6 379 435
Cash at bank 163 1,450
76,624 77,700
CREDITORS
Amounts falling due within one year 7 (69,250 ) (66,400 )
NET CURRENT ASSETS 7,374 11,300
TOTAL ASSETS LESS CURRENT LIABILITIES 8,166 12,939

CREDITORS
Amounts falling due after more than
one year

8

(11,465

)

(12,942

)

PROVISIONS FOR LIABILITIES 9 (150 ) (311 )
NET LIABILITIES (3,449 ) (314 )

CAPITAL AND RESERVES
Called up share capital 10 333 333
Retained earnings 11 (3,782 ) (647 )
SHAREHOLDERS' FUNDS (3,449 ) (314 )

WEAREEKO LTD (REGISTERED NUMBER: 10664217)

BALANCE SHEET - continued
31ST MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

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 30th August 2024 and were signed on its behalf by:





L B Wilson - Director


WEAREEKO LTD (REGISTERED NUMBER: 10664217)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

WeareEKO Ltd 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.

Going Concern
The accounts have been prepared on a going concern basis as the Directors have confirmed that they will continue to support the company to enable it to meet its obligations as they fall due. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

WEAREEKO LTD (REGISTERED NUMBER: 10664217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets:
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities:
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities:
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Taxation
Taxation for the year 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 balance sheet date.


WEAREEKO LTD (REGISTERED NUMBER: 10664217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st April 2023
and 31st March 2024 2,681
DEPRECIATION
At 1st April 2023 1,042
Charge for year 847
At 31st March 2024 1,889
NET BOOK VALUE
At 31st March 2024 792
At 31st March 2023 1,639

5. STOCKS
31.3.24 31.3.23
£    £   
Work-in-progress 76,082 75,815

WEAREEKO LTD (REGISTERED NUMBER: 10664217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 333 333
VAT 46 102
379 435

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 1,489 1,500
Trade creditors 64,783 64,225
Other creditors 2,700 -
Accrued expenses 278 675
69,250 66,400

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 1,489 1,500
Bank loans - 2-5 years 9,976 11,442
11,465 12,942

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 150 311

Deferred
tax
£   
Balance at 1st April 2023 311
Provided during year (161 )
Balance at 31st March 2024 150

WEAREEKO LTD (REGISTERED NUMBER: 10664217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
100 Ordinary C £1 100 100
33 Ordinary D £1 33 33
333 333

11. RESERVES
Retained
earnings
£   

At 1st April 2023 (647 )
Deficit for the year (3,135 )
At 31st March 2024 (3,782 )