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REGISTERED NUMBER: NI053936 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

We Sway Limited

We Sway Limited (Registered number: NI053936)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


We Sway Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: V Forde



REGISTERED OFFICE: 92 Hanslough Road
MIDDLETOWN
Co. Armagh
BT60 4HN



REGISTERED NUMBER: NI053936 (Northern Ireland)



ACCOUNTANTS: WHR Accountants Ltd
Chartered Certified Accountants
Statutory Auditors
56 English Street
Armagh
Co. Armagh
BT61 7LG



BANKERS: Ulster Bank Ltd
7 Upper English Street
Armagh
Co. Armagh
BT61 7BT

We Sway Limited (Registered number: NI053936)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,143,903 620,831

CURRENT ASSETS
Debtors 51,939 268,570
Cash at bank 11,970 147,389
63,909 415,959
CREDITORS
Amounts falling due within one year 217,918 17,323
NET CURRENT (LIABILITIES)/ASSETS (154,009 ) 398,636
TOTAL ASSETS LESS CURRENT LIABILITIES 989,894 1,019,467

CREDITORS
Amounts falling due after more than one year 5 (346,771 ) (372,925 )

PROVISIONS FOR LIABILITIES (306 ) (306 )
NET ASSETS 642,817 646,236

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 6 642,816 646,235
SHAREHOLDERS' FUNDS 642,817 646,236

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

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

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:



V Forde - Director


We Sway Limited (Registered number: NI053936)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

We Sway Limited is a private company, limited by shares , registered in Northern Ireland. 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.

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.
Freehold property - not provided
Plant and machinery - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 NIL (2022 - NIL).

We Sway Limited (Registered number: NI053936)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 628,299
Additions 523,583
At 31 December 2023 1,151,882
DEPRECIATION
At 1 January 2023 7,468
Charge for year 511
At 31 December 2023 7,979
NET BOOK VALUE
At 31 December 2023 1,143,903
At 31 December 2022 620,831

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
31.12.23 31.12.22
£    £   
Repayable by instalments
Ulster Bank loan account 71,706 104,201

6. RESERVES
Retained
earnings
£   

At 1 January 2023 646,235
Deficit for the year (2,419 )
Dividends (1,000 )
At 31 December 2023 642,816