WE ARE CARRIED LTD

Company Registration Number:
11107338 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

WE ARE CARRIED LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Additional notes
Balance sheet notes

WE ARE CARRIED LTD

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 1,840 2,300
Total fixed assets: 1,840 2,300
Current assets
Stocks: 4 18,000 26,000
Cash at bank and in hand: 2,900 1,502
Total current assets: 20,900 27,502
Creditors: amounts falling due within one year: 5 ( 18,572 ) ( 31,135 )
Net current assets (liabilities): 2,328 (3,633)
Total assets less current liabilities: 4,168 ( 1,333)
Creditors: amounts falling due after more than one year: 6 ( 10,207 ) ( 11,957 )
Total net assets (liabilities): (6,039) (13,290)
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (6,041 ) (13,292 )
Total Shareholders' funds: ( 6,039 ) (13,290)

The notes form part of these financial statements

WE ARE CARRIED LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 25 September 2024
and signed on behalf of the board by:

Name: R. Barlow
Status: Director

The notes form part of these financial statements

WE ARE CARRIED LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable.

    Intangible fixed assets amortisation policy

    Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

    Other accounting policies

    Stocks - Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. Creditors - Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. 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.

WE ARE CARRIED LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 2

WE ARE CARRIED LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2023 4,600 4,600
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 4,600 4,600
Amortisation
At 1 January 2023 2,300 2,300
Charge for year 460 460
On disposals
Other adjustments
At 31 December 2023 2,760 2,760
Net book value
At 31 December 2023 1,840 1,840
At 31 December 2022 2,300 2,300

Goodwill purchased from R. Barlow's sole trader business. This is being amortised over its useful life of 10 years.

WE ARE CARRIED LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Stocks

2023 2022
£ £
Stocks 18,000 26,000
Total 18,000 26,000

WE ARE CARRIED LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 1,896 1,750
Accruals and deferred income 500 500
Other creditors 16,176 28,885
Total 18,572 31,135

WE ARE CARRIED LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 10,207 11,957
Total 10,207 11,957