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REGISTERED NUMBER: 10436920 (England and Wales)









WE ARE EASE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






WE ARE EASE LIMITED (REGISTERED NUMBER: 10436920)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


WE ARE EASE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A J Cook
D P Hollyman





REGISTERED OFFICE: C/O Mark Holt & Co Ltd
7 Sandy Court
Ashleigh Way, Langage Business Park
PLYMOUTH
Devon
PL7 5JX





REGISTERED NUMBER: 10436920 (England and Wales)





ACCOUNTANTS: Mark Holt & Co Limited
Chartered Accountants
7 Sandy Court
Ashleigh Way
Langage Business Park
Plymouth
Devon
PL7 5JX

WE ARE EASE LIMITED (REGISTERED NUMBER: 10436920)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 293,333 373,333
Tangible assets 6 211,681 208,342
505,014 581,675

CURRENT ASSETS
Debtors 745,049 466,625
Cash at bank 296,210 200,921
1,041,259 667,546
CREDITORS
Amounts falling due within one year 479,947 305,956
NET CURRENT ASSETS 561,312 361,590
TOTAL ASSETS LESS CURRENT LIABILITIES 1,066,326 943,265

CREDITORS
Amounts falling due after more than one year 7 (109,351 ) (164,905 )

PROVISIONS FOR LIABILITIES (6,500 ) (5,700 )
NET ASSETS 950,475 772,660

CAPITAL AND RESERVES
Called up share capital 106 106
Retained earnings 950,369 772,554
950,475 772,660

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

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

WE ARE EASE LIMITED (REGISTERED NUMBER: 10436920)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


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 Balance Sheet for the year ended 31 March 2024 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 Board of Directors and authorised for issue on 3 July 2024 and were signed on its behalf by:





D P Hollyman - Director


WE ARE EASE LIMITED (REGISTERED NUMBER: 10436920)

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

1. STATUTORY INFORMATION

We Are Ease 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and the rendering of services.

Goodwill
Intellectual Property, being the amount in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of 5 years.

Tangible fixed assets

Asset CategoryDepreciation policy
Plant & Machinery25%ReducingBalance
Fixtures & Fittings25%ReducingBalance
Computer Equipment25%ReducingBalance

No depreciation is provided on Freehold property as it is the company's policy to maintain the property from which it trades in good condition which prolongs its useful life, and any resulting depreciation would not be material.

Due to this policy the improvements to property maintain residual disposal values in the aggregate at least equal to their book values. Any permanent diminution in value is charged to the profit and loss account as appropriate. Costs of repair and maintenance are charged against revenue in the year in which they are incurred.

Debtors
Short term debtors are measured at transaction price, less any impairment.

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.

Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

The tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the transaction that resulted in the tax expense (income).

WE ARE EASE LIMITED (REGISTERED NUMBER: 10436920)

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

3. ACCOUNTING POLICIES - continued

Provisions for liabilities
Provisions are recognised when the Company has a present (legal or constructive) obligation as a result of a past event; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

The amount recognised as a provision is the best estimate of the consideration required to settle the present recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance costs in profit or loss in the period it arises.

The Company recognises a provision for annual leave accrued by employees for services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months, measured at the salary costs payable for the period of absence.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 26 ) .

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 400,000
AMORTISATION
At 1 April 2023 26,667
Amortisation for year 80,000
At 31 March 2024 106,667
NET BOOK VALUE

At 31 March 2024 293,333
At 31 March 2023 373,333

WE ARE EASE LIMITED (REGISTERED NUMBER: 10436920)

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

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 225,437
Additions 11,763
Disposals (7,377 )
At 31 March 2024 229,823
DEPRECIATION
At 1 April 2023 17,095
Charge for year 6,748
Eliminated on disposal (5,701 )
At 31 March 2024 18,142
NET BOOK VALUE
At 31 March 2024 211,681
At 31 March 2023 208,342

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal - 5,380

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 167,485 225,620

The bank loan with an outstanding balance of £69,001 (2023: £81,681) at the year end is secured by the freehold property within the accounts with a value of £185,000 at the year end. There is also a personal guarantee on this loan of £131,640 by the directors.