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REGISTERED NUMBER: 12390465 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

We Drive Solutions Ltd

We Drive Solutions Ltd (Registered number: 12390465)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


We Drive Solutions Ltd (Registered number: 12390465)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,002 11,358

CURRENT ASSETS
Cash at bank and in hand 571,647 80,937

CREDITORS
Amounts falling due within one year 5 576,313 75,109
NET CURRENT (LIABILITIES)/ASSETS (4,666 ) 5,828
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,336

17,186

PROVISIONS FOR LIABILITIES 4,964 2,158
NET ASSETS 9,372 15,028

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9,370 15,026
9,372 15,028

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Drive Solutions Ltd (Registered number: 12390465)

Statement of Financial Position - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by:





Mr C Hyland - Director


We Drive Solutions Ltd (Registered number: 12390465)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

We Drive Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12390465

Registered office: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

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.
Plant and machinery etc - 25% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

We Drive Solutions Ltd (Registered number: 12390465)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 25,406
Additions 18,661
At 31 January 2024 44,067
DEPRECIATION
At 1 February 2023 14,048
Charge for year 11,017
At 31 January 2024 25,065
NET BOOK VALUE
At 31 January 2024 19,002
At 31 January 2023 11,358

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 732 392
Taxation and social security 363,465 74,117
Other creditors 212,116 600
576,313 75,109