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REGISTERED NUMBER: 10420375 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

WE ARE YOUR IT LIMITED

WE ARE YOUR IT LIMITED (REGISTERED NUMBER: 10420375)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WE ARE YOUR IT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: J J Granville-Fall





REGISTERED OFFICE: The Mansion House
Wrest Park
Silsoe
Bedford
Bedfordshire
MK45 4HR





REGISTERED NUMBER: 10420375 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

WE ARE YOUR IT LIMITED (REGISTERED NUMBER: 10420375)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 161,246 -
Investments 5 186,982 292,050
348,228 292,050

CURRENT ASSETS
Debtors 6 589,028 634,399
Cash at bank 168,488 232,175
757,516 866,574
CREDITORS
Amounts falling due within one year 7 371,802 363,750
NET CURRENT ASSETS 385,714 502,824
TOTAL ASSETS LESS CURRENT LIABILITIES 733,942 794,874

CREDITORS
Amounts falling due after more than
one year

8

262,060

182,456
NET ASSETS 471,882 612,418

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 466,882 607,418
471,882 612,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 YOUR IT LIMITED (REGISTERED NUMBER: 10420375)

BALANCE SHEET - continued
30 APRIL 2023


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 director and authorised for issue on 3 October 2024 and were signed by:





J J Granville-Fall - Director


WE ARE YOUR IT LIMITED (REGISTERED NUMBER: 10420375)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

We Are Your IT 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.

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.

These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

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.

Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 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.

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.

WE ARE YOUR IT LIMITED (REGISTERED NUMBER: 10420375)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown with borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 179,995
At 30 April 2023 179,995
DEPRECIATION
Charge for year 18,749
At 30 April 2023 18,749
NET BOOK VALUE
At 30 April 2023 161,246

5. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Shares in group undertakings 200 200
Loans to group undertakings 186,782 291,850
186,982 292,050

WE ARE YOUR IT LIMITED (REGISTERED NUMBER: 10420375)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 May 2022
and 30 April 2023 200
NET BOOK VALUE
At 30 April 2023 200
At 30 April 2022 200

The company's investments at the Balance Sheet date in the share capital of companies include the following:

WIFI 4 Leisure Limited
Registered office: Equinox House, Clifton Park Avenue, York, England, YO30 5PA
Nature of business: WIFI installation and support
%
Class of shares: holding
Ordinary 100.00
30.4.23 30.4.22
£    £   
Aggregate capital and reserves (199,733 ) (136,180 )
Loss for the year (63,553 ) (9,537 )

KPW Enterprises Limited
Registered office: Equinox House, Clifton Park Avenue, York, England, YO30 5PA
Nature of business: Investment in ventures
%
Class of shares: holding
Ordinary 100.00
2023 2022
£    £   
Aggregate capital and reserves 47,206 39,428
Profit for the year 7,778 12,467
Loans to
group
undertakings
£   
At 1 May 2022 291,850
New in year (105,068 )
At 30 April 2023 186,782

WE ARE YOUR IT LIMITED (REGISTERED NUMBER: 10420375)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


5. FIXED ASSET INVESTMENTS - continued

KPW Enterprises Ltd. is a wholly owned subsidiary of We Are Your IT Limited. The investment in share capital is listed at cost.

WIFI 4 Leisure Ltd. is a wholly owned subsidiary of We Are Your IT Limited. The investment in share capital is listed at cost.

A loan of £46,772 (2022: £110,450), which is repayable on demand, has been made to KPW Enterprises Ltd for the purpose of investment.

A loan of £140,011 (2022: £181,400), which is repayable on demand, has been made to WIFI 4 Leisure Ltd.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 269,120 335,907
Other debtors 319,908 298,492
589,028 634,399

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 80,430 92,355
Hire purchase contracts 17,222 -
Trade creditors 89,270 92,259
Taxation and social security 37,901 30,345
Other creditors 146,979 148,791
371,802 363,750

On 30 May 2020, a debenture was created in favour of Barclays Security Trustee Limited by way of a fixed and floating charge over the assets of the company.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 123,027 182,456
Hire purchase contracts 139,033 -
262,060 182,456

WE ARE YOUR IT LIMITED (REGISTERED NUMBER: 10420375)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


9. RELATED PARTY DISCLOSURES

During the year £25,920 (2022: £21,600) was invoiced from KPW Leasing Ltd for leasing of commercial assets. KPW Leasing Ltd is related to the company via the director and shareholder, Mr J Granville-Fall by way of a close family member.

During the year the company was invoiced £15,600 (2022: £24,100) from IT 4 Home Limited for
recharge of labour costs.

During the year Rent of £3,450 (2022: £3,450), Telecommunications of £267 (2022: £267), Office
administration of £3,450 (2022: £3,450) and Motor running costs of £1,080 (2022: £1,080) were recharged to IT 4 Home Limited for use of these services. As at 30 April 2022, included in 'Creditors due within one year' is a balance of £15,195 (2022: £18,720) due to IT 4 Home Limited.

IT 4 Home Limited is related to We Are Your IT Limited by the director and shareholder Mr J Granville-Fall.

During the year Rent of £3,450 (2022: £3,450), Telecommunications of £267 (2022: £267), Office administration of £3,450 (2022: £3,450) and Motor running costs of £930 (2022: £nil) were recharged to WIFI 4 Leisure Limited for use of these services.

During the year £15,000 (2022: £nil) was invoiced from JGF Holdings Limited for advertising. We Are Your IT Limited is a subsidiary of JGF Holding Limited.

Included in 'Other creditors' as at 30 April 2023 is £194 due to the director of the company from the company. (Included in 'Other debtors' as at 30 April 2022 is £591 due from the director to the company.)