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REGISTERED NUMBER: 07280900 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

WE ARE TILT LIMITED

WE ARE TILT LIMITED (REGISTERED NUMBER: 07280900)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WE ARE TILT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: J J Malyon
P D Evans
C B Cooke
P Mallaghan





REGISTERED OFFICE: Unit 1
41 New England Street
Brighton
BN1 4GQ





REGISTERED NUMBER: 07280900 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

WE ARE TILT LIMITED (REGISTERED NUMBER: 07280900)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 118,120 106,289
Investments 5 101,924 94,747
220,044 201,036

CURRENT ASSETS
Stocks 136,655 -
Debtors 6 975,076 1,088,746
Cash at bank and in hand 1,869,934 1,498,583
2,981,665 2,587,329
CREDITORS
Amounts falling due within one year 7 (298,752 ) (156,503 )
NET CURRENT ASSETS 2,682,913 2,430,826
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,902,957

2,631,862

PROVISIONS FOR LIABILITIES 8 (29,530 ) (20,195 )

ACCRUALS AND DEFERRED INCOME (1,416,292 ) (958,845 )
NET ASSETS 1,457,135 1,652,822

CAPITAL AND RESERVES
Called up share capital 9 4
Share premium 54,894 54,894
Retained earnings 1,402,232 1,597,924
SHAREHOLDERS' FUNDS 1,457,135 1,652,822

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 TILT LIMITED (REGISTERED NUMBER: 07280900)

BALANCE SHEET - continued
30 JUNE 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 17 January 2025 and were signed on its behalf by:




C B Cooke - Director



P D Evans - Director


WE ARE TILT LIMITED (REGISTERED NUMBER: 07280900)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

We Are Tilt 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the net amounts charged to customers in respect of goods and services provided during the accounting period excluding value added tax.

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 reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2023 - 37 ) .

WE ARE TILT LIMITED (REGISTERED NUMBER: 07280900)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 332,041
Additions 46,733
At 30 June 2024 378,774
DEPRECIATION
At 1 July 2023 225,752
Charge for year 34,902
At 30 June 2024 260,654
NET BOOK VALUE
At 30 June 2024 118,120
At 30 June 2023 106,289

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 July 2023 94,747
Revaluations 7,177
At 30 June 2024 101,924
NET BOOK VALUE
At 30 June 2024 101,924
At 30 June 2023 94,747

Cost or valuation at 30 June 2024 is represented by:

Other
investments
£   
Valuation in 2022 (11,191 )
Valuation in 2023 5,938
Valuation in 2024 7,177
Cost 100,000
101,924

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 100,000 100,000

WE ARE TILT LIMITED (REGISTERED NUMBER: 07280900)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 937,576 1,025,770
Other debtors 37,500 62,976
975,076 1,088,746

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 69,380 41,858
Taxation and social security 188,417 67,635
Other creditors 40,955 47,010
298,752 156,503

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 29,530 20,195

Deferred
tax
£   
Balance at 1 July 2023 20,195
Capital allowances in advance 9,335
of depreciation
Balance at 30 June 2024 29,530

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
P D Evans
Balance outstanding at start of year 10,000 9,952
Amounts advanced - 48
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,000 10,000

10. RELATED PARTY DISCLOSURES

During the year the company rented property from MCE Investments Ltd at a cost of £84,000 (2023: £84,000), a company in which CB Cooke, JJ Malyon & PD Evans are also directors and controlling shareholders. As at the year end an amount of £nil (2023: nil) was outstanding.