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WEQUAL GLOBAL LTD

Registered Number
12564670
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

WEQUAL GLOBAL LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

BATEMAN, Mark Andrew
LITCHFIELD, Katie May

Registered Address

Crown House
27 Old Gloucester Street
London
WC1N 3AX

Registered Number

12564670 (England and Wales)
WEQUAL GLOBAL LTD
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets315,44610,778
15,44610,778
Current assets
Debtors4377,044264,300
Cash at bank and on hand128,4114,700
505,455269,000
Creditors amounts falling due within one year5(661,874)(249,555)
Net current assets (liabilities)(156,419)19,445
Total assets less current liabilities(140,973)30,223
Net assets(140,973)30,223
Capital and reserves
Called up share capital(2)(2)
Profit and loss account(140,971)30,225
Shareholders' funds(140,973)30,223
The financial statements were approved and authorised for issue by the Board of Directors on 1 February 2025, and are signed on its behalf by:
BATEMAN, Mark Andrew
Director
Registered Company No. 12564670
WEQUAL GLOBAL LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on Land & buildings over the life of the lease, and for all other tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year1610
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 July 2325,89825,898
Additions12,05612,056
At 30 June 2437,95437,954
Depreciation and impairment
At 01 July 2315,12015,120
Charge for year7,3887,388
At 30 June 2422,50822,508
Net book value
At 30 June 2415,44615,446
At 30 June 2310,77810,778
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables246,41962,459
Amounts owed by associates and joint ventures / participating interests93,205177,281
Other debtors25,32819,357
Prepayments and accrued income12,0925,203
Total377,044264,300
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables140,75053,503
Amounts owed to related parties93,96958,437
Taxation and social security55,06153,338
Other creditors17,4331,305
Accrued liabilities and deferred income354,66182,972
Total661,874249,555
6.Creditors: amounts due after one year
7.Related party transactions
Welcome Insight Ltd: The company is related to WeQual Global Ltd by virtue of common shareholders and Directors. The amount owed to Welcome Insight Ltd at the balance sheet date was £65,305 (2022: £36,605). WeQual UK Ltd: The company is related to WeQual Global Ltd by virtue of common shareholders and Directors. The amount owed to WeQual UK Ltd at the balance sheet date was £28,664 (2022: £21,832).