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Registered number: 12055674
We Stay Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Elite Accounting Services (Leicester) Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12055674
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 44,983 46,551
Tangible Assets 5 323,191 161,348
368,174 207,899
CURRENT ASSETS
Debtors 6 406,862 335,568
Cash at bank and in hand 44,461 42,891
451,323 378,459
Creditors: Amounts Falling Due Within One Year 7 (735,847 ) (495,333 )
NET CURRENT ASSETS (LIABILITIES) (284,524 ) (116,874 )
TOTAL ASSETS LESS CURRENT LIABILITIES 83,650 91,025
Creditors: Amounts Falling Due After More Than One Year 8 (720,289 ) (788,352 )
NET LIABILITIES (636,639 ) (697,327 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (636,739 ) (697,427 )
SHAREHOLDERS' FUNDS (636,639) (697,327)
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Sophie Jones
Director
29/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
We Stay Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12055674 . The registered office is 1-3 Fowke Street, Rothley, Leicester, LE7 7PJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Straight line - 4 years
Fixtures & Fittings Straight line - 4 years
Computer Equipment Straight line - 3 years
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 6)
7 6
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 46,551
Additions 7,429
As at 31 December 2024 53,980
Amortisation
As at 1 January 2024 -
Provided during the period 8,997
As at 31 December 2024 8,997
Net Book Value
As at 31 December 2024 44,983
As at 1 January 2024 46,551
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Page 4
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 193,961 2,718 6,699 203,378
Additions 110,495 47,657 3,691 161,843
As at 31 December 2024 304,456 50,375 10,390 365,221
Depreciation
As at 1 January 2024 36,714 1,011 4,305 42,030
As at 31 December 2024 36,714 1,011 4,305 42,030
Net Book Value
As at 31 December 2024 267,742 49,364 6,085 323,191
As at 1 January 2024 157,247 1,707 2,394 161,348
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,787 30,895
Prepayments and accrued income 17,640 2,780
Other debtors 13,283 14,694
Corporation tax recoverable assets 3,728 3,728
VAT - 9,858
Director's loan account 198,524 112,713
Amounts owed by group undertakings 160,900 160,900
406,862 335,568
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 81,853 46,310
Bank loans and overdrafts 40,624 38,613
Other taxes and social security 1,178 20,418
VAT 765 -
Net wages 2,702 -
Other creditors 298,345 113,639
Other creditors (1) 237,474 145,565
Other creditors (2) 6,157 -
Accruals and deferred income 8,339 72,378
Amounts owed to group undertakings 58,410 58,410
735,847 495,333
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 232,289 354,310
Other creditors (1) 488,000 434,042
720,289 788,352
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5