WE PAY IT LTD

Company Registration Number:
12398175 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

WE PAY IT LTD

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

WE PAY IT LTD

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Current assets
Debtors: 3 6,930 92,780
Cash at bank and in hand: 147,001 121,151
Total current assets: 153,931 213,931
Creditors: amounts falling due within one year: 4 (5,673) (60,673)
Net current assets (liabilities): 148,258 153,258
Total assets less current liabilities: 148,258 153,258
Creditors: amounts falling due after more than one year:   0 0
Total net assets (liabilities): 148,258 153,258
Capital and reserves
Called up share capital: 92,707 92,707
Profit and loss account: 55,551 60,551
Shareholders funds: 148,258 153,258

The notes form part of these financial statements

WE PAY IT LTD

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 February 2025
and signed on behalf of the board by:

Name: Francis Forneh Moiwo
Status: Director

The notes form part of these financial statements

WE PAY IT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

WE PAY IT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

WE PAY IT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

WE PAY IT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Creditors: amounts falling due within one year note

2023 (5,673) 2024 (60,673)

WE PAY IT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Financial commitments

WE PAY IT LTD Notes to the Financial Statements For the year ended 31st January 2025 1 Accounting policies The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. Fixed assets All fixed assets are initially recorded at cost. Depreciation Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, the useful economic life of the asset as follows: Plant and Machinery 25% Straight Line