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COMPANY REGISTRATION NUMBER: 11933148
WE ARE A COMPANY LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
24 May 2024
WE ARE A COMPANY LTD
STATEMENT OF FINANCIAL POSITION
24 May 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
36,741
38,841
Current assets
Stocks
5,013
5,168
Debtors
6
1,150
1,433
Cash at bank and in hand
1,828
3,741
-------
---------
7,991
10,342
Creditors: amounts falling due within one year
7
40,031
53,115
---------
---------
Net current liabilities
32,040
42,773
---------
---------
Total assets less current liabilities
4,701
( 3,932)
Creditors: amounts falling due after more than one year
8
23,261
32,166
---------
---------
Net liabilities
( 18,560)
( 36,098)
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 18,660)
( 36,198)
---------
---------
Shareholders deficit
( 18,560)
( 36,098)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 24 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
WE ARE A COMPANY LTD
STATEMENT OF FINANCIAL POSITION (continued)
24 May 2024
These financial statements were approved by the board of directors and authorised for issue on 12 February 2025 , and are signed on behalf of the board by:
Mr J D Rutter
Director
Company registration number: 11933148
WE ARE A COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 24 MAY 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 298 Ditchling Road, Brighton, BN1 7JE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
Over lease term (15 years)
Equipment
-
25 % straight line
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2023: 7 ).
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 25 May 2023
42,562
462
43,024
Additions
749
207
956
---------
----
---------
At 24 May 2024
43,311
669
43,980
---------
----
---------
Depreciation
At 25 May 2023
4,068
115
4,183
Charge for the year
2,888
168
3,056
---------
----
---------
At 24 May 2024
6,956
283
7,239
---------
----
---------
Carrying amount
At 24 May 2024
36,355
386
36,741
---------
----
---------
At 24 May 2023
38,494
347
38,841
---------
----
---------
6. Debtors
2024
2023
£
£
Other debtors
1,150
1,433
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
9,370
9,370
Trade creditors
598
Amounts owed to group undertakings and undertakings in which the company has a participating interest
3,999
4,000
Social security and other taxes
15,166
12,017
Coast Beer & Co Ltd
10,350
Other creditors
11,496
16,780
---------
---------
40,031
53,115
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
23,261
32,166
---------
---------