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Registered Number: 12012171
England and Wales

 

 

 

WEQU LTD


Abridged Accounts
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 30,274    36,919 
30,274    36,919 
Current assets      
Debtors 11,149    14,826 
Cash at bank and in hand 221    483 
11,370    15,309 
Creditors: amount falling due within one year (2,500)   (2,673)
Net current assets 8,870    12,636 
 
Total assets less current liabilities 39,144    49,555 
Creditors: amount falling due after more than one year (34,664)   (45,425)
Net assets 4,480    4,130 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 4,479    4,129 
Shareholders' funds 4,480    4,130 
 


For the year ended 31 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:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 13 February 2025 and were signed by:


-------------------------------
Nasim Sadegi
Director
1
General Information
WEQU LTD is a private company, limited by shares, registered in England and Wales, registration number 12012171, registration address Ground Floor, 143-145 Broadway, West Ealing, W13 9BE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 18% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Total
  £   £
At 01 June 2023 70,907    70,907 
Additions  
Disposals  
At 31 May 2024 70,907    70,907 
Depreciation
At 01 June 2023 33,988    33,988 
Charge for year 6,645    6,645 
On disposals  
At 31 May 2024 40,633    40,633 
Net book values
Closing balance as at 31 May 2024 30,274    30,274 
Opening balance as at 01 June 2023 36,919    36,919 


2