1 October 2023 false No description of principal activity Taxfiler 2024.6 08677581business:PrivateLimitedCompanyLtd2023-10-012024-09-30 086775812023-09-30 086775812023-10-012024-09-30 08677581business:AuditExempt-NoAccountantsReport2023-10-012024-09-30 08677581business:FilletedAccounts2023-10-012024-09-30 086775812024-09-30 08677581business:Director12023-10-012024-09-30 08677581business:RegisteredOffice2023-10-012024-09-30 086775812023-09-30 08677581core:WithinOneYear2024-09-30 08677581core:WithinOneYear2023-09-30 08677581core:AfterOneYear2024-09-30 08677581core:AfterOneYear2023-09-30 08677581core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 08677581core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 08677581core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 08677581core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 08677581core:PreviouslyStatedAmount2024-09-30 08677581core:PreviouslyStatedAmount2023-09-30 08677581business:SmallEntities2023-10-012024-09-30 08677581countries:EnglandWales2023-10-012024-09-30 08677581core:Goodwill2023-09-30 08677581core:IntangibleAssetsOtherThanGoodwill2023-09-30 08677581core:Goodwill2023-10-012024-09-30 08677581core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-30 08677581core:Goodwill2024-09-30 08677581core:IntangibleAssetsOtherThanGoodwill2024-09-30 08677581core:LandBuildings2023-09-30 08677581core:MotorVehicles2023-09-30 08677581core:FurnitureFittings2023-09-30 08677581core:ComputerEquipment2023-09-30 08677581core:LandBuildings2023-10-012024-09-30 08677581core:MotorVehicles2023-10-012024-09-30 08677581core:FurnitureFittings2023-10-012024-09-30 08677581core:ComputerEquipment2023-10-012024-09-30 08677581core:LandBuildings2024-09-30 08677581core:MotorVehicles2024-09-30 08677581core:FurnitureFittings2024-09-30 08677581core:ComputerEquipment2024-09-30 086775812022-10-012023-09-30 iso4217:GBP xbrli:pure
Company Registration No. 08677581 (England and Wales)
We Know Group Limited Unaudited accounts for the year ended 30 September 2024
We Know Group Limited Unaudited accounts Contents
Page
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We Know Group Limited Company Information for the year ended 30 September 2024
Director
Mr Peter Buchanan
Company Number
08677581 (England and Wales)
Registered Office
RU0019 Arrival Concourse, Terminal 5 London Heathrow Airport Hounslow TW6 2GA England
Accountants
EPIC Administration Limited Audrey House 16-20 Ely Place London EC1N 6SN
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We Know Group Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
176,657 
133,441 
Tangible assets
1,765,290 
1,053,078 
1,941,947 
1,186,519 
Current assets
Inventories
43,375 
36,349 
Debtors
2,113,206 
862,123 
Cash at bank and in hand
390,579 
1,523,849 
2,547,160 
2,422,321 
Creditors: amounts falling due within one year
(4,326,311)
(3,059,264)
Net current liabilities
(1,779,151)
(636,943)
Total assets less current liabilities
162,796 
549,576 
Creditors: amounts falling due after more than one year
(2,911,147)
(3,560,420)
Net liabilities
(2,748,351)
(3,010,844)
Capital and reserves
Called up share capital
4,239,168 
4,239,168 
Profit and loss account
(6,987,519)
(7,250,012)
Shareholders' funds
(2,748,351)
(3,010,844)
For the year ending 30 September 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 February 2025 and were signed on its behalf by
Mr Peter Buchanan Director Company Registration No. 08677581
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We Know Group Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
We Know Group Limited is a private company, limited by shares, registered in England and Wales, registration number 08677581. The registered office is RU0019 Arrival Concourse, Terminal 5, London Heathrow Airport, Hounslow, TW6 2GA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
These financial statements have been prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard aoplicable in the UK and Republic of Ireland" including the provisions of Section 1 A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of six years.
Intangible fixed assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter. Improvements to property - 33% on cost Fixtures and fittings - 25% on cost Motor vehicles - 25% on cost Computer equipment - 33% on cost
Stock
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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We Know Group Limited Notes to the Accounts for the year ended 30 September 2024
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 October 2023
1,210,004 
311,905 
1,521,909 
Additions
- 
130,935 
130,935 
At 30 September 2024
1,210,004 
442,840 
1,652,844 
Amortisation
At 1 October 2023
1,210,004 
178,464 
1,388,468 
Charge for the year
- 
87,719 
87,719 
At 30 September 2024
1,210,004 
266,183 
1,476,187 
Net book value
At 30 September 2024
- 
176,657 
176,657 
At 30 September 2023
- 
133,441 
133,441 
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We Know Group Limited Notes to the Accounts for the year ended 30 September 2024
5
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 October 2023
3,665 
1,910,230 
157,616 
542,811 
2,614,322 
Additions
- 
985,656 
28,242 
353,527 
1,367,425 
Disposals
- 
(467,695)
(4,818)
- 
(472,513)
At 30 September 2024
3,665 
2,428,191 
181,040 
896,338 
3,509,234 
Depreciation
At 1 October 2023
3,665 
1,078,057 
50,569 
428,953 
1,561,244 
Charge for the year
- 
411,170 
39,044 
150,411 
600,625 
On disposals
- 
(417,524)
(401)
- 
(417,925)
At 30 September 2024
3,665 
1,071,703 
89,212 
579,364 
1,743,944 
Net book value
At 30 September 2024
- 
1,356,488 
91,828 
316,974 
1,765,290 
At 30 September 2023
- 
832,173 
107,047 
113,858 
1,053,078 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
801,657 
158,294 
Accrued income and prepayments
1,279,326 
676,606 
Other debtors
30,423 
25,423 
2,111,406 
860,323 
Amounts falling due after more than one year
Other debtors
1,800 
1,800 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
503,258 
457,988 
Trade creditors
1,967,054 
1,421,501 
Taxes and social security
126,900 
148,363 
Other creditors
38,432 
32,631 
Accruals
1,620,744 
928,858 
Deferred income
69,923 
69,923 
4,326,311 
3,059,264 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
23,472 
33,479 
Obligations under finance leases and hire purchase contracts
302,015 
589,141 
Other creditors
2,585,660 
2,937,800 
2,911,147 
3,560,420 
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We Know Group Limited Notes to the Accounts for the year ended 30 September 2024
9
Average number of employees
During the year the average number of employees was 25 (2023: 27).
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