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REGISTERED NUMBER: 04248396 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31st July 2024

for

We Research It Ltd

We Research It Ltd (Registered number: 04248396)






Contents of the Financial Statements
for the Year Ended 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


We Research It Ltd

Company Information
for the Year Ended 31st July 2024







DIRECTORS: Dr H E Kara
N A Holmes





SECRETARY: Dr H E Kara





REGISTERED OFFICE: 14a Market Place
Uttoxeter
Staffordshire
ST14 8HP





REGISTERED NUMBER: 04248396 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP

We Research It Ltd (Registered number: 04248396)

Balance Sheet
31st July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 650 865
650 865

CURRENT ASSETS
Debtors 6 17,016 11,876
Cash at bank and in hand 28,830 36,309
45,846 48,185
CREDITORS
Amounts falling due within one year 7 6,983 6,231
NET CURRENT ASSETS 38,863 41,954
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,513

42,819

PROVISIONS FOR LIABILITIES 115 153
NET ASSETS 39,398 42,666

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 39,298 42,566
SHAREHOLDERS' FUNDS 39,398 42,666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

We Research It Ltd (Registered number: 04248396)

Balance Sheet - continued
31st July 2024


The 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st March 2025 and were signed on its behalf by:





Dr H E Kara - Director


We Research It Ltd (Registered number: 04248396)

Notes to the Financial Statements
for the Year Ended 31st July 2024

1. STATUTORY INFORMATION

We Research It Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the value of sales ( excluding VAT, similar taxes and trade discounts) of goods and services provided in the normal course of business. Revenue is recognised when goods are delivered and hence is the point at which risk and rewards of ownership pass to the buyer. Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for services provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, has been fully written off.

Intangible 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.
Improvements to property - 10% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year 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.


We Research It Ltd (Registered number: 04248396)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

2. ACCOUNTING POLICIES - continued
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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st August 2023
and 31st July 2024 7,500
AMORTISATION
At 1st August 2023
and 31st July 2024 7,500
NET BOOK VALUE
At 31st July 2024 -
At 31st July 2023 -

We Research It Ltd (Registered number: 04248396)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1st August 2023
and 31st July 2024 4,102 5,459 10,124 19,685
DEPRECIATION
At 1st August 2023 4,101 4,602 10,117 18,820
Charge for year - 214 1 215
At 31st July 2024 4,101 4,816 10,118 19,035
NET BOOK VALUE
At 31st July 2024 1 643 6 650
At 31st July 2023 1 857 7 865

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,016 9,876
Other debtors - 2,000
17,016 11,876

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14 288
Taxation and social security 5,371 4,675
Other creditors 1,598 1,268
6,983 6,231