Registered number: 08342369

Wearcomp Ltd
Unaudited Financial Statements
for the year ended 31 December 2024

Statement of Financial Position

as at 31 December 2024

  2024
2023
   
££
 
££
Called up share capital not paid  
  -  
 
  -  
Fixed assets  
  417  
 
  889  
Current assets  
10,485    
 
10,623    
Prepayments and accrued income  
-    
 
-    
Creditors: amounts falling due within one year  
( 8,303 )  
 
( 11,501 )  
Net current assets (liabilities)  
  2,182  
 
  ( 878 )
Total assets less current liabilities  
  2,599  
 
  11  
Creditors: amounts falling due after more than one year  
  -  
 
  -  
Provisions for liabilities  
  -  
 
  -  
Accruals and deferred income  
  -  
 
  -  
Net assets  
  2,599  
 
  11  
   
Capital and reserves  
  2,599  
 
  11  

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Footnotes to the Statement of Financial Position

Dennis Kim Julia Jisun Yoon

1. Arrangements not included in Statement of Financial Position

The company has not entered into any arrangements not shown on the Statement of Financial Position.

2. Average number of employees

The average number of employees in the period was 2.

3. Directors’ benefits: advances, credit and guarantees

Dennis Kim

Included in debtors is an amount payable to the company by one of its directors. The amount is an advance of £5,613 made to Dennis Kim, a director of the company, on 01/01/2024.

During the accounting year the maximum amount payable by Dennis Kim was £6,168

The following conditions are attached to the amount payable by Dennis Kim:

  • There is no interest due to be paid on any outstanding amount
  • No fixed date has been set for the amount to be repaid to the company.
Opening balance 01/01/2024 Additional advance Amount repaid Amount written off Amounts waived Interest payable Closing balance 31/12/2024
£ £ £ £ £ £ £
( 2,289 ) ( 21,259 )
( 21,259 )
17,935
17,935  
0 0 0 ( 5,613 )

Julia Jisun Yoon

Included in debtors is an amount payable to the company by one of its directors. The amount is an advance of £2,087 made to Julia Jisun Yoon, a director of the company, on 01/01/2024.

During the accounting year the maximum amount payable by Julia Jisun Yoon was £5,482

The following conditions are attached to the amount payable by Julia Jisun Yoon:

  • There is no interest due to be paid on any outstanding amount
  • No fixed date has been set for the amount to be repaid to the company.
Opening balance 01/01/2024 Additional advance Amount repaid Amount written off Amounts waived Interest payable Closing balance 31/12/2024
£ £ £ £ £ £ £
( 2,283 ) ( 25,018 )
( 25,018 )
25,214
25,214  
0 0 0 ( 2,087 )

4. Guarantees, contingencies and other financial commitments

There are no guarantees, contingencies or other commitments not included in the financial statements.

Statutory Statements

In accordance with section 414(3) of the Companies Act 2006, these accounts have been prepared in accordance with the FRS 105: The Financial Reporting Standard applicable to the Micro-entities Regime for periods commencing on or after 1 January 2016. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

For the year ending 31/12/2024 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 directors acknowledge their responsibilities for complying with the requirements of Companies Act 2006 with respect to accounting records and the preparation of accounts

Company information

a) The company is registered in England and Wales

b) Company registration number - 08342369

c) The company is a private company and is limited by shares

d) The company's registered office address is W8a Knoll Business Centre 325-327 Old Shoreham Road, Hove, BN3 7GS, United Kingdom



Approved by the board of directors and signed on behalf of the board,

Wearcomp Ltd
Director Dennis Kim
Date of approval: 18/06/2025
The company was trading for the entire period 2024-01-01 2024-12-31 2024-12-31 Technical Translation and Voice Recording for Software and Instruction Booklets and inventing 2025-06-18 2025-06-18