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REGISTERED NUMBER: 09846538 (England and Wales)












WEREPAIR.MOBI LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






WEREPAIR.MOBI LTD (REGISTERED NUMBER: 09846538)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WEREPAIR.MOBI LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mr C Holt





REGISTERED OFFICE: Unit 11a Market Street
Cannock Shopping Centre
Cannock
Staffordshire
WS11 1WS





REGISTERED NUMBER: 09846538 (England and Wales)





ACCOUNTANTS: Wallace Crooke Walsall Limited
Chartered Accountants
Wallace House
20 Birmingham Road
Walsall
West Midlands
WS1 2LT

WEREPAIR.MOBI LTD (REGISTERED NUMBER: 09846538)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,085 87,878

CURRENT ASSETS
Stocks 56,412 49,887
Debtors 5 58,177 29,082
Cash at bank and in hand 12,076 27,316
126,665 106,285
CREDITORS
Amounts falling due within one year 6 125,560 93,897
NET CURRENT ASSETS 1,105 12,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,190

100,266

CREDITORS
Amounts falling due after more than one
year

7

(74,788

)

(94,196

)

PROVISIONS FOR LIABILITIES 10 (5,320 ) (5,320 )
NET ASSETS 12,082 750

CAPITAL AND RESERVES
Called up share capital 11 10 10
Retained earnings 12,072 740
SHAREHOLDERS' FUNDS 12,082 750

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

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

The director acknowledges his 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.

WEREPAIR.MOBI LTD (REGISTERED NUMBER: 09846538)

BALANCE SHEET - continued
31 OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 July 2025 and were signed by:





Mr C Holt - Director


WEREPAIR.MOBI LTD (REGISTERED NUMBER: 09846538)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Werepair.mobi 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.

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.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

WEREPAIR.MOBI LTD (REGISTERED NUMBER: 09846538)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued

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.

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 11 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 165 50,436 75,361 1,666 127,628
Additions 2,975 - 13,950 2,357 19,282
At 31 October 2024 3,140 50,436 89,311 4,023 146,910
DEPRECIATION
At 1 November 2023 46 27,757 11,304 643 39,750
Charge for year 465 3,402 11,701 507 16,075
At 31 October 2024 511 31,159 23,005 1,150 55,825
NET BOOK VALUE
At 31 October 2024 2,629 19,277 66,306 2,873 91,085
At 31 October 2023 119 22,679 64,057 1,023 87,878

WEREPAIR.MOBI LTD (REGISTERED NUMBER: 09846538)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023
and 31 October 2024 75,361
DEPRECIATION
At 1 November 2023 11,304
Charge for year 9,608
At 31 October 2024 20,912
NET BOOK VALUE
At 31 October 2024 54,449
At 31 October 2023 64,057

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,140 3,141
Other debtors 32,037 25,941
58,177 29,082

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,893 3,198
Hire purchase contracts (see note 8) 8,043 8,043
Trade creditors 6,356 3,155
Taxation and social security 94,493 72,617
Other creditors 6,775 6,884
125,560 93,897

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 24,853 36,218
Hire purchase contracts (see note 8) 49,935 57,978
74,788 94,196

WEREPAIR.MOBI LTD (REGISTERED NUMBER: 09846538)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 8,043 8,043
Between one and five years 49,935 57,978
57,978 66,021

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 57,978 66,021

Hire purchase agreements are secured upon the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,320 5,320

Deferred
tax
£   
Balance at 1 November 2023 5,320
Balance at 31 October 2024 5,320

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary £1 10 10

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director received advances totalling £58,164 (2023: £67,465) and made repayments totalling £52,378 (2023: £72,096). At the 31 October 2024 the director owed the company £27,223 (2023: £21,437). These were provided at an interest rate of 2.25% (2023: 2%).