Wefix London Limited

Wefix London Limited
Statement of Financial Position
As at 31 January 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	94,242	79,715
Tangible fixed assets	4	1,609,810	865,683
		1,704,052	945,398
Current assets
Debtors		1,672,254	899,300
Cash at bank and in hand		19,535	140,784
		1,691,789	1,040,084
Creditors: amount falling due within one year		(5,599,896)	(2,885,467)
Net current assets		(3,908,107)	(1,845,383)

Total assets less current liabilities		(2,204,055)	(899,985)
Creditors: amount falling due after more than one year		(55,486)	0
Net assets		(2,259,541)	(899,985)

Capital and reserves
Called up share capital	5	100	100
Profit and loss account		(2,259,641)	(900,085)
Shareholders' funds		(2,259,541)	(899,985)

For the year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge 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 income statement 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 board of directors on 31 October 2025 and were signed on its behalf by:

-------------------------------
Ashley Scott MULLINS
Director

Wefix London Limited
Notes to the Abridged Financial Statements
For the year ended 31 January 2025

General Information

Wefix London Limited is a private company, limited by shares, registered in England and Wales, registration number 14625566, registration address 15 Newport Street, London, SE11 6AJ.

The presentation currency is £ sterling.

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.

Going concern basis

Notwithstanding the company's net liability position at the period end, the directors have prepared the accounts on the going concern basis as they expect the company will have access to sufficient funding to enable it to continue to pay its debts as they fall due for the foreseeable future.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the income statement on a straight line basis.

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	4 Straight Line
Fixtures and Fittings	5 Straight Line
Computer Equipment	4 Straight Line
Improvements to property	10 Straight Line

2.	Average number of employees Average number of employees during the year was 4 (2024 : 2).

Intangible fixed assets

Cost	Patents	Total
	£	£
At 01 February 2024	88,572	88,572
Additions	24,650	24,650
Disposals	-	-
At 31 January 2025	113,222	113,222
Amortisation
At 01 February 2024	8,857	8,857
Charge for year	10,123	10,123
On disposals	-	-
At 31 January 2025	18,980	18,980
Net book values
At 31 January 2025	94,242	94,242
At 31 January 2024	79,715	79,715

Tangible fixed assets

Cost or valuation	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Improvements to property	Total
	£	£	£	£	£
At 01 February 2024	305,730	339,832	58,518	356,257	1,060,337
Additions	128,462	112,217	72,998	726,330	1,040,007
Disposals	-	-	-	-	-
At 31 January 2025	434,192	452,049	131,516	1,082,587	2,100,344
Depreciation
At 01 February 2024	76,433	67,966	14,629	35,626	194,654
Charge for year	93,176	80,467	25,619	96,618	295,880
On disposals	-	-	-	-	-
At 31 January 2025	169,609	148,433	40,248	132,244	490,534
Net book values
Closing balance as at 31 January 2025	264,583	303,616	91,268	950,343	1,609,810
Opening balance as at 01 February 2024	229,297	271,866	43,889	320,631	865,683

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
100 Ord shares of £1.00 each	100		100
	100		100

Registered Number: 14625566
England and Wales
WEFIX LONDON LIMITED

Abridged Accounts

Period of accounts Start date: 01 February 2024 End date: 31 January 2025