Company Registration No. 12584039 (England and Wales)
Wedocrm Ltd
Unaudited accounts
for the year ended 31 May 2025
Wedocrm Ltd
Unaudited accounts
Contents
Wedocrm Ltd
Company Information
for the year ended 31 May 2025
Directors
Emilie Claire Harvey
Matthew Clifford Watson
Company Number
12584039 (England and Wales)
Registered Office
86-90 Paul Street
London
London
EC2A 4NE
England
Wedocrm Ltd
Statement of financial position
as at 31 May 2025
Tangible assets
6,277
5,155
Cash at bank and in hand
350,652
230,255
Creditors: amounts falling due within one year
(387,938)
(309,294)
Net current assets/(liabilities)
35,089
(4,951)
Called up share capital
100
2
Capital redemption reserve
2
-
Profit and loss account
41,264
202
Shareholders' funds
41,366
204
For the year ending 31 May 2025 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 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 of Directors and authorised for issue on 10 August 2025 and were signed on its behalf by
Emilie Claire Harvey
Director
Company Registration No. 12584039
Wedocrm Ltd
Notes to the Accounts
for the year ended 31 May 2025
Wedocrm Ltd is a private company, limited by shares, registered in England and Wales, registration number 12584039. The registered office is 86-90 Paul Street, London, London, EC2A 4NE, 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.
These financial statements for the year ended 31 May 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%, straight line
Computer equipment
25% straight line
Short term debtors are measured at transaction price, less any impairment. Loans receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Wedocrm Ltd
Notes to the Accounts
for the year ended 31 May 2025
During the year, the company repurchased and cancelled 2 ordinary shares of £1 each. These shares were originally issued to the directors and were fully paid.
The company subsequently issued 100 ordinary shares of £1 each at par, allotted to two corporate shareholders. These new shares are fully paid and carry the same rights as the existing ordinary shares.
Capital Redemption Reserve
During the year, the company repurchased and cancelled 2 ordinary shares of £1 each, previously held by directors.
An equivalent amount of £2 has been transferred from retained earnings to the capital redemption reserve in accordance with the requirements of the Companies Act 2006.
The capital redemption reserve is non-distributable.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2024
1,814
9,396
11,210
At 31 May 2025
1,814
13,598
15,412
At 1 June 2024
1,210
4,845
6,055
Charge for the year
453
2,627
3,080
At 31 May 2025
1,663
7,472
9,135
At 31 May 2025
151
6,126
6,277
At 31 May 2024
604
4,551
5,155
Amounts falling due within one year
Trade debtors
57,172
19,607
Amounts falling due after more than one year
Other debtors
14,453
34,092
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
236,311
243,820
Taxes and social security
114,153
44,404
Other creditors
14,148
15,383
Loans from directors
(41,536)
-
Wedocrm Ltd
Notes to the Accounts
for the year ended 31 May 2025
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
2
Shares issued during the period:
98 Ordinary shares of £1 each
98
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
B/fwd loan, 3.75% int., unsecured, repayable on demand
20,300
-
-
20,300
B/fwd loan, 3.75% int., unsecured, repayable on demand
20,300
-
-
20,300
At the balance sheet date, advances totalling £40,600 (2024: £40,600) were outstanding to two directors. These balances were brought forward from the previous year, with no further advances or repayments made during the period.
Interest is charged on the outstanding balances at a commercial rate of 3.75% per annum. The loans are unsecured and repayable on demand.
A charge under section 455 of the Corporation Tax Act 2010 was recognised in the prior year.
9
Transactions with related parties
During the year, dividends of £74,300 were paid to VentureCap Group Ltd and £74,300 to Nextmorrow Ltd. Both companies are shareholders of the company, each holding 50% of the issued share capital, and are therefore considered related parties.
Prior to the acquisition of shares by VentureCap Group Ltd and Nextmorrow Ltd, the shares were held by the company’s directors. Dividends were also paid to the directors during that period in their capacity as shareholders. The directors ceased to be shareholders upon the transfer of their shares to VentureCap Group Ltd and Nextmorrow Ltd.
At the year end, amounts of £750 were owed to the company by each of VentureCap Group Ltd and Nextmorrow Ltd. These balances represented unsecured, interest-free loans made by the company to its shareholders, repayable on demand. Both balances were repaid after the year end.
10
Average number of employees
During the year the average number of employees was 12 (2024: 12).