REGISTERED NUMBER: 09132393 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st July 2025

for

WEAR COMMUNICATIONS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

G Campbell

REGISTERED OFFICE:

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

REGISTERED NUMBER:

09132393 (England and Wales)

ACCOUNTANTS:

TC Group

3rd Floor, Suffolk House

George Street

Croydon

CR0 0YN

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

1,697

2,436

1,697

2,436

CURRENT ASSETS

Debtors

6

3,766

4,353

Cash at bank

7,984

12,053

11,750

16,406

CREDITORS

Amounts falling due within one year

7

13,305

16,631

NET CURRENT LIABILITIES

(1,555

)

(225

)

TOTAL ASSETS LESS CURRENT LIABILITIES

142

2,211

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

42

2,111

SHAREHOLDERS' FUNDS

142

2,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2025 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.

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 8th December 2025 and were signed by:

G Campbell - Director

1.	STATUTORY INFORMATION

Wear Communications 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 continues to trade profitability and is expected to keep generating positive cash flows for the foreseeable future. The director therefore continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

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.

Motor vehicles

-

25% on reducing balance

Hire purchase and leasing commitments

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st August 2024

and 31st July 2025

25,000

AMORTISATION

At 1st August 2024

and 31st July 2025

25,000

NET BOOK VALUE

At 31st July 2025

-

At 31st July 2024

-

5.	PROPERTY, PLANT AND EQUIPMENT

Motor

Computer

Equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1st August 2024

and 31st July 2025

2,020

29,820

780

32,620

DEPRECIATION

At 1st August 2024

2,020

27,904

260

30,184

Charge for year

-

479

260

739

At 31st July 2025

2,020

28,383

520

30,923

NET BOOK VALUE

At 31st July 2025

-

1,437

260

1,697

At 31st July 2024

-

1,916

520

2,436

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

2,103

4,353

Directors' current accounts

1,663

-

3,766

4,353

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Tax

5,717

7,047

Social security and other taxes

202

160

VAT

7,299

9,402

Other creditors

87

-

Directors' current accounts

-

22

13,305

16,631

8.	ULTIMATE CONTROLLING PARTY

The controlling party is G Campbell.