Company Registration No. 12006837 (England and Wales)
We Shred It Ltd
Unaudited accounts
for the year ended 31 March 2025
We Shred It Ltd
Unaudited accounts
Contents
We Shred It Ltd
Company Information
for the year ended 31 March 2025
Director
David Alan Foster
Company Number
12006837 (England and Wales)
Registered Office
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS
England
Accountants
Embrace Accountants Ltd
37 St. Leonards Drive
Nottingham
NG8 2BB
We Shred It Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
27,089
36,081
Cash at bank and in hand
432
9,750
Creditors: amounts falling due within one year
(45,540)
(30,474)
Net current liabilities
(43,234)
(12,814)
Total assets less current liabilities
(16,145)
23,267
Creditors: amounts falling due after more than one year
(10,861)
(15,750)
Net (liabilities)/assets
(27,006)
7,517
Called up share capital
100
100
Profit and loss account
(27,106)
7,417
Shareholders' funds
(27,006)
7,517
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 29 December 2025 and were signed on its behalf by
David Alan Foster
Director
Company Registration No. 12006837
We Shred It Ltd
Notes to the Accounts
for the year ended 31 March 2025
We Shred It Ltd is a private company, limited by shares, registered in England and Wales, registration number 12006837. The registered office is Brook House, Moss Grove, Kingswinford, West Midlands, DY6 9HS, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
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% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
25% on reducing balance
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
We Shred It Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
40,915
20,953
1,004
62,872
At 31 March 2025
40,915
20,953
1,004
62,872
At 1 April 2024
20,788
5,566
437
26,791
Charge for the year
5,032
3,847
113
8,992
At 31 March 2025
25,820
9,413
550
35,783
At 31 March 2025
15,095
11,540
454
27,089
At 31 March 2024
20,127
15,387
567
36,081
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
2,082
2,082
Obligations under finance leases and hire purchase contracts
2,609
2,609
Trade creditors
8,414
2,793
Amounts owed to group undertakings and other participating interests
30,223
17,793
Taxes and social security
100
-
Other creditors
1,372
3,018
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
9,253
11,317
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Average number of employees
During the year the average number of employees was 1 (2024: 0).