WEAG UK LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10814351

WEAG UK LTD

Filleted Unaudited Financial Statements

30 June 2025

WEAG UK LTD

Financial Statements

Year ended 30 June 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

WEAG UK LTD

Statement of Financial Position

30 June 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	579	1,158

Current assets

Debtors	6	66,396	41,161
Cash at bank and in hand		41,431	19,872
		---------	--------
		107,827	61,033

Creditors: amounts falling due within one year	7	138,128	58,759
		---------	--------
Net current (liabilities)/assets		( 30,301)	2,274
		--------	-------
Total assets less current liabilities		( 29,722)	3,432

Provisions	( 18,235)	–
	--------	-------
Net (liabilities)/assets	( 11,487)	3,432
	--------	-------

Capital and reserves

Called up share capital	1,000	800
Profit and loss account	( 12,487)	2,632
	--------	-------
Shareholders (deficit)/funds	( 11,487)	3,432
	--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 June 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

WEAG UK LTD

Statement of Financial Position (continued)

30 June 2025

These financial statements were approved by the board of directors and authorised for issue on 15 April 2026 , and are signed on behalf of the board by:

Mr A M Fonseca Da Silva

Director

Company registration number: 10814351

WEAG UK LTD

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh house, 27 New Dover Road, Canterbury, Kent, United Kingdom, CT1 3DN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The accounts have been prepared on a going concern basis which relies upon the continuing support of the directors. The Directors have confirmed it is their intention to continue to support the company for a period of at least 12 months from the date of approval of these financial statements.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	3 years straight line

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 4 ).

5. Tangible assets

	Equipment
	£
Cost
At 1 July 2024 and 30 June 2025	16,947
	--------
Depreciation
At 1 July 2024	15,789
Charge for the year	579
	--------
At 30 June 2025	16,368
	--------
Carrying amount
At 30 June 2025	579
	--------
At 30 June 2024	1,158
	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	60,937	39,404
Other debtors	5,459	1,757
	--------	--------
	66,396	41,161
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	4,471	40,316
Amounts owed to group undertakings and undertakings in which the company has a participating interest	79,415	–
Social security and other taxes	15,735	8,406
Other creditors	38,507	10,037
	---------	--------
	138,128	58,759
	---------	--------

8. Related party transactions

At the year end, the company owed the Directors £28,172 (2024: £7,615).

9. Controlling party

The company's immediate and ultimate parent undertaking is Globaz, S.A, a company incorporated in Portugal. The company's address is Edifício Rainha Piso 12, 3720-233, Oliveira de Azeméis, Portugal .