Wethinkweb Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC519519

Wethinkweb Limited

Filleted Unaudited Financial Statements

30 November 2025

Wethinkweb Limited

Financial Statements

Year ended 30 November 2025

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	3

Wethinkweb Limited

Officers and Professional Advisers

Director	Mr I J Davie

Company secretary	Ian J Davie

Registered office	49 Echline Terrace
	South Queensferry
	Scotland
	EH30 9XH

Accountants	Gibson McKerrell Burrows Limited
	Chartered Accountants
	28 Rutland Square
	Edinburgh
	EH1 2BW

Wethinkweb Limited

Statement of Financial Position

30 November 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		1	1

Current assets

Cash at bank and in hand	5,828		115

Creditors: amounts falling due within one year	6	1,225		166
		-------		----
Net current assets/(liabilities)			4,603	( 51)
			-------	----
Total assets less current liabilities			4,604	( 50)
			-------	----

Capital and reserves

Called up share capital	100	100
Profit and loss account	4,504	( 150)
	-------	----
Shareholders funds/(deficit)	4,604	( 50)
	-------	----

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 income and retained earnings has not been delivered.

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 3 August 2026 , and are signed on behalf of the board by:

Mr I J Davie
Director

Company registration number: SC519519

Wethinkweb Limited

Notes to the Financial Statements

Year ended 30 November 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 49 Echline Terrace, South Queensferry, EH30 9XH, Scotland.

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 are prepared on a going concern basis as the director has confirmed he will continue to support the company and provide funding if required.

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 for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

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.

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

4. Tax on profit/(loss)

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	1,059	–
	-------	----
Tax on profit/(loss)	1,059	–
	-------	----

5. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 December 2024 and 30 November 2025	1,509	1,509
	-------	-------
Depreciation
At 1 December 2024 and 30 November 2025	1,508	1,508
	-------	-------
Carrying amount
At 30 November 2025	1	1
	-------	-------
At 30 November 2024	1	1
	-------	-------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	1,083	24
Other creditors	142	142
	-------	----
	1,225	166
	-------	----

7. Related party transactions

The company was under the control of Mr I J Davie throughout the current Period. Mr I J Davie is the managing director and sole shareholder.