Company registration number 16341077 (England and Wales)
WECOMP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
WECOMP LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
WECOMP LIMITED (REGISTERED NUMBER: 16341077)
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
Notes
£
£
Fixed assets
Tangible assets
3
580
Current assets
Debtors
4
178,325
Cash at bank and in hand
115,239
293,564
Creditors: amounts falling due within one year
5
(76,125)
Net current assets
217,439
Total assets less current liabilities
218,019
Provisions for liabilities
(145)
Net assets
217,874
Capital and reserves
Called up share capital
2
Profit and loss reserves
217,872
Total equity
217,874

For the financial period ended 31 March 2026 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 of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 24 July 2026 and are signed on its behalf by:
Mr J Bennett
Director
WECOMP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2026
- 2 -
1
Accounting policies
Company information

WECOMP Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor (Right), Downe House, 303 High Street, Orpington, Kent, United Kingdom, BR6 0NN.

1.1
Reporting period

The financial statements are reported from the date of incorporation to the 31st March 2026.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Revenue

Revenue represents consultancy charges to an overseas company. Revenue from consultancy charges is recognised in the period where work is completed at pre determined rates.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

WECOMP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2026
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2026
Number
Total
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 25 March 2025
-
0
Additions
866
At 31 March 2026
866
Depreciation and impairment
At 25 March 2025
-
0
Depreciation charged in the period
286
At 31 March 2026
286
Carrying amount
At 31 March 2026
580
4
Debtors
2026
Amounts falling due within one year:
£
Other debtors
178,325
5
Creditors: amounts falling due within one year
2026
£
Taxation and social security
72,717
Other creditors
3,408
76,125

 

WECOMP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2026
- 4 -
6
Directors' transactions

As at the balance sheet date, there was an overdrawn directors loan account balance of £131,958 including interest of £3,636. This balance is included within other debtors. The balance was repaid within 9 months of the year-end.

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