ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Company registration number: 03344926

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	WEFIXNOW LIMITED


WEFIXNOW LIMITED

COMPANY INFORMATION

Directors	R J A Bridgwood
	P D Pryor
	T Varsani


Registered number	03344926


Registered office	Richmond House
	Walkern Road
	Stevenage
	Herts
	SG1 3QP


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	Hertfordshire
	SG1 3QP


WEFIXNOW LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


WEFIXNOW LIMITED REGISTERED NUMBER:03344926

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		3,128		1,934
			3,128		1,934
Current assets
Debtors: amounts falling due within one year	5	127,333		87,997
		127,333		87,997
Creditors: amounts falling due within one year	6	(320,561)		(314,072)
Net current liabilities			(193,228)		(226,075)
Total assets less current liabilities			(190,100)		(224,141)
Creditors: amounts falling due after more than one year	7		(2,500)		(12,500)

Net liabilities			(192,600)		(236,641)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(192,700)	(236,741)
	(192,600)	(236,641)

Page 1


WEFIXNOW LIMITED REGISTERED NUMBER:03344926

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

R J A Bridgwood

Director

Date: 14 November 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2


WEFIXNOW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Wefixnow Limited 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.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Going concern

The directors have undertaken to continue their financial support of the company for the foreseeable future. On this basis they believe it is appropriate to prepare these accounts on a going concern basis.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3


WEFIXNOW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using both the straight-line and reducing balance method.

Depreciation is provided on the following basis:

Computer equipment

20% on cost and 15% on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 5 (2024 - 5).

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 April 2024	34,411
	Additions	1,846
	At 31 March 2025	36,257
	Depreciation
	At 1 April 2024	32,477
	Charge for the year on owned assets	652
	At 31 March 2025	33,129
	Net book value
	At 31 March 2025	3,128
	At 31 March 2024	1,934

Debtors

					2025	2024
					£	£

Page 4


WEFIXNOW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.Debtors (continued)

Trade debtors	113,880	70,847
Other debtors	1,847	1,739
Prepayments and accrued income	11,606	15,411
	127,333	87,997

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	27,969	16,949
Other loans	10,000	10,000
Trade creditors	6,233	6,652
Amounts owed to group undertakings	49,058	50,000
Other taxation and social security	33,018	26,132
Other creditors	180,601	193,281
Accruals and deferred income	13,682	11,058
	320,561	314,072

The following liabilities were secured:
	2025	2024
	£	£


Invoice financing	-	14,135
	-	14,135

Details of security provided:

Security has been given to the invoice discounting facility providers by way of a fixed and floating charge over the assets of the company.

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Other loans	2,500	12,500
	2,500	12,500

Page 5


WEFIXNOW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Amounts falling due within one year
Other loans	10,000	10,000
	10,000	10,000
Amounts falling due 1-2 years
Other loans	2,500	12,500
	2,500	12,500


	12,500	22,500

9.	Related party transactions
	At the balance sheet date the company owed £178,394 (2024: £191,394) to the directors. The balance can be found within creditors due within one year. No interest is being charged on this loan.

Page 6