We Source Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10568701 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2019

for

We Source Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

L J Rawes

REGISTERED OFFICE:

Unit 12 Edison Court

Wrexham Technology Park

Brynyffynnon

Wrexham

LL13 7YT

REGISTERED NUMBER:

10568701 (England and Wales)

ACCOUNTANTS:

Pursglove & Brown

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

FIXED ASSETS

Property, plant and equipment

4

4,931

3,667

CURRENT ASSETS

Debtors

5

33,179

14,435

Cash at bank

-

25,901

33,179

40,336

CREDITORS

Amounts falling due within one year

6

(379,780

)

(239,639

)

NET CURRENT LIABILITIES

(346,601

)

(199,303

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(341,670

)

(195,636

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

(341,671

)

(195,637

)

SHAREHOLDERS' FUNDS

(341,670

)

(195,636

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 30 October 2019 and were signed by:

L J Rawes - Director

1.	STATUTORY INFORMATION

We Source Group 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest

£1.

Turnover

Revenue 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 4 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 February 2018

4,809

Additions

2,782

At 31 January 2019

7,591

DEPRECIATION

At 1 February 2018

1,142

Charge for year

1,518

At 31 January 2019

2,660

NET BOOK VALUE

At 31 January 2019

4,931

At 31 January 2018

3,667

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Trade debtors

29,856

-

Other debtors

3,323

14,435

33,179

14,435

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Bank loans and overdrafts

29,387

-

Trade creditors

43,740

14,754

Taxation and social security

8,454

10,900

Other creditors

298,199

213,985

379,780

239,639

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.19

31.1.18

value:

£

£

100

Ordinary

£0.01

1

1

8.	RELATED PARTY DISCLOSURES

During the year, the controlling shareholder in the company made loans to the company of £84.910 (2018: £211,190). The

loans are repayable on demand. The balance due and outstanding at the balance sheet date was £296,100 (2018:£211,190).

The company's director, L J Rawes, provided arms length consultancy services to the company, in her capacity as a

director, during the year amounting to £5,775.