We Are Engines Limited - Period Ending 2020-10-31
We Are Engines Limited - Period Ending 2020-10-31
Registration number:
We Are Engines Limited
for the Period from 31 October 2019 to 31 October 2020
We Are Engines Limited
Contents
|
Company Information |
|
|
Director's Report |
|
|
Accountants' Report |
|
|
Balance Sheet |
|
|
Notes to the Unaudited Financial Statements |
We Are Engines Limited
Company Information
|
Director |
Angus Iain Carbarns |
|
Registered office |
|
|
Accountants |
|
We Are Engines Limited
Director's Report for the Period from 31 October 2019 to 31 October 2020
The report and the financial statements for the period from 31 October 2019 to 31 October 2020.
This report has been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.
Incorporation
The company was incorporated and commenced trading on
Director of the company
The director who held office during the period was as follows:
Going concern
The financial statements have been prepared on a going concern basis.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
.........................................
Director
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
We Are Engines Limited
for the Period Ended 31 October 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of We Are Engines Limited for the period ended 31 October 2020 as set out on pages 4 to 6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of We Are Engines Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of We Are Engines Limited and state those matters that we have agreed to state to the Board of Directors of We Are Engines Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than We Are Engines Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that We Are Engines Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of We Are Engines Limited. You consider that We Are Engines Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of We Are Engines Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
The Port House Marina Keep
Port Solent
Portsmouth
PO6 4TH
We Are Engines Limited
(Registration number: SC645859)
Balance Sheet as at 31 October 2020
|
2020 |
|
|
Fixed assets |
|
|
Current assets |
|
|
Creditors: Amounts falling due within one year |
( |
|
Net current assets |
|
|
|
|
|
Capital and reserves |
|
We Are Engines Limited
(Registration number: SC645859)
Balance Sheet as at 31 October 2020
These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
For the financial period ending 31 October 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
|
• |
|
|
• |
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
.........................................
Director
We Are Engines Limited
Notes to the Unaudited Financial Statements for the Period from 31 October 2019 to 31 October 2020
|
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
|
Accounting Policies |
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Computer Equipment |
4 Years Straight Line |
|
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
|
Related party transactions |
|
Transactions with directors |
|
2020 |
At 31 October 2019 |
Repayments by director |
At 31 October 2020 |
|
Angus Iain Carbarns |
|||
|
Interest Free Loan |
- |
( |
( |