WE ARE FAMILIA LIMITED - Accounts

WE ARE FAMILIA LIMITED - Accounts

WE ARE FAMILIA LIMITED - Company Information

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Registered Number: 11742817
England & Northern Ireland

 

 

 

WE ARE FAMILIA LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

WE ARE FAMILIA LIMITED
Contents Page
For the year ended 31 March 2023
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Intangible fixed assets 3 70,211    81,913 
Tangible fixed assets 4 0    1,618 
70,211    83,531 
Current assets      
Debtors 43,272    350,489 
Cash at bank and in hand 696,954    395,709 
740,226    746,198 
Creditors: amount falling due within one year (252,142)   (423,126)
Net current assets 488,084    323,072 
 
Total assets less current liabilities 558,295    406,603 
Creditors: amount falling due after more than one year (358,333)   (100,000)
Accruals and deferred income 0    (10,000)
Provisions for liabilities (1,833)   (723)
Net assets 198,129    295,880 
 

Capital and reserves 		     
Called up share capital 104    104 
Profit and loss account 198,025    295,776 
Shareholder's funds 198,129    295,880 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 02 October 2023 and were signed on its behalf by:


-------------------------------
Toby Dobson Walsham
Director
1
General Information
WE ARE FAMILIA LIMITED is a private company, limited by shares, registered in England & Northern Ireland, registration number 11742817, registration address 2nd Floor, 40 Great Eastern Street, London, EC2A 3EP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 10 (2022 : 7).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 April 2022 117,019    117,019 
Additions -    - 
Disposals -    - 
At 31 March 2023 117,019    117,019 
Amortisation
At 01 April 2022 35,106    35,106 
Charge for year 11,702    11,702 
On disposals -    - 
At 31 March 2023 46,808    46,808 
Net book values
At 31 March 2023 70,211    70,211 
At 31 March 2022 81,913    81,913 


4.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 April 2022 5,381    5,381 
Additions -    - 
Disposals -    - 
At 31 March 2023 5,381    5,381 
Depreciation
At 01 April 2022 3,763    3,763 
Charge for year 1,618    1,618 
On disposals -    - 
At 31 March 2023 5,381    5,381 
Net book values
Closing balance as at 31 March 2023 -    - 
Opening balance as at 01 April 2022 1,618    1,618 


2