IRIS Accounts Production v19.1.2.3 09271535 director 1.11.17 31.10.18 31.10.18 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 09271535 2017-10-31 09271535 2018-10-31 09271535 2017-11-01 2018-10-31 09271535 2016-10-31 09271535 2016-11-01 2017-10-31 09271535 2017-10-31 09271535 ns15:EnglandWales 2017-11-01 2018-10-31 09271535 ns14:PoundSterling 2017-11-01 2018-10-31 09271535 ns10:Director1 2017-11-01 2018-10-31 09271535 ns10:PrivateLimitedCompanyLtd 2017-11-01 2018-10-31 09271535 ns10:SmallEntities 2017-11-01 2018-10-31 09271535 ns10:AuditExempt-NoAccountantsReport 2017-11-01 2018-10-31 09271535 ns10:SmallCompaniesRegimeForDirectorsReport 2017-11-01 2018-10-31 09271535 ns10:SmallCompaniesRegimeForAccounts 2017-11-01 2018-10-31 09271535 ns10:FullAccounts 2017-11-01 2018-10-31 09271535 ns5:CurrentFinancialInstruments 2018-10-31 09271535 ns5:CurrentFinancialInstruments 2017-10-31 09271535 ns5:Non-currentFinancialInstruments 2018-10-31 09271535 ns5:Non-currentFinancialInstruments 2017-10-31 09271535 ns5:ShareCapital 2018-10-31 09271535 ns5:ShareCapital 2017-10-31 09271535 ns5:RetainedEarningsAccumulatedLosses 2018-10-31 09271535 ns5:RetainedEarningsAccumulatedLosses 2017-10-31 09271535 ns5:PlantMachinery 2017-11-01 2018-10-31 09271535 ns5:FurnitureFittings 2017-11-01 2018-10-31 09271535 ns5:MotorVehicles 2017-11-01 2018-10-31 09271535 ns5:PlantMachinery 2017-10-31 09271535 ns5:FurnitureFittings 2017-10-31 09271535 ns5:MotorVehicles 2017-10-31 09271535 ns5:PlantMachinery 2018-10-31 09271535 ns5:FurnitureFittings 2018-10-31 09271535 ns5:MotorVehicles 2018-10-31 09271535 ns5:PlantMachinery 2017-10-31 09271535 ns5:FurnitureFittings 2017-10-31 09271535 ns5:MotorVehicles 2017-10-31 09271535 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2018-10-31 09271535 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2017-10-31


REGISTERED NUMBER: 09271535 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2018

FOR

WECAN SOLUTIONS LIMITED

WECAN SOLUTIONS LIMITED (REGISTERED NUMBER: 09271535)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2018




Page

Balance Sheet 1

Notes to the Financial Statements 3


WECAN SOLUTIONS LIMITED (REGISTERED NUMBER: 09271535)

BALANCE SHEET
31 OCTOBER 2018

31.10.18 31.10.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 766,632 449,725

CURRENT ASSETS
Stocks 92,929 105,286
Debtors 5 855,835 423,575
Cash at bank and in hand 3,828 16,357
952,592 545,218
CREDITORS
Amounts falling due within one year 6 934,404 473,018
NET CURRENT ASSETS 18,188 72,200
TOTAL ASSETS LESS CURRENT
LIABILITIES

784,820

521,925

CREDITORS
Amounts falling due after more than one
year

7

(658,057

)

(290,298

)

PROVISIONS FOR LIABILITIES (84,697 ) (45,617 )
NET ASSETS 42,066 186,010

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 41,966 185,910
42,066 186,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WECAN SOLUTIONS LIMITED (REGISTERED NUMBER: 09271535)

BALANCE SHEET - continued
31 OCTOBER 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 31 July 2019 and were signed by:





A G Hughes - Director


WECAN SOLUTIONS LIMITED (REGISTERED NUMBER: 09271535)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2018

1. STATUTORY INFORMATION

WeCan Solutions Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address are as below:

Registered number: 09271535

Registered office: Unit 22b Beech Trading Estate
Hereford
Herefordshire
HR4 9QJ

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.

Turnover
Turnover 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

WECAN SOLUTIONS LIMITED (REGISTERED NUMBER: 09271535)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2018

2. ACCOUNTING POLICIES - continued

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 26 (2017 - 30 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2017 492,452 - 48,271 540,723
Additions 455,990 392 46,883 503,265
At 31 October 2018 948,442 392 95,154 1,043,988
DEPRECIATION
At 1 November 2017 79,439 - 11,559 90,998
Charge for year 157,637 8 28,713 186,358
At 31 October 2018 237,076 8 40,272 277,356
NET BOOK VALUE
At 31 October 2018 711,366 384 54,882 766,632
At 31 October 2017 413,013 - 36,712 449,725

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.18 31.10.17
£    £   
Trade debtors 348,164 319,358
Other debtors 507,671 104,217
855,835 423,575

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.18 31.10.17
£    £   
Bank loans and overdrafts 56,115 8,588
Hire purchase contracts 109,642 72,574
Trade creditors 581,703 327,098
Taxation and social security 49,021 31,365
Other creditors 137,923 33,393
934,404 473,018

WECAN SOLUTIONS LIMITED (REGISTERED NUMBER: 09271535)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2018

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.18 31.10.17
£    £   
Bank loans 63,981 -
Hire purchase contracts 594,076 290,298
658,057 290,298

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A G Hughes.