WELLQUICK LTD

Company Registration Number:
03864871 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2021

Period of accounts

Start date: 01 December 2020

End date: 30 November 2021

WELLQUICK LTD

Contents of the Financial Statements

for the Period Ended 30 November 2021

Balance sheet
Notes

WELLQUICK LTD

Balance sheet

As at 30 November 2021


Notes

2021

2020


£

£
Fixed assets
Tangible assets: 3 405,948 405,122
Total fixed assets: 405,948 405,122
Current assets
Debtors:   46,123 49,644
Cash at bank and in hand: 92,749 49,166
Total current assets: 138,872 98,810
Creditors: amounts falling due within one year: 4 (63,369) (40,041)
Net current assets (liabilities): 75,503 58,769
Total assets less current liabilities: 481,451 463,891
Creditors: amounts falling due after more than one year:   (74,000) (50,000)
Total net assets (liabilities): 407,451 413,891
Capital and reserves
Called up share capital: 1,000 1,000
Other reserves: 40,000 40,000
Profit and loss account: 366,451 372,891
Shareholders funds: 407,451 413,891

The notes form part of these financial statements

WELLQUICK LTD

Balance sheet statements

For the year ending 30 November 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 August 2022
and signed on behalf of the board by:

Name: Mrs Colleen Hubbard
Status: Director

The notes form part of these financial statements

WELLQUICK LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Tangible Assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Plant and machinery - 25% reducing balanceFittings fixtures and equipment - 25% reducing balanceIf there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Other accounting policies

TaxationCurrent tax is recognised on taxable profit for the current and past periods. Current tax is mesured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.ImpairmentA review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.Defined contribution plansContributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduciton in future payments or a cash refund.

WELLQUICK LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

2. Employees

2021 2020
Average number of employees during the period 13 14

WELLQUICK LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

3. Tangible Assets

Total
Cost £
At 01 December 2020 439,320
Additions 1,463
At 30 November 2021 440,783
Depreciation
At 01 December 2020 34,198
Charge for year 637
At 30 November 2021 34,835
Net book value
At 30 November 2021 405,948
At 30 November 2020 405,122

WELLQUICK LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

4. Creditors: amounts falling due within one year note

The company's bank loan and overdraft are secured by a fixed and floating charge over the assets of the company.