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REGISTERED NUMBER: 03895190 (England and Wales)



















Financial Statements

for the Year Ended 31 March 2022

for

Wellbeing Clinics (UK) Limited

Wellbeing Clinics (UK) Limited (Registered number: 03895190)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wellbeing Clinics (UK) Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: R Nelson
I R Reed





SECRETARY: I R Reed





REGISTERED OFFICE: 1 Wentworth House
Vernon Gate
Derby
DE1 1UR





REGISTERED NUMBER: 03895190 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Wellbeing Clinics (UK) Limited (Registered number: 03895190)

Balance Sheet
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,964 87,754

CURRENT ASSETS
Debtors 5 146,970 129,441
Cash at bank and in hand 14,554 56,696
161,524 186,137
CREDITORS
Amounts falling due within one year 6 100,119 93,425
NET CURRENT ASSETS 61,405 92,712
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,369

180,466

CREDITORS
Amounts falling due after more than one
year

7

(88,080

)

(123,089

)

PROVISIONS FOR LIABILITIES 9 (13,000 ) (16,673 )
NET ASSETS 28,289 40,704

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 28,089 40,504
SHAREHOLDERS' FUNDS 28,289 40,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Wellbeing Clinics (UK) Limited (Registered number: 03895190)

Balance Sheet - continued
31 March 2022


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2022 and were signed on its behalf by:





R Nelson - Director


Wellbeing Clinics (UK) Limited (Registered number: 03895190)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Wellbeing Clinics (UK) 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.

Turnover
Turnover represents the amounts derived from the provision of goods and services to customers during the year. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the agreed upon payment.

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

Fixtures and fittings- 25% on reducing balance
Computer equipment- 33% 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.

Deferred taxation
Provision is made at current rates for taxation deferred in respect of all material timing differences.

Grants
Revenue grants are recognised in the profit and loss so as to match with the expenditure to which they are intended to contribute.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 6 ) .

Wellbeing Clinics (UK) Limited (Registered number: 03895190)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2021 175,212 4,748 179,960
Additions 1,974 1,371 3,345
At 31 March 2022 177,186 6,119 183,305
DEPRECIATION
At 1 April 2021 87,843 4,363 92,206
Charge for year 22,335 800 23,135
At 31 March 2022 110,178 5,163 115,341
NET BOOK VALUE
At 31 March 2022 67,008 956 67,964
At 31 March 2021 87,369 385 87,754

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 1,125 420
Due from Wellbeing Property Limited 145,845 129,021
146,970 129,441

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 35,300 29,363
Tax 19,398 14,624
Social security and other taxes 290 396
Other creditors 797 -
Directors' current accounts 36,516 40,621
Accruals and deferred income 7,818 8,421
100,119 93,425

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 1-5 years 88,080 118,089
Bank loans - over 5 years - 5,000
88,080 123,089

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - over 5 years - 5,000

Wellbeing Clinics (UK) Limited (Registered number: 03895190)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 78,091 102,452

Bank loans are personally indemnified by the directors.

9. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax
Accelerated capital allowances 13,000 16,673

Deferred
tax
£   
Balance at 1 April 2021 16,673
Transfer to profit and loss (3,673 )
Balance at 31 March 2022 13,000