IRIS Accounts Production v22.1.4.3 11625794 Board of Directors Board of Directors Board of Directors 1.1.21 31.12.21 31.12.21 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure116257942020-12-31116257942021-12-31116257942021-01-012021-12-31116257942019-12-31116257942020-01-012020-12-31116257942020-12-3111625794ns16:EnglandWales2021-01-012021-12-3111625794ns15:PoundSterling2021-01-012021-12-3111625794ns11:Director12021-01-012021-12-3111625794ns11:Director22021-01-012021-12-3111625794ns11:Director32021-01-012021-12-3111625794ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3111625794ns11:SmallEntities2021-01-012021-12-3111625794ns11:AuditExempt-NoAccountantsReport2021-01-012021-12-3111625794ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3111625794ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3111625794ns11:FullAccounts2021-01-012021-12-3111625794ns11:RegisteredOffice2021-01-012021-12-3111625794ns6:CurrentFinancialInstruments2021-12-3111625794ns6:CurrentFinancialInstruments2020-12-3111625794ns6:ShareCapital2021-12-3111625794ns6:ShareCapital2020-12-3111625794ns6:RetainedEarningsAccumulatedLosses2021-12-3111625794ns6:RetainedEarningsAccumulatedLosses2020-12-3111625794ns6:LongLeaseholdAssetsns6:LandBuildings2021-01-012021-12-3111625794ns6:LongLeaseholdAssetsns6:LandBuildings2020-12-3111625794ns6:LongLeaseholdAssetsns6:LandBuildings2021-12-3111625794ns6:LongLeaseholdAssetsns6:LandBuildings2020-12-3111625794ns6:CostValuation2020-12-3111625794ns6:DisposalsRepaymentsInvestments2021-12-3111625794ns6:CostValuation2021-12-3111625794ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3111625794ns6:WithinOneYearns6:CurrentFinancialInstruments2020-12-31
REGISTERED NUMBER: 11625794 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2021

for

Well Able Limited

Well Able Limited (Registered number: 11625794)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Well Able Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: G L Sellars
B Sellars
G Sellars





REGISTERED OFFICE: Lindum House
Beels Road
Stallingborough
Grimsby
N E Lincolnshire
DN41 8DN





REGISTERED NUMBER: 11625794 (England and Wales)

Well Able Limited (Registered number: 11625794)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 342,388 345,157
Investments 5 66,150 435,170
408,538 780,327

CURRENT ASSETS
Debtors 6 296,485 17,567
Cash at bank 468,257 296,164
764,742 313,731
CREDITORS
Amounts falling due within one year 7 178,354 141,543
NET CURRENT ASSETS 586,388 172,188
TOTAL ASSETS LESS CURRENT LIABILITIES 994,926 952,515

CAPITAL AND RESERVES
Called up share capital 275,110 275,110
Retained earnings 719,816 677,405
SHAREHOLDERS' FUNDS 994,926 952,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2022 and were signed on its behalf by:




G L Sellars - Director B Sellars - Director




G Sellars - Director


Well Able Limited (Registered number: 11625794)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Well Able 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.

Preparation of consolidated financial statements
The financial statements contain information about Well Able Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Long leasehold - Straight line over 125 years

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

Well Able Limited (Registered number: 11625794)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Long
leasehold
£   
COST
At 1 January 2021
and 31 December 2021 346,080
DEPRECIATION
At 1 January 2021 923
Charge for year 2,769
At 31 December 2021 3,692
NET BOOK VALUE
At 31 December 2021 342,388
At 31 December 2020 345,157

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2021 435,170
Disposals (369,020 )
At 31 December 2021 66,150
NET BOOK VALUE
At 31 December 2021 66,150
At 31 December 2020 435,170

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 22,368 17,567
Amounts owed by group undertakings 274,117 -
296,485 17,567

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Taxation and social security 57,306 35,761
Other creditors 121,048 105,782
178,354 141,543