IRIS Accounts Production v23.2.0.158 10280975 director 1.1.22 31.12.22 31.12.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh102809752021-12-31102809752022-12-31102809752022-01-012022-12-31102809752021-09-30102809752021-10-012021-12-31102809752021-12-3110280975ns10:Originalns15:EnglandWales2022-01-012022-12-3110280975ns14:PoundSterlingns10:Original2022-01-012022-12-3110280975ns10:Originalns10:Director12022-01-012022-12-3110280975ns10:Original2022-01-012022-12-3110280975ns10:Original2022-12-3110280975ns10:Originalns10:PrivateLimitedCompanyLtd2022-01-012022-12-3110280975ns10:Originalns10:SmallEntities2022-01-012022-12-3110280975ns10:Originalns10:AuditExempt-NoAccountantsReport2022-01-012022-12-3110280975ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3110280975ns10:SmallCompaniesRegimeForAccountsns10:Original2022-01-012022-12-3110280975ns10:Originalns10:FullAccounts2022-01-012022-12-3110280975ns10:Originalns10:RegisteredOffice2022-01-012022-12-3110280975ns10:Original2021-12-3110280975ns10:Originalns5:CurrentFinancialInstruments2022-12-3110280975ns10:Originalns5:CurrentFinancialInstruments2021-12-3110280975ns10:Originalns5:Non-currentFinancialInstruments2022-12-3110280975ns10:Originalns5:Non-currentFinancialInstruments2021-12-3110280975ns5:ShareCapitalns10:Original2022-12-3110280975ns5:ShareCapitalns10:Original2021-12-3110280975ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3110280975ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-12-3110280975ns10:Originalns5:PlantMachinery2022-01-012022-12-3110280975ns10:Originalns5:FurnitureFittings2022-01-012022-12-3110280975ns10:Originalns5:ComputerEquipment2022-01-012022-12-3110280975ns10:Original2021-10-012021-12-3110280975ns10:Originalns5:PlantMachinery2021-12-3110280975ns10:Originalns5:FurnitureFittings2021-12-3110280975ns10:Originalns5:ComputerEquipment2021-12-3110280975ns10:Original2021-12-3110280975ns10:Originalns5:PlantMachinery2022-12-3110280975ns10:Originalns5:FurnitureFittings2022-12-3110280975ns10:Originalns5:ComputerEquipment2022-12-3110280975ns10:Originalns5:PlantMachinery2021-12-3110280975ns10:Originalns5:FurnitureFittings2021-12-3110280975ns10:Originalns5:ComputerEquipment2021-12-3110280975ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3110280975ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-12-3110280975ns10:Originalns5:WithinOneYear2022-12-3110280975ns10:Originalns5:WithinOneYear2021-12-31
REGISTERED NUMBER: 10280975 (England and Wales)








REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

WELOCATE LIMITED

WELOCATE LIMITED (REGISTERED NUMBER: 10280975)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022




Page

Company Information 1

Report of the Director 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


WELOCATE LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2022







DIRECTOR: Mr M Plano





REGISTERED OFFICE: Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD





REGISTERED NUMBER: 10280975 (England and Wales)





ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD

WELOCATE LIMITED (REGISTERED NUMBER: 10280975)

REPORT OF THE DIRECTOR
for the Year Ended 31 December 2022

The director presents his report with the financial statements of the company for the year ended 31 December 2022.

DIRECTOR
Mr M Plano held office during the whole of the period from 1 January 2022 to the date of this report.

His beneficial interest in the shares of the company, according to the register of directors' interests, was as follows:

31.12.22 1.1.22
Ordinary shares of £1.00 each 1 1

He did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr M Plano - Director


29 September 2023

WELOCATE LIMITED (REGISTERED NUMBER: 10280975)

BALANCE SHEET
31 December 2022

31.12.22 31.12.21
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,702 8,301

CURRENT ASSETS
Debtors 5 2,386 2,186
Cash at bank 168,939 136,209
171,325 138,395
CREDITORS
Amounts falling due within one year 6 (288,491 ) (253,582 )
NET CURRENT LIABILITIES (117,166 ) (115,187 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(111,464

)

(106,886

)

CREDITORS
Amounts falling due after more than one
year

7

(35,765

)

(40,867

)
NET LIABILITIES (147,229 ) (147,753 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (147,230 ) (147,754 )
SHAREHOLDERS' FUNDS (147,229 ) (147,753 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

WELOCATE LIMITED (REGISTERED NUMBER: 10280975)

BALANCE SHEET - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2023 and were signed by:





Mr M Plano - Director


WELOCATE LIMITED (REGISTERED NUMBER: 10280975)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Welocate 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 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
Computer equipment - 25% on cost

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.

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.

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 6 (2021 - 4 ) .

WELOCATE LIMITED (REGISTERED NUMBER: 10280975)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2022 4,001 6,575 6,970 17,546
Additions - - 445 445
At 31 December 2022 4,001 6,575 7,415 17,991
DEPRECIATION
At 1 January 2022 2,015 3,795 3,435 9,245
Charge for year 496 695 1,853 3,044
At 31 December 2022 2,511 4,490 5,288 12,289
NET BOOK VALUE
At 31 December 2022 1,490 2,085 2,127 5,702
At 31 December 2021 1,986 2,780 3,535 8,301

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Other debtors 2,386 2,186

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 6,215 6,215
Taxation and social security 21,280 29,182
Other creditors 260,996 218,185
288,491 253,582

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans 35,765 40,867

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.22 31.12.21
£    £   
Within one year 3,840 3,705

WELOCATE LIMITED (REGISTERED NUMBER: 10280975)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

9. RELATED PARTY DISCLOSURES

Included within creditors due within one year is £191,208 (2021 - £191,208) owed to Plano Limited.

Included within creditors due within one year is £76,292 (2021 - £29,931) owed to Welocate Finance Limited.

Mr M Plano is a director and shareholder at Plano Limited and Welocate Finance Limited which are companies registered in England and Wales.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Plano.