Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312022-01-261The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseOther service activities not elsewhere classifiedfalsetrue 13874138 2022-01-25 13874138 2022-01-26 2023-01-31 13874138 2021-02-01 2022-01-25 13874138 2023-01-31 13874138 c:Director1 2022-01-26 2023-01-31 13874138 d:CurrentFinancialInstruments 2023-01-31 13874138 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13874138 d:ShareCapital 2023-01-31 13874138 d:RetainedEarningsAccumulatedLosses 2023-01-31 13874138 c:OrdinaryShareClass1 2022-01-26 2023-01-31 13874138 c:OrdinaryShareClass1 2023-01-31 13874138 c:OrdinaryShareClass2 2022-01-26 2023-01-31 13874138 c:OrdinaryShareClass2 2023-01-31 13874138 c:FRS102 2022-01-26 2023-01-31 13874138 c:AuditExempt-NoAccountantsReport 2022-01-26 2023-01-31 13874138 c:FullAccounts 2022-01-26 2023-01-31 13874138 c:PrivateLimitedCompanyLtd 2022-01-26 2023-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13874138









WELLY HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JANUARY 2023

 
WELLY HOLDINGS LIMITED
REGISTERED NUMBER: 13874138

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
14,603

Cash at bank and in hand
 5 
85,793

  
100,396

Creditors: amounts falling due within one year
 6 
(49,964)

Net current assets
  
 
 
50,432

Total assets less current liabilities
  
50,432

  

Net assets
  
50,432


Capital and reserves
  

Called up share capital 
 7 
100

Profit and loss account
  
50,332

  
50,432


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf 27 October 2023.




L J Gudgeon
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
WELLY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

1.


General information

Welly Holdings Limited is a private limited by shares, incorporated in United Kingdom (registered number: 13874138) The registered office of the company is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.
The financial statements are presented in GBP, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 2

 
WELLY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.


4.


Debtors

2023
£


Trade debtors
14,603

14,603



5.


Cash and cash equivalents

2023
£

Cash at bank and in hand
85,793

85,793


Page 3

 
WELLY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

6.


Creditors: Amounts falling due within one year

2023
£

Corporation tax
39,518

Other taxation and social security
7,236

Other creditors
1,210

Accruals and deferred income
2,000

49,964



7.


Share capital

2023
£
Allotted, called up and fully paid


1 A Ordinary share of £1.00
1
99 Ordinary Shares shares of £1.00 each
99

100




 
Page 4