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REGISTERED NUMBER: 11231428 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Sandwell Wellbeing Limited

Sandwell Wellbeing Limited (Registered number: 11231428)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Sandwell Wellbeing Limited (Registered number: 11231428)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 5,760
Tangible assets 5 6,046 6,249
6,046 12,009

CURRENT ASSETS
Debtors 6 3,446 4,513
Cash at bank 239,456 204,121
242,902 208,634
CREDITORS
Amounts falling due within one year 7 94,757 49,824
NET CURRENT ASSETS 148,145 158,810
TOTAL ASSETS LESS CURRENT
LIABILITIES

154,191

170,819

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 154,189 170,817
SHAREHOLDERS' FUNDS 154,191 170,819

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 23 October 2023 and were signed on its behalf by:





J S Sahota - Director


Sandwell Wellbeing Limited (Registered number: 11231428)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Sandwell Wellbeing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11231428

Registered office: Office 13 Flexspace Direct 2 Industrial
Roway Lane
Oldbury
West Midlands
B69 3ES

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise fee is being amortised evenly over its estimated useful life of five years.

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 etc - 25% on reducing balance

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.

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 42 (2022 - 49 ) .

Sandwell Wellbeing Limited (Registered number: 11231428)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 28,800
AMORTISATION
At 1 April 2022 23,040
Charge for year 5,760
At 31 March 2023 28,800
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 5,760

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 12,484
Additions 4,937
At 31 March 2023 17,421
DEPRECIATION
At 1 April 2022 6,235
Charge for year 5,140
At 31 March 2023 11,375
NET BOOK VALUE
At 31 March 2023 6,046
At 31 March 2022 6,249

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 3,446 4,513

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 17,742 39,168
Other creditors 77,015 10,656
94,757 49,824

Sandwell Wellbeing Limited (Registered number: 11231428)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. ULTIMATE CONTROLLING PARTY

The controlling party is J S Sahota.