Company Registration No. 12442287 (England and Wales)
WELFARE HEALTHCARE PARTNERSHIP LTD
Unaudited accounts
for the year ended 28 February 2023
WELFARE HEALTHCARE PARTNERSHIP LTD
Unaudited accounts
Contents
WELFARE HEALTHCARE PARTNERSHIP LTD
Company Information
for the year ended 28 February 2023
Directors
Mustafa Hakimudin BHAIJI
Hau Wee LIM
Yew Huey THONG
Ka Fung TO
Company Number
12442287 (England and Wales)
Registered Office
68 FRIAR GATE
DERBY
DE1 1FP
ENGLAND
WELFARE HEALTHCARE PARTNERSHIP LTD
Statement of financial position
as at 28 February 2023
Intangible assets
935,000
935,000
Tangible assets
3,000
4,000
Cash at bank and in hand
136,962
92,713
Creditors: amounts falling due within one year
(135,484)
(91,629)
Net current assets
45,263
56,411
Total assets less current liabilities
983,263
995,411
Creditors: amounts falling due after more than one year
(949,453)
(990,994)
Called up share capital
100
100
Profit and loss account
33,710
4,317
Shareholders' funds
33,810
4,417
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by
Hau Wee LIM
Director
Company Registration No. 12442287
WELFARE HEALTHCARE PARTNERSHIP LTD
Notes to the Accounts
for the year ended 28 February 2023
WELFARE HEALTHCARE PARTNERSHIP LTD is a private company, limited by shares, registered in England and Wales, registration number 12442287. The registered office is 68 FRIAR GATE, DERBY, DE1 1FP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight Line Method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Goodwill
At 28 February 2023
935,000
At 28 February 2023
935,000
At 28 February 2022
935,000
WELFARE HEALTHCARE PARTNERSHIP LTD
Notes to the Accounts
for the year ended 28 February 2023
5
Tangible fixed assets
Fixtures & fittings
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
15,339
9,457
Proposed dividends
35,000
35,000
Loans from directors
85,145
47,172
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
329,453
370,994
Loans from directors
620,000
620,000
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).