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REGISTERED NUMBER: 07795788 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Wellworth A Pound Limited

Wellworth A Pound Limited (Registered number: 07795788)

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










Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Wellworth A Pound Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: S L Brown





REGISTERED OFFICE: 268-270 High Street
Dovercourt
Harwich
Essex
CO12 3PD





REGISTERED NUMBER: 07795788 (England and Wales)





ACCOUNTANTS: JTF
Chartered Certified Accountants
Electra House
1A Gilberd Road
Colchester
Essex
CO2 7LR

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Wellworth A Pound Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wellworth A Pound Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Wellworth A Pound Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wellworth A Pound Limited and state those matters that we have agreed to state to the director of Wellworth A Pound Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Wellworth A Pound Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wellworth A Pound Limited. You consider that Wellworth A Pound Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wellworth A Pound Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






JTF
Chartered Certified Accountants
Electra House
1A Gilberd Road
Colchester
Essex
CO2 7LR


20 December 2023

Wellworth A Pound Limited (Registered number: 07795788)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,374 6,366

CURRENT ASSETS
Stocks 164,645 145,875
Debtors 5 7,798 7,107
Cash at bank and in hand 7,212 20,337
179,655 173,319
CREDITORS
Amounts falling due within one year 6 92,897 89,596
NET CURRENT ASSETS 86,758 83,723
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,132

90,089

PROVISIONS FOR LIABILITIES 831 1,230
NET ASSETS 90,301 88,859

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 90,299 88,857
SHAREHOLDERS' FUNDS 90,301 88,859

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 director acknowledges her 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.

Wellworth A Pound Limited (Registered number: 07795788)

Balance Sheet - continued
31 March 2023


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 19 December 2023 and were signed by:





S L Brown - Director


Wellworth A Pound Limited (Registered number: 07795788)

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


1. STATUTORY INFORMATION

Wellworth A Pound 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.
Equipment - 20% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

Wellworth A Pound Limited (Registered number: 07795788)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 18,811
Additions 364
At 31 March 2023 19,175
DEPRECIATION
At 1 April 2022 12,444
Charge for year 2,357
At 31 March 2023 14,801
NET BOOK VALUE
At 31 March 2023 4,374
At 31 March 2022 6,367

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 7,798 7,107

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 63,671 58,630
Taxation and social security 11,556 12,343
Other creditors 17,670 18,623
92,897 89,596

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 37,600 37,600
Between one and five years 100,267 137,867
137,867 175,467

Wellworth A Pound Limited (Registered number: 07795788)

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


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
S L Brown
Balance outstanding at start of year 118 -
Amounts advanced - 118
Amounts repaid (118 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 118

The loan to the director was interest-free and repayable on demand.