Wellbrook Ventures Limited 07012449 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is that of pharmacutical supplies. Digita Accounts Production Advanced 6.30.9574.0 true true 07012449 2022-08-01 2023-07-31 07012449 2023-07-31 07012449 core:CurrentFinancialInstruments 2023-07-31 07012449 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 07012449 core:FurnitureFittingsToolsEquipment 2023-07-31 07012449 core:MotorVehicles 2023-07-31 07012449 bus:SmallEntities 2022-08-01 2023-07-31 07012449 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 07012449 bus:FullAccounts 2022-08-01 2023-07-31 07012449 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 07012449 bus:RegisteredOffice 2022-08-01 2023-07-31 07012449 bus:Director1 2022-08-01 2023-07-31 07012449 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 07012449 core:FurnitureFittings 2022-08-01 2023-07-31 07012449 core:FurnitureFittingsToolsEquipment 2022-08-01 2023-07-31 07012449 core:MotorCars 2022-08-01 2023-07-31 07012449 core:MotorVehicles 2022-08-01 2023-07-31 07012449 countries:EnglandWales 2022-08-01 2023-07-31 07012449 2022-07-31 07012449 core:FurnitureFittingsToolsEquipment 2022-07-31 07012449 core:MotorVehicles 2022-07-31 07012449 2021-08-01 2022-07-31 07012449 2022-07-31 07012449 core:CurrentFinancialInstruments 2022-07-31 07012449 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 07012449 core:FurnitureFittingsToolsEquipment 2022-07-31 07012449 core:MotorVehicles 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 07012449

Wellbrook Ventures Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

Wellbrook Ventures Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Wellbrook Ventures Limited

Company Information

Director

Mr I Khan

Registered office

150 Deane Road
Bolton
BL3 5DL

Accountants

EKWilliams Accountants Ltd
1 Pavilion Square
Cricketers Way
Westhoughton
Bolton
BL5 3AJ

 

Wellbrook Ventures Limited

(Registration number: 07012449)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

25,890

16,693

Current assets

 

Stocks

5

23,955

22,421

Debtors

6

118,520

41,752

Cash at bank and in hand

 

133,705

202,832

 

276,180

267,005

Creditors: Amounts falling due within one year

7

(293,783)

(240,752)

Net current (liabilities)/assets

 

(17,603)

26,253

Total assets less current liabilities

 

8,287

42,946

Provisions for liabilities

(6,473)

(3,172)

Net assets

 

1,814

39,774

Capital and reserves

 

Called up share capital

1,002

1,002

Retained earnings

812

38,772

Shareholders' funds

 

1,814

39,774

 

Wellbrook Ventures Limited

(Registration number: 07012449)
Balance Sheet as at 31 July 2023

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 March 2024
 

.........................................
Mr I Khan
Director

 

Wellbrook Ventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
150 Deane Road
Bolton
BL3 5DL
England

These financial statements were authorised for issue by the director on 22 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Wellbrook Ventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% reducing balance basis

Motor vehicles

25% reducing balance basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 9 (2022 - 7).

 

Wellbrook Ventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2022

6,004

23,170

29,174

Additions

-

17,673

17,673

At 31 July 2023

6,004

40,843

46,847

Depreciation

At 1 August 2022

4,851

7,630

12,481

Charge for the year

173

8,303

8,476

At 31 July 2023

5,024

15,933

20,957

Carrying amount

At 31 July 2023

980

24,910

25,890

At 31 July 2022

1,153

15,540

16,693

5

Stocks

2023
£

2022
£

Finished goods and goods for resale

23,955

22,421

6

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

6,160

-

Prepayments

 

96,137

33,330

Other debtors

 

16,223

8,422

 

Wellbrook Ventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

271,509

218,763

Taxation and social security

3,632

15,231

Accruals and deferred income

7,650

5,567

Other creditors

10,992

1,191

293,783

240,752