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REGISTERED NUMBER: 08471704 (England and Wales)














WELBECK INTERIORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






WELBECK INTERIORS LIMITED (REGISTERED NUMBER: 08471704)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

WELBECK INTERIORS LIMITED

COMPANY INFORMATION
for the year ended 31 October 2023







DIRECTORS: R S Jones
P S Smith





REGISTERED OFFICE: 9 The IO Centre
Nash Road
Park Farm
Redditch
Worcestershire
B98 7AS





REGISTERED NUMBER: 08471704 (England and Wales)





ACCOUNTANTS: Equus Miller Limited
Chartered Certified Accountants
Brook House
47 High Street
Henley in Arden
Warwickshire
B95 5AA

WELBECK INTERIORS LIMITED (REGISTERED NUMBER: 08471704)

BALANCE SHEET
31 October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,398 70,179
Investments 5 34,802 26,453
71,200 96,632

CURRENT ASSETS
Stocks 6 26,287 22,705
Debtors 7 1,559,868 886,410
Cash at bank and in hand 3,463,191 1,538,472
5,049,346 2,447,587
CREDITORS
Amounts falling due within one year 8 3,281,569 746,614
NET CURRENT ASSETS 1,767,777 1,700,973
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,838,977

1,797,605

CREDITORS
Amounts falling due after more than one
year

9

(9,858

)

(23,978

)

PROVISIONS FOR LIABILITIES (9,099 ) (13,334 )
NET ASSETS 1,820,020 1,760,293

CAPITAL AND RESERVES
Called up share capital 11 120 120
Retained earnings 1,819,900 1,760,173
SHAREHOLDERS' FUNDS 1,820,020 1,760,293

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

WELBECK INTERIORS LIMITED (REGISTERED NUMBER: 08471704)

BALANCE SHEET - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by:





R S Jones - Director


WELBECK INTERIORS LIMITED (REGISTERED NUMBER: 08471704)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2023

1. STATUTORY INFORMATION

Welbeck Interiors 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 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 Statement of Income and Retained Earnings, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Unlisted investment
Unlisted investments are stated at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

WELBECK INTERIORS LIMITED (REGISTERED NUMBER: 08471704)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 35,774 183,146 15,877 234,797
Additions - - 1,216 1,216
At 31 October 2023 35,774 183,146 17,093 236,013
DEPRECIATION
At 1 November 2022 7,193 144,505 12,920 164,618
Charge for year 8,423 24,881 1,693 34,997
At 31 October 2023 15,616 169,386 14,613 199,615
NET BOOK VALUE
At 31 October 2023 20,158 13,760 2,480 36,398
At 31 October 2022 28,581 38,641 2,957 70,179

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022
and 31 October 2023 99,525
DEPRECIATION
At 1 November 2022 60,884
Charge for year 24,881
At 31 October 2023 85,765
NET BOOK VALUE
At 31 October 2023 13,760
At 31 October 2022 38,641

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 November 2022 26,453
Reversal of impairments 8,349
At 31 October 2023 34,802
NET BOOK VALUE
At 31 October 2023 34,802
At 31 October 2022 26,453

6. STOCKS
31/10/23 31/10/22
£    £   
Stocks 26,287 22,705

WELBECK INTERIORS LIMITED (REGISTERED NUMBER: 08471704)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors 1,027,872 306,726
Amounts owed by group undertakings 520,784 570,799
Prepayments 11,212 8,885
1,559,868 886,410

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Hire purchase contracts 14,120 20,987
Trade creditors 258,711 132,060
Amounts owed to associates 450,000 -
Taxation and social security 379,189 237,791
Other creditors 2,179,549 355,776
3,281,569 746,614

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/10/23 31/10/22
£    £   
Hire purchase contracts 9,858 23,978

10. SECURED DEBTS

The following secured debts are included within creditors:

31/10/23 31/10/22
£    £   
Hire purchase contracts 23,978 44,965

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/23 31/10/22
value: £    £   
120 Ordinary £1 120 120

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WELBECK INTERIORS LIMITED

The following reproduces the text of the report prepared for the directors 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 Directors 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 Welbeck Interiors Limited for the year ended 31 October 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 Board of Directors of Welbeck Interiors Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Welbeck Interiors Limited and state those matters that we have agreed to state to the Board of Directors of Welbeck Interiors Limited, as a body, 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 Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Welbeck Interiors 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 Welbeck Interiors Limited. You consider that Welbeck Interiors 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 Welbeck Interiors 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.






Equus Miller Limited
Chartered Certified Accountants
Brook House
47 High Street
Henley in Arden
Warwickshire
B95 5AA


8 April 2024