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REGISTERED NUMBER: 03728729 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

WELLDATA LTD

WELLDATA LTD (REGISTERED NUMBER: 03728729)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


WELLDATA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: P I Clayton





REGISTERED OFFICE: The Smith
145 London Road
Kingston Upon Thames
Surrey
KT2 6SR





REGISTERED NUMBER: 03728729 (England and Wales)





ACCOUNTANTS: Blue Rocket Accounting
Accountants and Tax Advisers
8 Twisleton Court
Priory Hill
Dartford
Kent
DA1 2EN

WELLDATA LTD (REGISTERED NUMBER: 03728729)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 30 NOVEMBER 2023

The director presents his report with the financial statements of the company for the year ended 30 November 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of information technology support services.

DIRECTOR
P I Clayton held office during the whole of the period from 1 December 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P I Clayton - Director


8 April 2024

WELLDATA LTD (REGISTERED NUMBER: 03728729)

INCOME STATEMENT
FOR THE YEAR ENDED 30 NOVEMBER 2023

30/11/23 30/11/22
Notes £    £   

TURNOVER 3,212,325 3,045,486

Cost of sales (549,366 ) (726,204 )
GROSS PROFIT 2,662,959 2,319,282

Administrative expenses (2,266,757 ) (2,103,630 )
OPERATING PROFIT 4 396,202 215,652

Interest receivable and similar income 2,859 -
399,061 215,652

Interest payable and similar expenses (9,408 ) (14,734 )
PROFIT BEFORE TAXATION 389,653 200,918

Tax on profit (91,926 ) (94,907 )
PROFIT FOR THE FINANCIAL YEAR 297,727 106,011

WELLDATA LTD (REGISTERED NUMBER: 03728729)

BALANCE SHEET
30 NOVEMBER 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 41,540 44,338

CURRENT ASSETS
Debtors 6 331,248 347,893
Cash at bank 551,185 248,721
882,433 596,614
CREDITORS
Amounts falling due within one year 7 334,386 306,648
NET CURRENT ASSETS 548,047 289,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

589,587

334,304

CREDITORS
Amounts falling due after more than one
year

8

422,568

265,012
NET ASSETS 167,019 69,292

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 166,919 69,192
SHAREHOLDERS' FUNDS 167,019 69,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 8 April 2024 and were signed by:





P I Clayton - Director


WELLDATA LTD (REGISTERED NUMBER: 03728729)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Welldata Ltd 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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost

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.

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.

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 26 (2022 - 25 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

30/11/23 30/11/22
£    £   
Depreciation - owned assets 12,381 14,779

WELLDATA LTD (REGISTERED NUMBER: 03728729)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 471,543
Additions 9,583
At 30 November 2023 481,126
DEPRECIATION
At 1 December 2022 427,205
Charge for year 12,381
At 30 November 2023 439,586
NET BOOK VALUE
At 30 November 2023 41,540
At 30 November 2022 44,338

6. DEBTORS
30/11/23 30/11/22
£    £   
Amounts falling due within one year:
Trade debtors 325,387 338,162
Other debtors 5,861 8,912
331,248 347,074

Amounts falling due after more than one year:
Other debtors - 819

Aggregate amounts 331,248 347,893

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans and overdrafts 53,601 51,175
Trade creditors 9,116 13,154
Taxation and social security 260,588 238,345
Other creditors 11,081 3,974
334,386 306,648

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/23 30/11/22
£    £   
Bank loans 43,213 85,605
Amounts owed to associates 379,355 179,407
422,568 265,012

WELLDATA LTD (REGISTERED NUMBER: 03728729)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

9. RELATED PARTY DISCLOSURES

At the year end there was an amount of £379,355 (2022 £179,407) to Chapel Mill Holdings Ltd a connect company.