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REGISTERED NUMBER: 01879260 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

WELLBEING INSURANCE LTD

WELLBEING INSURANCE LTD (REGISTERED NUMBER: 01879260)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WELLBEING INSURANCE LTD

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTOR: N G Wissett-Warner





SECRETARY: J M Wissett-Warner





REGISTERED OFFICE: 140A Tachbrook Street
London
SW1V 2NE





REGISTERED NUMBER: 01879260 (England and Wales)





ACCOUNTANTS: Saunders Wood & Co.
Chartered Accountants
140A Tachbrook Street
London SW1V 2NE

WELLBEING INSURANCE LTD (REGISTERED NUMBER: 01879260)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,746 46,391

CURRENT ASSETS
Debtors 5 15,457 33,912
Cash at bank 64,574 85,213
80,031 119,125
CREDITORS
Amounts falling due within one year 6 19,534 32,978
NET CURRENT ASSETS 60,497 86,147
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,243

132,538

CREDITORS
Amounts falling due after more than one
year

7

33,433

42,305
NET ASSETS 61,810 90,233

CAPITAL AND RESERVES
Called up share capital 8 30,000 30,000
Retained earnings 9 31,810 60,233
SHAREHOLDERS' FUNDS 61,810 90,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

WELLBEING INSURANCE LTD (REGISTERED NUMBER: 01879260)

BALANCE SHEET - continued
31 May 2024


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 29 July 2024 and were signed by:





N G Wissett-Warner - Director


WELLBEING INSURANCE LTD (REGISTERED NUMBER: 01879260)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Wellbeing Insurance 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.
Short leasehold - in accordance with the property lease
Furniture and Equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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 7 (2023 - 7 ) .

WELLBEING INSURANCE LTD (REGISTERED NUMBER: 01879260)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Furniture
Short and Motor
leasehold Equipment vehicles Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 2,278 78,325 41,584 122,187
DEPRECIATION
At 1 June 2023 2,084 68,514 5,198 75,796
Charge for year 97 2,452 9,096 11,645
At 31 May 2024 2,181 70,966 14,294 87,441
NET BOOK VALUE
At 31 May 2024 97 7,359 27,290 34,746
At 31 May 2023 194 9,811 36,386 46,391

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Rent Deposit 2,188 2,188
Tax 9,030 -
Other Debtors - 27,785
Prepayments 4,239 3,939
15,457 33,912

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 5,984 5,909
Hire purchase contracts 2,853 2,853
Tax 1,348 2,014
Other creditors - 1,598
Accruals 9,349 20,604
19,534 32,978

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 2-5 years 8,483 14,502
Hire purchase contracts 24,950 27,803
33,433 42,305

WELLBEING INSURANCE LTD (REGISTERED NUMBER: 01879260)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
30,000 Ordinary £ 30,000 30,000

9. RESERVES
Retained
earnings
£   

At 1 June 2023 60,233
Profit for the year 9,964
Dividends (38,387 )
At 31 May 2024 31,810