WELLOLA LIMITED

Company Registration Number:
11899432 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

WELLOLA LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

WELLOLA LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 0 21,300
Tangible assets: 4 629 982
Investments:   0 0
Total fixed assets: 629 22,282
Current assets
Stocks: 0 0
Debtors:   139,034 103,472
Cash at bank and in hand: 171 4,867
Investments:   0 0
Total current assets: 139,205 108,339
Creditors: amounts falling due within one year:   (278,724) (347,100)
Net current assets (liabilities): (139,519) (238,761)
Total assets less current liabilities: (138,890) (216,479)
Creditors: amounts falling due after more than one year:   (339,717) (72,417)
Provision for liabilities: 0 0
Total net assets (liabilities): (478,607) (288,896)
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: (478,707) (288,996)
Shareholders funds: (478,607) (288,896)

The notes form part of these financial statements

WELLOLA LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 May 2024
and signed on behalf of the board by:

Name: SONIA NEARY
Status: Director

The notes form part of these financial statements

WELLOLA LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

WELLOLA LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

WELLOLA LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 21,300
Additions 0
Disposals 0
Revaluations 0
Transfers (21,300)
At 31 December 2023 0
Amortisation
At 01 January 2023 0
Charge for year 0
On disposals 0
Other adjustments 0
At 31 December 2023 0
Net book value
At 31 December 2023 0
At 31 December 2022 21,300

WELLOLA LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 1,070
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2023 1,070
Depreciation
At 01 January 2023 88
Charge for year 353
On disposals 0
Other adjustments 0
At 31 December 2023 441
Net book value
At 31 December 2023 629
At 31 December 2022 982

WELLOLA LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Related party transactions

Name of the related party: Physiolinked Limited
Relationship:
Parent Company
Description of the Transaction: At 31st December 2023, Wellola Limited owes £31,047 to its parent company Physiolinked Limited.
£
Balance at 01 January 2023 0
Balance at 31 December 2023 31,047