2023-04-012024-03-312024-03-31false09849083WELKIN SOLUTIONS 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WELKIN SOLUTIONS LTD

Registered Number
09849083
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

WELKIN SOLUTIONS LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

OGDEN, Stewart
OGDEN, Tanya Elizabeth

Registered Address

Welkin Cottage
Hardington Mandeville
Yeovil
BA22 9PE

Registered Number

09849083 (England and Wales)
WELKIN SOLUTIONS LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3552790
552790
Current assets
Debtors316841
Cash at bank and on hand6,2779,096
6,5939,937
Creditors amounts falling due within one year4(2,646)(2,035)
Net current assets (liabilities)3,9477,902
Total assets less current liabilities4,4998,692
Net assets4,4998,692
Capital and reserves
Called up share capital(2)(2)
Profit and loss account4,5018,694
Shareholders' funds4,4998,692
The financial statements were approved and authorised for issue by the Board of Directors on 19 July 2024, and are signed on its behalf by:
OGDEN, Stewart
Director
Registered Company No. 09849083
WELKIN SOLUTIONS LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment4
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 April 23953953
At 31 March 24953953
Depreciation and impairment
At 01 April 23163163
Charge for year238238
At 31 March 24401401
Net book value
At 31 March 24552552
At 31 March 23790790
4.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties2,208342
Taxation and social security-1,273
Accrued liabilities and deferred income438420
Total2,6462,035
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.