4 false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2021 - FRS102_2021 17,374 1,867 1,551 3,418 13,956 15,507 xbrli:pure xbrli:shares iso4217:GBP 12327603 2022-12-01 2023-11-30 12327603 2023-11-30 12327603 2022-11-30 12327603 2021-12-01 2022-11-30 12327603 2022-11-30 12327603 core:NetGoodwill 2022-12-01 2023-11-30 12327603 core:FurnitureFittings 2022-12-01 2023-11-30 12327603 bus:Director3 2022-12-01 2023-11-30 12327603 core:NetGoodwill 2022-11-30 12327603 core:NetGoodwill 2023-11-30 12327603 core:LandBuildings core:LongLeaseholdAssets 2022-11-30 12327603 core:FurnitureFittings 2022-11-30 12327603 core:LandBuildings core:LongLeaseholdAssets 2023-11-30 12327603 core:FurnitureFittings 2023-11-30 12327603 core:WithinOneYear 2023-11-30 12327603 core:WithinOneYear 2022-11-30 12327603 core:ShareCapital 2023-11-30 12327603 core:ShareCapital 2022-11-30 12327603 core:RetainedEarningsAccumulatedLosses 2023-11-30 12327603 core:RetainedEarningsAccumulatedLosses 2022-11-30 12327603 core:NetGoodwill 2022-11-30 12327603 core:LandBuildings core:LongLeaseholdAssets 2022-11-30 12327603 core:FurnitureFittings 2022-11-30 12327603 bus:SmallEntities 2022-12-01 2023-11-30 12327603 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 12327603 bus:FullAccounts 2022-12-01 2023-11-30 12327603 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 12327603 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12327603 core:OfficeEquipment 2022-12-01 2023-11-30 12327603 core:OfficeEquipment 2022-11-30 12327603 core:OfficeEquipment 2023-11-30
COMPANY REGISTRATION NUMBER: 12327603
Total Wellness Solutions Ltd
Filleted Unaudited Financial Statements
30 November 2023
Total Wellness Solutions Ltd
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
Fixed assets
Intangible assets
5
13,956
15,507
Tangible assets
6
174,021
183,528
---------
---------
187,977
199,035
Current assets
Debtors
7
10,743
Cash at bank and in hand
94,495
54,434
---------
--------
105,238
54,434
Creditors: amounts falling due within one year
8
294,630
262,731
---------
---------
Net current liabilities
189,392
208,297
---------
---------
Total assets less current liabilities
( 1,415)
( 9,262)
-------
-------
Net liabilities
( 1,415)
( 9,262)
-------
-------
Capital and reserves
Called up share capital
3
3
Profit and loss account
( 1,418)
( 9,265)
-------
-------
Shareholders deficit
( 1,415)
( 9,262)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Total Wellness Solutions Ltd
Statement of Financial Position (continued)
30 November 2023
These financial statements were approved by the board of directors and authorised for issue on 16 July 2024 , and are signed on behalf of the board by:
Mr G Sotiri
Director
Company registration number: 12327603
Total Wellness Solutions Ltd
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First FLoor Lumiere, Elstree Way, Borehamwood, WD6 1JH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
10% reducing balance
Equipment
-
20% reducing balance
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 4 ).
5. Intangible assets
Goodwill
£
Cost
At 1 December 2022 and 30 November 2023
17,374
--------
Amortisation
At 1 December 2022
1,867
Charge for the year
1,551
--------
At 30 November 2023
3,418
--------
Carrying amount
At 30 November 2023
13,956
--------
At 30 November 2022
15,507
--------
6. Tangible assets
Long leasehold property
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 December 2022
34,412
159,976
4,583
198,971
Additions
2,785
4,081
6,866
--------
---------
-------
---------
At 30 November 2023
34,412
162,761
8,664
205,837
--------
---------
-------
---------
Depreciation
At 1 December 2022
14,527
916
15,443
Charge for the year
14,823
1,550
16,373
--------
---------
-------
---------
At 30 November 2023
29,350
2,466
31,816
--------
---------
-------
---------
Carrying amount
At 30 November 2023
34,412
133,411
6,198
174,021
--------
---------
-------
---------
At 30 November 2022
34,412
145,449
3,667
183,528
--------
---------
-------
---------
7. Debtors
2023
2022
£
£
Other debtors
10,743
--------
----
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
91,800
Social security and other taxes
1,522
2,570
Other creditors
201,308
260,161
---------
---------
294,630
262,731
---------
---------
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Balance brought forward and outstanding
2023
2022
£
£