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REGISTERED NUMBER: SC436262 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

WELL ADVANCED SOLUTIONS LTD

WELL ADVANCED SOLUTIONS LTD (REGISTERED NUMBER: SC436262)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 7

WELL ADVANCED SOLUTIONS LTD

Company Information
for the Year Ended 30 November 2023







DIRECTOR: R A Graham





REGISTERED OFFICE: 14 Earlspark Road
Bieldside
Aberdeen
AB15 9BZ





REGISTERED NUMBER: SC436262 (Scotland)





ACCOUNTANTS: Enrich Tax Consultancy Ltd
4 Kingshill Park
Venture Drive
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6FL

WELL ADVANCED SOLUTIONS LTD (REGISTERED NUMBER: SC436262)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,251 22,761
Investments 5 385,027 369,190
396,278 391,951

CURRENT ASSETS
Debtors 6 85,413 74,315
Cash at bank 336,913 291,979
422,326 366,294
CREDITORS
Amounts falling due within one year 7 50,134 46,662
NET CURRENT ASSETS 372,192 319,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

768,470

711,583

PROVISIONS FOR LIABILITIES 3,752 5,487
NET ASSETS 764,718 706,096

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 4,653 4,653
Retained earnings 9 759,965 701,343
SHAREHOLDERS' FUNDS 764,718 706,096

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 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 21 August 2024 and were signed by:





R A Graham - Director


WELL ADVANCED SOLUTIONS LTD (REGISTERED NUMBER: SC436262)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Well Advanced Solutions Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

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.

Investments
Investments in shares are included at fair value.

Foreign exchange
Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction.

Balances at the year end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

WELL ADVANCED SOLUTIONS LTD (REGISTERED NUMBER: SC436262)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 134 48,370 5,494 53,998
Additions - - 916 916
At 30 November 2023 134 48,370 6,410 54,914
DEPRECIATION
At 1 December 2022 108 25,697 5,432 31,237
Charge for year 6 12,092 328 12,426
At 30 November 2023 114 37,789 5,760 43,663
NET BOOK VALUE
At 30 November 2023 20 10,581 650 11,251
At 30 November 2022 26 22,673 62 22,761

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 December 2022 369,190
Additions 24,000
Revaluations (8,163 )
At 30 November 2023 385,027
NET BOOK VALUE
At 30 November 2023 385,027
At 30 November 2022 369,190

Cost or valuation at 30 November 2023 is represented by:

Other
investments
£   
Valuation in 2016 5,816
Valuation in 2017 8,829
Valuation in 2018 (2,809 )
Valuation in 2019 12,424
Valuation in 2020 28,824
Valuation in 2021 60,101
Valuation in 2022 (33,995 )
Valuation in 2023 (8,163 )
Cost 314,000
385,027

WELL ADVANCED SOLUTIONS LTD (REGISTERED NUMBER: SC436262)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

30.11.23 30.11.22
£    £   
Cost 314,000 290,000

Fixed asset investments were valued on an open market basis on 30 November 2023 by Enrich Tax Consultancy Ltd .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 84,249 73,935
VAT 387 54
Accrued income 449 -
Prepayments 328 326
85,413 74,315

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Tax 46,921 43,486
Social security and other taxes 677 882
Other creditors 492 164
Directors' current accounts 230 229
Accrued expenses 1,814 1,901
50,134 46,662

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 December 2022 701,343 4,653 705,996
Profit for the year 138,622 138,622
Dividends (80,000 ) (80,000 )
At 30 November 2023 759,965 4,653 764,618

WELL ADVANCED SOLUTIONS LTD (REGISTERED NUMBER: SC436262)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
R A Graham
Balance outstanding at start of year (230 ) (208 )
Amounts advanced - 12
Amounts repaid - (34 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (230 ) (230 )

This loan is interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R A Graham.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Well Advanced Solutions Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Well Advanced Solutions Ltd for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Well Advanced Solutions Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Well Advanced Solutions Ltd and state those matters that we have agreed to state to the director of Well Advanced Solutions Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Well Advanced Solutions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Well Advanced Solutions Ltd. You consider that Well Advanced Solutions Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Well Advanced Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Enrich Tax Consultancy Ltd
4 Kingshill Park
Venture Drive
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6FL


21 August 2024