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Registered Number: 09197147


 

 

 

THE WELCOME GROUP LONDON LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 September 2022

End date: 31 August 2023
Report to the directors on the preparation of the unaudited statutory accounts of THE WELCOME GROUP LONDON LIMITED for the year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of THE WELCOME GROUP LONDON LIMITED for the year ended 31 August 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity 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://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of THE WELCOME GROUP LONDON LIMITED, as a body, in accordance with the terms of our engagement letter dated 30 August 2024 Our work has been undertaken solely to prepare for your approval the accounts of THE WELCOME GROUP LONDON LIMITED and state those matters that we have agreed to state to the Board of Directors of THE WELCOME GROUP LONDON LIMITED, as a body, 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 WELCOME GROUP LONDON LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that THE WELCOME GROUP LONDON LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of THE WELCOME GROUP LONDON LIMITED. You consider that THE WELCOME GROUP LONDON LIMITED 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 accounts of THE WELCOME GROUP LONDON LIMITED. 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 accounts
31 August 2023



....................................................

MAG ACCOUNTANTS LIMITED

4-York House,
Langston Road
Loughton
IG10 3TQ
30 August 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 27,334    35,518 
27,334    35,518 
Current assets      
Debtors: amounts falling due within one year 2,504    150 
Cash at bank and in hand 329    1 
2,833    151 
Creditors: amount falling due within one year (173,815)   (138,788)
Net current assets (170,982)   (138,637)
 
Total assets less current liabilities (143,648)   (103,119)
Creditors: amount falling due after more than one year (48,208)   (50,000)
Net assets (191,856)   (153,119)
 

Capital and reserves
     
Called up share capital 4 1    1 
Profit and loss account (191,857)   (153,120)
Shareholders' funds (191,856)   (153,119)
 


For the year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 30 August 2024 and were signed on its behalf by:


-------------------------------
Mr Vamsi Krishna KATTULA
Director
2
General Information
THE WELCOME GROUP LONDON LIMITED is a private company, limited by shares, registered in , registration number 09197147, registration address THE COMPASSES, 50 STATION ROAD GOMSHALL, Wellingborough, GU5 9LA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 10% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 3 (2022 : 3).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 September 2022 81,842    81,842 
Additions  
Disposals  
At 31 August 2023 81,842    81,842 
Depreciation
At 01 September 2022 46,324    46,324 
Charge for year 8,184    8,184 
On disposals  
At 31 August 2023 54,508    54,508 
Net book values
Closing balance as at 31 August 2023 27,334    27,334 
Opening balance as at 01 September 2022 35,518    35,518 


4.

Share Capital

Authorised
1 Class A share of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
1 Class A share of £1.00 each  
 

3