WELLQUICK LTD

Company Registration Number:
03864871 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

WELLQUICK LTD

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

WELLQUICK LTD

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 406,218 406,945
Total fixed assets: 406,218 406,945
Current assets
Debtors:   74,182 80,211
Cash at bank and in hand: 47,185 76,563
Total current assets: 121,367 156,774
Creditors: amounts falling due within one year:   (24,296) (67,217)
Net current assets (liabilities): 97,071 89,557
Total assets less current liabilities: 503,289 496,502
Creditors: amounts falling due after more than one year:   (46,317) (61,667)
Total net assets (liabilities): 456,972 434,835
Capital and reserves
Called up share capital: 1,000 1,000
Other reserves: 40,000 40,000
Profit and loss account: 415,972 393,835
Shareholders funds: 456,972 434,835

The notes form part of these financial statements

WELLQUICK LTD

Balance sheet statements

For the year ending 30 November 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 29 August 2024
and signed on behalf of the board by:

Name: Mrs Colleen Hubbard
Status: Director

The notes form part of these financial statements

WELLQUICK LTD

Notes to the Financial Statements

for the Period Ended 30 November 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

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. 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: Plant and machinery - 25% reducing balance Fittings fixtures and equipment - 25% reducing balance If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Other accounting policies

Taxation Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Impairment A review of indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

WELLQUICK LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 12 13

WELLQUICK LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 442,783
At 30 November 2023 442,783
Depreciation
At 01 December 2022 35,838
Charge for year 727
At 30 November 2023 36,565
Net book value
At 30 November 2023 406,218
At 30 November 2022 406,945

The company's bank loan and overdraft are secured by a fixed and floating charge over the assets of the company.

WELLQUICK LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Related party transactions

The controlling party is Mrs C Hubbard by virtue of her ownership of 100% of the issued ordinary share capital in the company.