WELL BEGUN LIMITED

Company Registration Number:
07138702 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

WELL BEGUN LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

WELL BEGUN LIMITED

Company Information

for the Period Ended 31 January 2024




Director: M Gower
L Gower
Registered office: 7a Abbey Business Park
Monks Walk
Farnham
Surrey
GBR
GU9 8HT
Company Registration Number: 07138702 (England and Wales)

WELL BEGUN LIMITED

Balance sheet

As at 31 January 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 0 93
Total fixed assets: 0 93
Current assets
Debtors: 352
Cash at bank and in hand: 177
Total current assets: 529
Creditors: amounts falling due within one year: ( 84,082 ) ( 80,663 )
Net current assets (liabilities): ( 84,082 ) ( 80,134 )
Total assets less current liabilities: ( 84,082 ) ( 80,041 )
Total net assets (liabilities): ( 84,082 ) ( 80,041 )

The notes form part of these financial statements

WELL BEGUN LIMITED

Balance sheet continued

As at 31 January 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 84,182 ) ( 80,141 )
Shareholders funds: ( 84,082 ) ( 80,041 )

For the year ending 31 January 2024 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 8 July 2024
And Signed On Behalf Of The Board By:

Name: M Gower
Status: Director

The notes form part of these financial statements

WELL BEGUN LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.
    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
    Office equipment - 33.33% on cost

    Other accounting policies

    The financial statements have been prepared on a going concern basis, which the directors consider to be appropriate, as they have agreed not to withdraw their loan account and to provide the necessary finance to enable the company to meet its liabilities as they fall due. The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss. Taxation for the year comprises current 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. Consideration is given to whether deferred tax should be provided in respect of material timing differences which have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits. Current tax assets and liabilities are not discounted and are 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.

WELL BEGUN LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 2

WELL BEGUN LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 3. Off balance sheet disclosure

    No

WELL BEGUN LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible Assets

Total
Cost £
At 01 February 2023 4,241
Additions -
Disposals -
Revaluations -
Transfers -
At 31 January 2024 4,241
Depreciation
At 01 February 2023 4,148
Charge for year 93
On disposals -
Other adjustments -
At 31 January 2024 4,241
Net book value
At 31 January 2024 0
At 31 January 2023 93