Acorah Software Products - Accounts Production 15.0.600 false true false 28 July 2023 31 March 2024 31 March 2024 NI699805 Dr Padraic Conroy Dr James McKee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI699805 2023-07-27 NI699805 2024-03-31 NI699805 2023-07-28 2024-03-31 NI699805 frs-core:CurrentFinancialInstruments 2024-03-31 NI699805 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 NI699805 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-28 2024-03-31 NI699805 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-27 NI699805 frs-core:ShareCapital 2024-03-31 NI699805 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI699805 frs-bus:PrivateLimitedCompanyLtd 2023-07-28 2024-03-31 NI699805 frs-bus:FilletedAccounts 2023-07-28 2024-03-31 NI699805 frs-bus:SmallEntities 2023-07-28 2024-03-31 NI699805 frs-bus:AuditExempt-NoAccountantsReport 2023-07-28 2024-03-31 NI699805 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-28 2024-03-31 NI699805 frs-bus:Director1 2023-07-28 2024-03-31 NI699805 frs-bus:Director2 2023-07-28 2024-03-31 NI699805 frs-countries:NorthernIreland 2023-07-28 2024-03-31
Registered number: NI699805
WSD Wellness Centre Ltd
Unaudited Financial Statements
For the Period 28 July 2023 to 31 March 2024
MMC Ltd
Moorefield
Lurgan
CRAIGAVON
Armagh
BT66 7NJ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: NI699805
31 March 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 18,126
18,126
CURRENT ASSETS
Debtors 5 13,374
Cash at bank and in hand 200
13,574
Creditors: Amounts Falling Due Within One Year 6 (6,359 )
NET CURRENT ASSETS (LIABILITIES) 7,215
TOTAL ASSETS LESS CURRENT LIABILITIES 25,341
NET ASSETS 25,341
CAPITAL AND RESERVES
Called up share capital 7 200
Profit and Loss Account 25,141
SHAREHOLDERS' FUNDS 25,341
For the period ending 31 March 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr James McKee
Director
29/05/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
WSD Wellness Centre Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI699805 . The registered office is 49-50 William Street, Portadown, Craigavon, BT62 3NX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold not depreciated
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 28 July 2023 -
Additions 18,126
As at 31 March 2024 18,126
Net Book Value
As at 31 March 2024 18,126
As at 28 July 2023 -
Page 2
Page 3
5. Debtors
31 March 2024
£
Due within one year
Trade debtors 13,374
6. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Other creditors 462
Taxation and social security 5,897
6,359
7. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 200
Page 3