Registered number
09566929
The Wellbeing Crew Limited
Filleted Accounts
31 March 2024
The Wellbeing Crew Limited
Registered number: 09566929
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 18,595 24,712
Current assets
Stocks 4,700 3,000
Debtors 4 5,003 45,510
Cash at bank and in hand 9,512 9,385
19,215 57,895
Creditors: amounts falling due within one year 5 (26,318) (63,811)
Net current liabilities (7,103) (5,916)
Total assets less current liabilities 11,492 18,796
Creditors: amounts falling due after more than one year 6 (11,397) (17,769)
Net assets 95 1,027
Capital and reserves
Called up share capital 12 12
Profit and loss account 83 1,015
Shareholders' funds 95 1,027
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S J Young
Director
Approved by the board on 6 September 2024
The Wellbeing Crew Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 15% straight line
Computers 33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 38,053
Additions 298
At 31 March 2024 38,351
Depreciation
At 1 April 2023 13,341
Charge for the year 6,415
At 31 March 2024 19,756
Net book value
At 31 March 2024 18,595
At 31 March 2023 24,712
4 Debtors 2024 2023
£ £
Trade debtors - 45,510
Other debtors 5,003 -
5,003 45,510
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,371 6,371
Trade creditors 2,126 2,130
Other taxes and social security costs 15,185 28,966
Other creditors 2,636 26,344
26,318 63,811
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,397 17,769
7 Loans to directors
Interest free loans B/fwd Paid Repaid C/fwd
£ £ £ £
C S Taroni-Mulry - 2,502 - 2,502
S J Young - 2,501 - 2,501
- 5,003 - 5,003
8 Other information
The Wellbeing Crew Limited is a private company limited by shares and incorporated in England. Its registered office is:
Watling Chambers West Suite
Watling Street
Cannock
WS11 0BD
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