IRIS Accounts Production v24.2.0.383 SC564656 Board of Directors Board of Directors Board of Directors Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false Ordinary 1.00000 Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 Ordinary D 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5646562023-04-30SC5646562024-04-30SC5646562023-05-012024-04-30SC5646562022-04-30SC5646562022-05-012023-04-30SC5646562023-04-30SC564656ns15:Scotland2023-05-012024-04-30SC564656ns14:PoundSterling2023-05-012024-04-30SC564656ns10:Director12023-05-012024-04-30SC564656ns10:Director22023-05-012024-04-30SC564656ns10:Director32023-05-012024-04-30SC564656ns10:Director42023-05-012024-04-30SC564656ns10:PrivateLimitedCompanyLtd2023-05-012024-04-30SC564656ns10:SmallEntities2023-05-012024-04-30SC564656ns10:AuditExemptWithAccountantsReport2023-05-012024-04-30SC564656ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-30SC564656ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-30SC564656ns10:FullAccounts2023-05-012024-04-30SC56465612023-05-012024-04-30SC564656ns10:OrdinaryShareClass12023-05-012024-04-30SC564656ns10:OrdinaryShareClass22023-05-012024-04-30SC564656ns10:OrdinaryShareClass32023-05-012024-04-30SC564656ns10:OrdinaryShareClass42023-05-012024-04-30SC564656ns10:OrdinaryShareClass52023-05-012024-04-30SC564656ns10:RegisteredOffice2023-05-012024-04-30SC564656ns5:CurrentFinancialInstruments2024-04-30SC564656ns5:CurrentFinancialInstruments2023-04-30SC564656ns5:ShareCapital2024-04-30SC564656ns5:ShareCapital2023-04-30SC564656ns5:RetainedEarningsAccumulatedLosses2024-04-30SC564656ns5:RetainedEarningsAccumulatedLosses2023-04-30SC564656ns5:PatentsTrademarksLicencesConcessionsSimilar2023-05-012024-04-30SC564656ns5:PlantMachinery2023-05-012024-04-30SC564656ns5:FurnitureFittings2023-05-012024-04-30SC564656ns5:MotorVehicles2023-05-012024-04-30SC564656ns5:ComputerEquipment2023-05-012024-04-30SC564656ns5:IntangibleAssetsOtherThanGoodwill2023-04-30SC564656ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-30SC564656ns5:IntangibleAssetsOtherThanGoodwill2024-04-30SC564656ns5:IntangibleAssetsOtherThanGoodwill2023-04-30SC564656ns5:PlantMachinery2023-04-30SC564656ns5:FurnitureFittings2023-04-30SC564656ns5:MotorVehicles2023-04-30SC564656ns5:ComputerEquipment2023-04-30SC564656ns5:PlantMachinery2024-04-30SC564656ns5:FurnitureFittings2024-04-30SC564656ns5:MotorVehicles2024-04-30SC564656ns5:ComputerEquipment2024-04-30SC564656ns5:PlantMachinery2023-04-30SC564656ns5:FurnitureFittings2023-04-30SC564656ns5:MotorVehicles2023-04-30SC564656ns5:ComputerEquipment2023-04-30SC564656ns5:AdditionsToInvestments2024-04-30SC564656ns5:CostValuation2024-04-30SC564656ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-30SC564656ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30SC564656ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-30SC564656ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30SC564656ns5:WithinOneYear2024-04-30SC564656ns5:WithinOneYear2023-04-30SC564656ns5:BetweenOneFiveYears2024-04-30SC564656ns5:BetweenOneFiveYears2023-04-30SC564656ns5:AllPeriods2024-04-30SC564656ns5:AllPeriods2023-04-30SC564656ns5:DeferredTaxation2023-04-30SC564656ns5:DeferredTaxation2023-05-012024-04-30SC564656ns5:DeferredTaxation2024-04-30SC564656ns10:OrdinaryShareClass12024-04-30SC564656ns10:OrdinaryShareClass22024-04-30SC564656ns10:OrdinaryShareClass32024-04-30SC564656ns10:OrdinaryShareClass42024-04-30SC564656ns10:OrdinaryShareClass52024-04-30SC564656ns10:Director222023-04-30SC564656ns10:Director222022-04-30SC564656ns10:Director222023-05-012024-04-30SC564656ns10:Director222022-05-012023-04-30SC564656ns10:Director222024-04-30SC564656ns10:Director222023-04-30SC5646561ns10:Director12023-04-30SC5646561ns10:Director12022-04-30SC5646561ns10:Director12023-05-012024-04-30SC5646561ns10:Director12022-05-012023-04-30SC5646561ns10:Director12024-04-30SC5646561ns10:Director12023-04-30SC564656ns10:Director332023-04-30SC564656ns10:Director332022-04-30SC564656ns10:Director332023-05-012024-04-30SC564656ns10:Director332022-05-012023-04-30SC564656ns10:Director332024-04-30SC564656ns10:Director332023-04-30SC564656ns10:Director442023-04-30SC564656ns10:Director442022-04-30SC564656ns10:Director442023-05-012024-04-30SC564656ns10:Director442022-05-012023-04-30SC564656ns10:Director442024-04-30SC564656ns10:Director442023-04-30
REGISTERED NUMBER: SC564656 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

WELLVENE LIMITED

WELLVENE LIMITED (REGISTERED NUMBER: SC564656)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

WELLVENE LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: B M Larkins
M Fraser
C Parley
A Stewart





REGISTERED OFFICE: C/o Acumen Accountants & Advisors Ltd
Bankhead Drive, City South Office Park
Portlethen
Aberdeen
AB12 4XX





REGISTERED NUMBER: SC564656 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

WELLVENE LIMITED (REGISTERED NUMBER: SC564656)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 873 976
Tangible assets 5 1,052,127 1,203,155
Investments 6 5,510 -
1,058,510 1,204,131

CURRENT ASSETS
Stocks 7 188,141 52,404
Debtors 8 766,104 765,892
Cash at bank 1,900,913 1,345,689
2,855,158 2,163,985
CREDITORS
Amounts falling due within one year 9 1,186,781 618,336
NET CURRENT ASSETS 1,668,377 1,545,649
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,726,887

2,749,780

PROVISIONS FOR LIABILITIES 11 262,856 300,789
NET ASSETS 2,464,031 2,448,991

CAPITAL AND RESERVES
Called up share capital 12 1,000 1,000
Retained earnings 2,463,031 2,447,991
SHAREHOLDERS' FUNDS 2,464,031 2,448,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

WELLVENE LIMITED (REGISTERED NUMBER: SC564656)

BALANCE SHEET - continued
30 April 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:




B M Larkins - Director M Fraser - Director




C Parley - Director A Stewart - Director


WELLVENE LIMITED (REGISTERED NUMBER: SC564656)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Wellvene Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Licences are being amortised evenly over their estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 25% reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred 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 or deferred taxation assets and liabilities are not discounted.

Current tax is 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.

Deferred tax
Deferred tax is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 16 ) .

WELLVENE LIMITED (REGISTERED NUMBER: SC564656)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 1,037
AMORTISATION
At 1 May 2023 61
Charge for year 103
At 30 April 2024 164
NET BOOK VALUE
At 30 April 2024 873
At 30 April 2023 976

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 1,806,470 23,882 38,859 29,595 1,898,806
Additions 170,806 4,092 - 8,390 183,288
Disposals (2,875 ) - - - (2,875 )
At 30 April 2024 1,974,401 27,974 38,859 37,985 2,079,219
DEPRECIATION
At 1 May 2023 640,805 14,558 21,319 18,969 695,651
Charge for year 315,024 5,295 4,385 7,635 332,339
Eliminated on disposal (898 ) - - - (898 )
At 30 April 2024 954,931 19,853 25,704 26,604 1,027,092
NET BOOK VALUE
At 30 April 2024 1,019,470 8,121 13,155 11,381 1,052,127
At 30 April 2023 1,165,665 9,324 17,540 10,626 1,203,155

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 5,510
At 30 April 2024 5,510
NET BOOK VALUE
At 30 April 2024 5,510

WELLVENE LIMITED (REGISTERED NUMBER: SC564656)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

7. STOCKS
2024 2023
£    £   
Stocks 20,163 20,715
Work-in-progress 167,978 31,689
188,141 52,404

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 446,825 700,506
Amounts owed by group undertakings 147,749 5,400
Other debtors 171,530 59,986
766,104 765,892

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) - 1,960
Trade creditors 251,018 419,998
Taxation and social security 324,348 184,000
Other creditors 611,415 12,378
1,186,781 618,336

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year - 1,960

Non-cancellable operating leases
2024 2023
£    £   
Within one year 60,400 60,800
Between one and five years 64,667 125,049
125,067 185,849

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 262,856 300,789

Deferred
tax
£   
Balance at 1 May 2023 300,789
Provided during year (37,933 )
Balance at 30 April 2024 262,856

WELLVENE LIMITED (REGISTERED NUMBER: SC564656)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
800 Ordinary £1 800 800
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
50 Ordinary C £1 50 50
50 Ordinary D £1 50 50
1,000 1,000

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
M Fraser
Balance outstanding at start of year (323 ) (78 )
Amounts advanced - 565
Amounts repaid - (810 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (323 ) (323 )

B M Larkins
Balance outstanding at start of year 9,238 8,779
Amounts advanced - 10,631
Amounts repaid (9,238 ) (10,172 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,238

C Parley
Balance outstanding at start of year (394 ) 9,839
Amounts advanced - 527
Amounts repaid - (10,760 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (394 ) (394 )

A Stewart
Balance outstanding at start of year - 266
Amounts advanced - 544
Amounts repaid - (810 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

These loans are interest free and have no fixed repayment terms.

14. RELATED PARTY DISCLOSURES

As at 30 April 2024, there is a loan balance of £147,750 (2023: £5,400) outstanding due from a company that is owned and controlled by Wellvene Limited.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WELLVENE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wellvene Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet, 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://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Wellvene Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wellvene Limited and state those matters that we have agreed to state to the Board of Directors of Wellvene 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 company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Wellvene Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wellvene Limited. You consider that Wellvene 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 financial statements of Wellvene 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 financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


25 September 2024