WELLTEL (UK) LIMITED

Company Registration Number:
NI666237 (Northern Ireland)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

WELLTEL (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

WELLTEL (UK) LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The principal activity of the company is that of a fully managed IT and business communications solutions provider. telecommunications provider.

Political and charitable donations

The company made no disclosable political donations in the current financial year.



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Ross Murray
Fintan Neville
John Quinn


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
25 September 2024

And signed on behalf of the board by:
Name: Ross Murray
Status: Director

WELLTEL (UK) LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 559,608 386,000
Cost of sales: ( 156,004 ) ( 162,000 )
Gross profit(or loss): 403,604 224,000
Distribution costs: 0 0
Administrative expenses: ( 989,000 ) ( 1,130,000 )
Operating profit(or loss): (585,396) (906,000)
Interest receivable and similar income: 1,000
Interest payable and similar charges: ( 6,000 ) ( 5,000 )
Profit(or loss) before tax: (590,396) (911,000)
Tax: 2,000 ( 10,000 )
Profit(or loss) for the financial year: (588,396) (921,000)

WELLTEL (UK) LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 626,000 229,000
Total fixed assets: 626,000 229,000
Current assets
Stocks:   0 0
Debtors: 4 553,000 684,000
Cash at bank and in hand: 297,000 147,000
Total current assets: 850,000 831,000
Creditors: amounts falling due within one year: 5 ( 2,955,000 ) ( 1,952,000 )
Net current assets (liabilities): (2,105,000) (1,121,000)
Total assets less current liabilities: (1,479,000) ( 892,000)
Total net assets (liabilities): (1,479,000) (892,000)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (1,479,001 ) (892,001 )
Total Shareholders' funds: ( 1,479,000 ) (892,000)

The notes form part of these financial statements

WELLTEL (UK) LIMITED

Balance sheet statements

For the year ending 31 December 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.

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 25 September 2024
and signed on behalf of the board by:

Name: Ross Murray
Status: Director

The notes form part of these financial statements

WELLTEL (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 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

    Turnover policy

    Revenue is recognised to the extent that it is probable that the economic benefit will flow to the company and the revenue can be reliably measured. Revenue is measures as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

WELLTEL (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 16 17

WELLTEL (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2023 245,000 245,000
Additions 490,000 490,000
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 31 December 2023 735,000 735,000
Amortisation
At 1 January 2023 16,000 16,000
Charge for year 93,000 93,000
On disposals 0 0
Other adjustments 0 0
At 31 December 2023 109,000 109,000
Net book value
At 31 December 2023 626,000 626,000
At 31 December 2022 229,000 229,000

WELLTEL (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 156,000 77,000
Prepayments and accrued income 64,000 36,000
Other debtors 333,000 571,000
Total 553,000 684,000

WELLTEL (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 24,000 74,000
Taxation and social security 49,000 91,000
Accruals and deferred income 101,000 146,000
Other creditors 2,781,000 1,641,000
Total 2,955,000 1,952,000