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Registered Number: 13333224
England and Wales

 

 

 

WELLNESS CAPITAL LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 May 2023

End date: 30 April 2024
Directors Mr A Panayiotou
Mr A M Pritchard
Registered Number 13333224
Registered Office Windfall House D1, The Courtyard
Alban Park, St Albans
Hertfordshire
AL4 0LA
Accountants Windfall Accounting LLP
Windfall House, D1 The Courtyard
Alban Park, St Albans
AL4 0LA
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 80,000    90,000 
80,000    90,000 
Current assets      
Stocks 4 232,882    218,242 
Debtors 5 50,483    208,060 
Cash at bank and in hand 464    45,839 
283,829    472,141 
Creditors: amount falling due within one year 6 (464,470)   (555,817)
Net current assets (180,641)   (83,676)
 
Total assets less current liabilities (100,641)   6,324 
Net assets (100,641)   6,324 
 

Capital and reserves
     
Called up share capital 400    400 
Profit and loss account (101,041)   5,924 
Shareholders' funds (100,641)   6,324 
 


For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 14 October 2024 and were signed on its behalf by:


-------------------------------
Mr A Panayiotou
Director
2
General Information
Wellness Capital Limited is a private company, limited by shares, registered in England and Wales, registration number 13333224, registration address Windfall House D1, The Courtyard, Alban Park, St Albans, Hertfordshire, AL4 0LA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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.

Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 May 2023 100,000    100,000 
Additions  
Disposals  
At 30 April 2024 100,000    100,000 
Amortisation
At 01 May 2023 10,000    10,000 
Charge for year 10,000    10,000 
On disposals  
At 30 April 2024 20,000    20,000 
Net book values
At 30 April 2024 80,000    80,000 
At 30 April 2023 90,000    90,000 


4.

Stocks

2024
£
  2023
£
Stocks 232,882    218,242 
232,882    218,242 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 34,485    160,816 
Amount due from related company 4,180   
Prepayments & Accrued Income 8,083   
Corporation Tax 3,735   
VAT   47,244 
50,483    208,060 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 295,196    244,490 
Corporation Tax   3,735 
Accrued Expenses 48,998    55,419 
Other Creditors 61,923    78,255 
Amount due to Related Company 54    123,918 
Directors' Current Accounts 50,000    50,000 
VAT 8,299   
464,470    555,817 

7.

Related Party Transactions

Creditors due within one year includes an interest free amount of £50,000 (2023 - 50,000) due to the directors. This loan is repayable on demand.


Debtors due within one year includes an interest free amount of £4,180 (2023 - £Nil) due from related company in which the director has controlling interest. This loan is repayable on demand. 


Creditors due within 1 year includes an interest free amount £54 (2023 - £123,918) due to the related company in which the director has controlling interest.





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