Company Registration No. 07128547 (England and Wales)
Lower Wellgate Ltd
Unaudited accounts
for the year ended 31 January 2024
Lower Wellgate Ltd
Unaudited accounts
Contents
Lower Wellgate Ltd
Company Information
for the year ended 31 January 2024
Company Number
07128547 (England and Wales)
Registered Office
WESTHOLME BEECHTHORPE AVENUE
WADDINGTON
CLITHEROE
LANCASHIRE
BB7 3HT
Accountants
JJL Accountants Limited
97 Ribchester Road
Clayton le Dale
Blackburn
Lancashire
BB1 9HT
Lower Wellgate Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
69,500
74,500
Cash at bank and in hand
12,288
9,818
Creditors: amounts falling due within one year
(85,747)
(88,804)
Net current liabilities
(73,459)
(78,986)
Net liabilities
(3,959)
(4,486)
Called up share capital
397
397
Profit and loss account
(4,356)
(4,883)
Shareholders' funds
(3,959)
(4,486)
For the year ending 31 January 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 October 2024 and were signed on its behalf by
K Swales
Director
Company Registration No. 07128547
Lower Wellgate Ltd
Notes to the Accounts
for the year ended 31 January 2024
Lower Wellgate Ltd is a private company, limited by shares, registered in England and Wales, registration number 07128547. The registered office is WESTHOLME BEECHTHORPE AVENUE, WADDINGTON, CLITHEROE, LANCASHIRE, BB7 3HT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line over 25 years
4
Tangible fixed assets
Land & buildings
At 1 February 2023
125,000
At 31 January 2024
125,000
Lower Wellgate Ltd
Notes to the Accounts
for the year ended 31 January 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,531
1,388
Loans from directors
83,903
87,103
Allotted, called up and fully paid:
397 Ordinary shares of £1 each
397
397
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).