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REGISTERED NUMBER: 14162302 (England and Wales)















WELLFIELD BARLOW LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 9 JUNE 2022 TO 30 JUNE 2023






WELLFIELD BARLOW LTD (REGISTERED NUMBER: 14162302)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 9 JUNE 2022 TO 30 JUNE 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


WELLFIELD BARLOW LTD (REGISTERED NUMBER: 14162302)

BALANCE SHEET
30 JUNE 2023

Notes £   
Fixed assets
Intangible assets 4 397,018
Tangible assets 5 2,908
399,926

Current assets
Stocks 24,258
Debtors 6 211,315
Cash at bank 68,469
304,042
Creditors
Amounts falling due within one year 7 (642,657 )
Net current liabilities (338,615 )
Total assets less current liabilities 61,311

Provisions for liabilities (727 )
Net assets 60,584

Capital and reserves
Called up share capital 100
Retained earnings 60,484
60,584

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WELLFIELD BARLOW LTD (REGISTERED NUMBER: 14162302)

BALANCE SHEET - continued
30 JUNE 2023


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 director and authorised for issue on 28 October 2024 and were signed by:





Mr Safraz Shafqat - Director


WELLFIELD BARLOW LTD (REGISTERED NUMBER: 14162302)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 9 JUNE 2022 TO 30 JUNE 2023


1. Statutory information

Wellfield Barlow Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14162302

Registered office: Floor 1, Unit A, Madison Place
Northampton Road
Manchester
M40 5AG

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant & machinery25% straight line method

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

Taxation
Taxation for the period 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.


WELLFIELD BARLOW LTD (REGISTERED NUMBER: 14162302)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 9 JUNE 2022 TO 30 JUNE 2023


2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and 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.

3. Employees and directors

The average number of employees during the period was 6 .

4. Intangible fixed assets
Goodwill
£   
Cost
Additions 410,708
At 30 June 2023 410,708
Amortisation
Charge for period 13,690
At 30 June 2023 13,690
Net book value
At 30 June 2023 397,018

5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
Additions 3,172
At 30 June 2023 3,172
Depreciation
Charge for period 264
At 30 June 2023 264
Net book value
At 30 June 2023 2,908

WELLFIELD BARLOW LTD (REGISTERED NUMBER: 14162302)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 9 JUNE 2022 TO 30 JUNE 2023


6. Debtors: amounts falling due within one year
£   
Trade debtors 145,103
Other debtors 66,212
211,315

7. Creditors: amounts falling due within one year
£   
Trade creditors 104,717
Taxation and social security 20,752
Other creditors 517,188
642,657

8. Parent undertaking and related parties

The immediate and ultimate parent undertaking and controlling party is Kingsmann Holdings Ltd. At the year-end, an amount of £250 was owed to Kingsmann Holdings by Wellfield Barlow Ltd.

Wellfield Healthcare Ltd is another subsidiary of Kingsmann Holdings Ltd. At the year-end, Wellfield Barlow Ltd owed Wellfield Healthcare Ltd £503,408.