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REGISTERED NUMBER: 05533922 (England and Wales)










WELLMUN CARE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






WELLMUN CARE LIMITED (REGISTERED NUMBER: 05533922)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WELLMUN CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr M L Wellington
Mrs R Wellington





REGISTERED OFFICE: Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB





REGISTERED NUMBER: 05533922 (England and Wales)





ACCOUNTANTS: Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB

WELLMUN CARE LIMITED (REGISTERED NUMBER: 05533922)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 200,000 200,000
Tangible assets 5 1,747,709 1,712,156
1,947,709 1,912,156

CURRENT ASSETS
Debtors 6 102,696 124,362
Cash at bank and in hand 197,542 205,373
300,238 329,735
CREDITORS
Amounts falling due within one year 7 (181,408 ) (165,057 )
NET CURRENT ASSETS 118,830 164,678
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,066,539

2,076,834

CREDITORS
Amounts falling due after more than one
year

8

(990,394

)

(1,010,607

)

PROVISIONS FOR LIABILITIES (15,220 ) (12,842 )
NET ASSETS 1,060,925 1,053,385

CAPITAL AND RESERVES
Called up share capital 9 106 106
Retained earnings 10 1,060,819 1,053,279
SHAREHOLDERS' FUNDS 1,060,925 1,053,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

WELLMUN CARE LIMITED (REGISTERED NUMBER: 05533922)

BALANCE SHEET - continued
31 MAY 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:





Mr M L Wellington - Director


WELLMUN CARE LIMITED (REGISTERED NUMBER: 05533922)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

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

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.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

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 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 year 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.

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 30 (2023 - 30 ) .

WELLMUN CARE LIMITED (REGISTERED NUMBER: 05533922)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 200,000
NET BOOK VALUE
At 31 May 2024 200,000
At 31 May 2023 200,000

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 June 2023 903,000 736,729 30,555
Additions - 34,973 9,460
At 31 May 2024 903,000 771,702 40,015
DEPRECIATION
At 1 June 2023 - - 14,481
Charge for year - - 5,106
At 31 May 2024 - - 19,587
NET BOOK VALUE
At 31 May 2024 903,000 771,702 20,428
At 31 May 2023 903,000 736,729 16,074

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 233,370 - 14,789 1,918,443
Additions 2,778 5,650 1,295 54,156
At 31 May 2024 236,148 5,650 16,084 1,972,599
DEPRECIATION
At 1 June 2023 183,341 - 8,465 206,287
Charge for year 10,561 1,412 1,524 18,603
At 31 May 2024 193,902 1,412 9,989 224,890
NET BOOK VALUE
At 31 May 2024 42,246 4,238 6,095 1,747,709
At 31 May 2023 50,029 - 6,324 1,712,156

WELLMUN CARE LIMITED (REGISTERED NUMBER: 05533922)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 83,114 107,099
Other debtors 15,000 15,000
Prepayments 4,582 2,263
102,696 124,362

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 40,300 34,657
Trade creditors 15,200 12,618
Tax 55,291 41,375
Net wages 1,176 -
Social security and other taxes 3,674 7,293
Pension fund 2,151 2,075
Directors' current accounts 1,896 326
Accruals and deferred income 52,113 52,663
Accrued expenses 9,607 14,050
181,408 165,057

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Atom loan 949,173 1,009,480
Creation Co Uk Loan - 1,127
LDF L93201 21,333 -
Shire leasing loan 525929 7,568 -
Shire leasing loan 531045 12,320 -
990,394 1,010,607

Amounts falling due in more than five years:

Repayable by instalments
Atom loan 949,173 1,009,480
Creation Co Uk Loan - 1,127
LDF L93201 21,333 -
Shire leasing loan 525929 7,568 -
Shire leasing loan 531045 12,320 -
990,394 1,010,607

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
106 Ordinary £1 106 106

WELLMUN CARE LIMITED (REGISTERED NUMBER: 05533922)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

10. RESERVES
Retained
earnings
£   

At 1 June 2023 1,053,279
Profit for the year 174,540
Dividends (167,000 )
At 31 May 2024 1,060,819

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within the creditors , the amount owed to directors is £1896 (2023: £326).The loan is interest free and with no fixed date of repayment.

12. RELATED PARTY DISCLOSURES

Dividends paid to the directors, Mr ML Wellington and Mrs R Wellington, in their capacity as shareholders of the company was £83,500 (2023: £69,113) and £83,500 (2023:69,112) respectively.

13. ULTIMATE CONTROLLING PARTY

Company is controlled by Mr M L Wellington and Mrs R Wellington by virtue of their joint shareholdings.