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REGISTERED NUMBER: 12477853 (England and Wales)














Unaudited Financial Statements

for the Year Ended 29 February 2024

for

WelRo Ltd

WelRo Ltd (Registered number: 12477853)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WelRo Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: G Weli
Mrs N J Roff-Weli





REGISTERED OFFICE: 20 Anvil Way
Newmarket
Suffolk
CB8 8GY





REGISTERED NUMBER: 12477853 (England and Wales)





ACCOUNTANTS: Emmerson Accountancy Ltd
Atlantic Business Centre
Atlantic Street
Altrincham
Cheshire
WA14 5NQ

WelRo Ltd (Registered number: 12477853)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
CURRENT ASSETS
Stocks 220,000 220,000
Cash at bank 21,553 23,174
241,553 243,174
CREDITORS
Amounts falling due within one year 4 130,121 131,121
NET CURRENT ASSETS 111,432 112,053
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,432

112,053

CREDITORS
Amounts falling due after more than one year 5 119,781 119,781
NET LIABILITIES (8,349 ) (7,728 )

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 7 (8,351 ) (7,730 )
SHAREHOLDERS' FUNDS (8,349 ) (7,728 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

WelRo Ltd (Registered number: 12477853)

Balance Sheet - continued
29 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2024 and were signed on its behalf by:




G Weli - Director



Mrs N J Roff-Weli - Director


WelRo Ltd (Registered number: 12477853)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

WelRo Ltd 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.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Directors' current accounts 129,521 130,521
Accrued expenses 600 600
130,121 131,121

WelRo Ltd (Registered number: 12477853)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans more 5 yr by instal 119,781 119,781

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 119,781 119,781

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
2 Ordinary 1 2 2

7. RESERVES
Retained
earnings
£   

At 1 March 2023 (7,730 )
Deficit for the year (621 )
At 29 February 2024 (8,351 )