Registered number
06235959
Wellington Square Natural Health Ltd
Filleted Accounts
31 March 2024
Wellington Square Natural Health Ltd
Registered number: 06235959
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 23,514 29,720
Current assets
Debtors 4 728 -
Cash at bank and in hand 985 1,827
1,713 1,827
Creditors: amounts falling due within one year 5 (42,952) (51,325)
Net current liabilities (41,239) (49,498)
Total assets less current liabilities (17,725) (19,778)
Creditors: amounts falling due after more than one year 6 (313,148) (319,148)
Net liabilities (330,873) (338,926)
Capital and reserves
Called up share capital 100 100
Profit and loss account (330,973) (339,026)
Shareholders' funds (330,873) (338,926)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C L Sams
Director
Approved by the board on 25 October 2024
Wellington Square Natural Health Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Building refurbishment 5% straight line
Plant and machinery 25% reducing balance
Computer equipment 33% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Building refurbish Furniture & equipment Computer equipment Total
£ £ £ £
Cost
At 1 April 2023 133,741 121,505 14,221 269,467
Additions - 1,703 - 1,703
At 31 March 2024 133,741 123,208 14,221 271,170
Depreciation
At 1 April 2023 106,992 119,201 13,554 239,747
Charge for the year 6,687 1,002 220 7,909
At 31 March 2024 113,679 120,203 13,774 247,656
Net book value
At 31 March 2024 20,062 3,005 447 23,514
At 31 March 2023 26,749 2,304 667 29,720
4 Debtors 2024 2023
£ £
Trade debtors 728 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loan account 6,000 6,000
Directors' current accounts 20,948 29,235
Trade creditors 2,694 1,723
Amounts owed to associated company 4,500 6,500
Other taxes and social security costs 380 143
Other creditors 8,430 7,724
42,952 51,325
6 Creditors: amounts falling due after one year 2024 2023
£ £
Directors' loan accounts 305,648 305,648
Bank Loan 7,500 13,500
313,148 319,148
7 Related party transactions
Office rents of £3840 (2023: £3660) were received from The Support Company, a business owned by director Craig Sams. The company paid property rents of £24,000 (2023: £24000) to director Craig Sams. The company owes £4500 (2023: £6500) to Ceres Bakery Ltd., a company owned by director Craig Sams.
8 Controlling party
The company is owned equally by the directors Craig and Josephine Sams
9 Other information
Wellington Square Natural Health Ltd is a private company limited by shares and incorporated in England. Its registered office is:
106 High Street
Hastings
East Sussex
TN34 3ES
Wellington Square Natural Health Ltd 06235959 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 C L Sams No description of principal activity 06235959 2022-04-01 2023-03-31 06235959 core:WithinOneYear 2023-03-31 06235959 core:AfterOneYear 2023-03-31 06235959 core:ShareCapital 2023-03-31 06235959 core:RetainedEarningsAccumulatedLosses 2023-03-31 06235959 2023-04-01 2024-03-31 06235959 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06235959 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06235959 bus:Director40 2023-04-01 2024-03-31 06235959 core:LandBuildings 2023-04-01 2024-03-31 06235959 core:PlantMachinery 2023-04-01 2024-03-31 06235959 core:Vehicles 2023-04-01 2024-03-31 06235959 countries:England 2023-04-01 2024-03-31 06235959 bus:FRS102 2023-04-01 2024-03-31 06235959 bus:FilletedAccounts 2023-04-01 2024-03-31 06235959 2024-03-31 06235959 core:WithinOneYear 2024-03-31 06235959 core:AfterOneYear 2024-03-31 06235959 core:ShareCapital 2024-03-31 06235959 core:RetainedEarningsAccumulatedLosses 2024-03-31 06235959 core:LandBuildings 2024-03-31 06235959 core:PlantMachinery 2024-03-31 06235959 core:Vehicles 2024-03-31 06235959 2023-03-31 06235959 core:LandBuildings 2023-03-31 06235959 core:PlantMachinery 2023-03-31 06235959 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure