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REGISTERED NUMBER: 08404967 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29TH FEBRUARY 2024

FOR

WELCOME INDEPENDENT LIVING LTD.

WELCOME INDEPENDENT LIVING LTD. (REGISTERED NUMBER: 08404967)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WELCOME INDEPENDENT LIVING LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTORS: M A Coup
Mrs D R George-Coup





REGISTERED OFFICE: Elphin House
1 New Road
Mytholmroyd
West Yorkshire
HX7 5DZ





REGISTERED NUMBER: 08404967 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

WELCOME INDEPENDENT LIVING LTD. (REGISTERED NUMBER: 08404967)

BALANCE SHEET
29TH FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 222,535 620,862
Investments 5 184,859 184,859
407,394 805,721

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 6 789,667 630,940
Cash at bank and in hand 84,943 167,007
884,610 807,947
CREDITORS
Amounts falling due within one year 7 238,369 236,046
NET CURRENT ASSETS 646,241 571,901
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,053,635

1,377,622

CREDITORS
Amounts falling due after more than one
year

8

214,073

512,703
NET ASSETS 839,562 864,919

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 839,462 864,819
SHAREHOLDERS' FUNDS 839,562 864,919

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

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

WELCOME INDEPENDENT LIVING LTD. (REGISTERED NUMBER: 08404967)

BALANCE SHEET - continued
29TH 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 29th November 2024 and were signed on its behalf by:





M A Coup - Director


WELCOME INDEPENDENT LIVING LTD. (REGISTERED NUMBER: 08404967)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024

1. STATUTORY INFORMATION

Welcome Independent Living 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 etc - 10% on reducing balance, over 5 years and over 3 years

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

WELCOME INDEPENDENT LIVING LTD. (REGISTERED NUMBER: 08404967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 94 (2023 - 95 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st March 2023 614,764 32,589 647,353
Disposals (395,436 ) - (395,436 )
At 29th February 2024 219,328 32,589 251,917
DEPRECIATION
At 1st March 2023 - 26,491 26,491
Charge for year - 2,891 2,891
At 29th February 2024 - 29,382 29,382
NET BOOK VALUE
At 29th February 2024 219,328 3,207 222,535
At 28th February 2023 614,764 6,098 620,862

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st March 2023
and 29th February 2024 184,859
NET BOOK VALUE
At 29th February 2024 184,859
At 28th February 2023 184,859

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 57,805 59,094
Other debtors 731,862 571,846
789,667 630,940

WELCOME INDEPENDENT LIVING LTD. (REGISTERED NUMBER: 08404967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 51,164 74,378
Hire purchase contracts 20,000 20,000
Trade creditors 6,424 2,936
Taxation and social security 31,182 23,678
Other creditors 129,599 115,054
238,369 236,046

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 177,406 456,035
Hire purchase contracts 36,667 56,668
214,073 512,703

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29th February 2024 and 28th February 2023:

2024 2023
£    £   
M A Coup and Mrs D R George-Coup
Balance outstanding at start of year 29,274 -
Amounts advanced 20,860 29,274
Amounts repaid (50,134 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 29,274