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REGISTERED NUMBER: 13388230 (England and Wales)


Financial Statements for the Year Ended 31 May 2024

for

Wellchem Limited

Wellchem Limited (Registered number: 13388230)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Wellchem Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr Tejaskumar Khatri





REGISTERED OFFICE: 31 Blairhead Drive
Watford
England
WD19 7RB





REGISTERED NUMBER: 13388230 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Wellchem Limited (Registered number: 13388230)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 831,026 831,026

CURRENT ASSETS
Debtors 5 5,000 10,000
Cash at bank and in hand 7,016 7,710
12,016 17,710
CREDITORS
Amounts falling due within one year 6 3,801 -
NET CURRENT ASSETS 8,215 17,710
TOTAL ASSETS LESS CURRENT
LIABILITIES

839,241

848,736

CREDITORS
Amounts falling due after more than one
year

7

824,868

855,151
NET ASSETS/(LIABILITIES) 14,373 (6,415 )

CAPITAL AND RESERVES
Called up share capital 8 300 300
Retained earnings 14,073 (6,715 )
SHAREHOLDERS' FUNDS 14,373 (6,415 )

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 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.

Wellchem Limited (Registered number: 13388230)

Statement of Financial Position - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 December 2024 and were signed by:





Mr Tejaskumar Khatri - Director


Wellchem Limited (Registered number: 13388230)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Wellchem 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023
and 31 May 2024 831,026
NET BOOK VALUE
At 31 May 2024 831,026
At 31 May 2023 831,026

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts owed by group undertakings 5,000 10,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 3,301 -
Other creditors 500 -
3,801 -

Wellchem Limited (Registered number: 13388230)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 624,467 659,750
Other creditors 200,401 195,401
824,868 855,151

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
300 Share capital 1 £1 300 300