Registered number
04888072
Wellsprings Holistic Clinic Limited
Filleted Accounts
30 September 2024
Wellsprings Holistic Clinic Limited
Registered number: 04888072
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1 7,970
Tangible assets 4 24,744 32,506
24,745 40,476
Current assets
Stocks 22,014 42,576
Debtors 5 4,709 7,819
Cash at bank and in hand 31,410 13,536
58,133 63,931
Creditors: amounts falling due within one year 6 (49,678) (62,337)
Net current assets 8,455 1,594
Net assets 33,200 42,070
Capital and reserves
Called up share capital 100 100
Profit and loss account 33,100 41,970
Shareholders' funds 33,200 42,070
The director is 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 director acknowledges his 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.
Mrs C J Doyle
Director
Approved by the board on 2 December 2024
Wellsprings Holistic Clinic Limited
Notes to the Accounts
for the year ended 30 September 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery over 5 years
Motor vehicle over 4 years
Computer equipment over 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 129,850
At 30 September 2024 129,850
Amortisation
At 1 October 2023 121,880
Provided during the year 7,969
At 30 September 2024 129,849
Net book value
At 30 September 2024 1
At 30 September 2023 7,970
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 25,184 31,500 56,684
At 30 September 2024 25,184 31,500 56,684
Depreciation
At 1 October 2023 22,866 1,312 24,178
Charge for the year - 7,762 7,762
At 30 September 2024 22,866 9,074 31,940
Net book value
At 30 September 2024 2,318 22,426 24,744
At 30 September 2023 2,318 30,188 32,506
5 Debtors 2024 2023
£ £
Trade debtors 4,477 6,466
Other debtors 232 1,353
4,709 7,819
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 12,855 15,827
Taxation and social security costs 18,095 1,779
Other creditors 18,728 44,731
49,678 62,337
7 Other information
Wellsprings Holistic Clinic Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Chapel School
St Nicholas Avenue
Sabden
Clitheroe
BB7 9HR
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