IRIS Accounts Production v24.3.2.46 11929198 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119291982023-04-30119291982024-04-30119291982023-05-012024-04-30119291982022-04-30119291982022-05-012023-04-30119291982023-04-3011929198ns15:EnglandWales2023-05-012024-04-3011929198ns14:PoundSterling2023-05-012024-04-3011929198ns10:Director12023-05-012024-04-3011929198ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3011929198ns10:SmallEntities2023-05-012024-04-3011929198ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3011929198ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3011929198ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3011929198ns10:FullAccounts2023-05-012024-04-301192919812023-05-012024-04-3011929198ns10:Director22023-05-012024-04-3011929198ns10:Director32023-05-012024-04-3011929198ns10:Director42023-05-012024-04-3011929198ns10:RegisteredOffice2023-05-012024-04-3011929198ns5:CurrentFinancialInstruments2024-04-3011929198ns5:CurrentFinancialInstruments2023-04-3011929198ns5:Non-currentFinancialInstruments2024-04-3011929198ns5:Non-currentFinancialInstruments2023-04-3011929198ns5:ShareCapital2024-04-3011929198ns5:ShareCapital2023-04-3011929198ns5:RetainedEarningsAccumulatedLosses2024-04-3011929198ns5:RetainedEarningsAccumulatedLosses2023-04-3011929198ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3011929198ns5:PatentsTrademarksLicencesConcessionsSimilar2023-05-012024-04-3011929198ns5:PlantMachinery2023-05-012024-04-3011929198ns5:PatentsTrademarksLicencesConcessionsSimilar2023-04-3011929198ns5:PatentsTrademarksLicencesConcessionsSimilar2024-04-3011929198ns5:PatentsTrademarksLicencesConcessionsSimilar2023-04-3011929198ns5:PlantMachinery2023-04-3011929198ns5:FurnitureFittings2023-04-3011929198ns5:MotorVehicles2023-04-3011929198ns5:ComputerEquipment2023-04-3011929198ns5:FurnitureFittings2023-05-012024-04-3011929198ns5:MotorVehicles2023-05-012024-04-3011929198ns5:ComputerEquipment2023-05-012024-04-3011929198ns5:PlantMachinery2024-04-3011929198ns5:FurnitureFittings2024-04-3011929198ns5:MotorVehicles2024-04-3011929198ns5:ComputerEquipment2024-04-3011929198ns5:PlantMachinery2023-04-3011929198ns5:FurnitureFittings2023-04-3011929198ns5:MotorVehicles2023-04-3011929198ns5:ComputerEquipment2023-04-3011929198ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3011929198ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30
REGISTERED NUMBER: 11929198 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Wells Pl Ltd
Trading as
Just Shutters

Wells Pl Ltd (Registered number: 11929198)
Trading as Just Shutters

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wells Pl Ltd
Trading as Just Shutters

Company Information
for the Year Ended 30 April 2024







DIRECTORS: G P K Wells
G V Wells
Mrs H A E Wells
Mrs L J Wells





REGISTERED OFFICE: Room 4
Selby Times Business Centre
11 The Crescent
Selby
North Yorkshire
YO8 4PD





REGISTERED NUMBER: 11929198 (England and Wales)





ACCOUNTANTS: CFA Tax Limited
Room 4
Selby Times Business Centre
11 The Crescent
Selby
North Yorkshire
YO8 4PD

Wells Pl Ltd (Registered number: 11929198)
Trading as Just Shutters

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 12,000
Tangible assets 5 43,628 30,145
53,628 42,145

CURRENT ASSETS
Stocks 6 63,874 71,610
Debtors 7 1,165 19,311
Cash at bank 1,766 3,492
66,805 94,413
CREDITORS
Amounts falling due within one year 8 97,673 104,728
NET CURRENT LIABILITIES (30,868 ) (10,315 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,760

31,830

CREDITORS
Amounts falling due after more than one
year

9

39,188

29,612
NET (LIABILITIES)/ASSETS (16,428 ) 2,218

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (16,429 ) 2,217
SHAREHOLDERS' FUNDS (16,428 ) 2,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Wells Pl Ltd (Registered number: 11929198)
Trading as Just Shutters

Balance Sheet - continued
30 April 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 8 January 2025 and were signed on its behalf by:





G P K Wells - Director


Wells Pl Ltd (Registered number: 11929198)
Trading as Just Shutters

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Wells Pl 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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 - 25% on reducing balance and 20% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Wells Pl Ltd (Registered number: 11929198)
Trading as Just Shutters

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 May 2023
and 30 April 2024 20,000
AMORTISATION
At 1 May 2023 8,000
Amortisation for year 2,000
At 30 April 2024 10,000
NET BOOK VALUE
At 30 April 2024 10,000
At 30 April 2023 12,000

Wells Pl Ltd (Registered number: 11929198)
Trading as Just Shutters

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 1,996 683 37,098 2,119 41,896
Additions - - 27,078 566 27,644
At 30 April 2024 1,996 683 64,176 2,685 69,540
DEPRECIATION
At 1 May 2023 1,353 460 9,275 663 11,751
Charge for year 160 223 13,400 378 14,161
At 30 April 2024 1,513 683 22,675 1,041 25,912
NET BOOK VALUE
At 30 April 2024 483 - 41,501 1,644 43,628
At 30 April 2023 643 223 27,823 1,456 30,145

6. STOCKS
30.4.24 30.4.23
£    £   
Stocks 4,168 5,220
Work-in-progress 59,706 66,390
63,874 71,610

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 1,165 19,311

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 9,533 -
Hire purchase contracts 6,391 4,847
Trade creditors 34,582 9,972
Taxation and social security 3,436 -
Other creditors 43,731 89,909
97,673 104,728

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 39,188 29,612