Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31false2023-02-01Other service activities not elsewhere classified11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13874138 2023-02-01 2024-01-31 13874138 2022-01-26 2023-01-31 13874138 2024-01-31 13874138 2023-01-31 13874138 c:Director1 2023-02-01 2024-01-31 13874138 d:CurrentFinancialInstruments 2024-01-31 13874138 d:CurrentFinancialInstruments 2023-01-31 13874138 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 13874138 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13874138 d:ShareCapital 2024-01-31 13874138 d:ShareCapital 2023-01-31 13874138 d:RetainedEarningsAccumulatedLosses 2024-01-31 13874138 d:RetainedEarningsAccumulatedLosses 2023-01-31 13874138 c:OrdinaryShareClass1 2023-02-01 2024-01-31 13874138 c:OrdinaryShareClass1 2024-01-31 13874138 c:OrdinaryShareClass1 2023-01-31 13874138 c:OrdinaryShareClass2 2023-02-01 2024-01-31 13874138 c:OrdinaryShareClass2 2024-01-31 13874138 c:OrdinaryShareClass2 2023-01-31 13874138 c:FRS102 2023-02-01 2024-01-31 13874138 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13874138 c:FullAccounts 2023-02-01 2024-01-31 13874138 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13874138 2 2023-02-01 2024-01-31 13874138 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13874138









WELLY HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
WELLY HOLDINGS LIMITED
REGISTERED NUMBER: 13874138

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
-
14,603

Cash at bank and in hand
 5 
131,257
85,793

  
131,257
100,396

Creditors: amounts falling due within one year
 6 
(42,112)
(49,964)

Net current assets
  
 
 
89,145
 
 
50,432

Total assets less current liabilities
  
89,145
50,432

  

Net assets
  
89,145
50,432


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
89,045
50,332

  
89,145
50,432


Page 1

 
WELLY HOLDINGS LIMITED
REGISTERED NUMBER: 13874138
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf 27 January 2025.




L J Gudgeon
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
WELLY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Welly Holdings Limited is a private limited by shares, incorporated in United Kingdom (registered number: 13874138) The registered office of the company is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.
The financial statements are presented in GBP, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
WELLY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

31 January
Period ended
31 January
2024
2023
£
£

Wages and salaries
8,500
15,583

8,500
15,583


The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Debtors

2024
2023
£
£


Trade debtors
-
14,603

-
14,603


Page 4

 
WELLY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
131,257
85,793

131,257
85,793



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
29,899
39,518

Other taxation and social security
8,912
7,236

Other creditors
801
1,210

Accruals and deferred income
2,500
2,000

42,112
49,964



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) A Ordinary share of £1.00
1
1
99 (2023 - 99) Ordinary Shares shares of £1.00 each
99
99

100

100


 
Page 5