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Company Registration No. 11480616 (England and Wales)
Wellden Turnbull Limited Unaudited accounts for the year ended 30 June 2024
Wellden Turnbull Limited Unaudited accounts Contents
Page
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Wellden Turnbull Limited Company Information for the year ended 30 June 2024
Directors
Mrs E L Green Mr R W John Mr M Nelligan Mr S Odam Mr C Plumridge Mr T A Clark
Company Number
11480616 (England and Wales)
Registered Office
Albany House Claremont Lane Esher Surrey KT10 9FQ
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Wellden Turnbull Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,920,847 
2,312,542 
Tangible assets
328,193 
372,172 
Investments
4 
4 
2,249,044 
2,684,718 
Current assets
Debtors
2,358,936 
2,093,748 
Cash at bank and in hand
232,303 
196,072 
2,591,239 
2,289,820 
Creditors: amounts falling due within one year
(1,461,821)
(1,308,053)
Net current assets
1,129,418 
981,767 
Total assets less current liabilities
3,378,462 
3,666,485 
Creditors: amounts falling due after more than one year
(1,026,462)
(1,303,229)
Provisions for liabilities
Deferred tax
(77,123)
(87,324)
Net assets
2,274,877 
2,275,932 
Capital and reserves
Called up share capital
250 
250 
Profit and loss account
2,274,627 
2,275,682 
Shareholders' funds
2,274,877 
2,275,932 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by
Mrs E L Green Director Company Registration No. 11480616
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Wellden Turnbull Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Wellden Turnbull Limited is a private company, limited by shares, registered in England and Wales, registration number 11480616. The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and Companies Act 2006. The company is a parent company and is exempt from the requirement to prepare group accounts by virtue of section 399 of the Companies Act 2006. These financial statements therefore present information about the company as an individual undertaking and not about its group. The following principal accounting policies have been applied:
Presentation currency
The accounts are presented in £ sterling and rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the sage of completion of the contract when all 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Computer equipment
33% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is recognised over its estimated useful life of 3-15 years.
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Wellden Turnbull Limited Notes to the Accounts for the year ended 30 June 2024
Investments
Investments in subsidiaries are held at cost less impairment.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2023
3,792,543 
Disposals
(42,207)
At 30 June 2024
3,750,336 
Amortisation
At 1 July 2023
1,480,001 
Charge for the year
349,488 
At 30 June 2024
1,829,489 
Net book value
At 30 June 2024
1,920,847 
At 30 June 2023
2,312,542 
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Wellden Turnbull Limited Notes to the Accounts for the year ended 30 June 2024
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
491,247 
63,680 
554,927 
Additions
3,830 
15,906 
19,736 
At 30 June 2024
495,077 
79,586 
574,663 
Depreciation
At 1 July 2023
138,257 
44,498 
182,755 
Charge for the year
49,992 
13,723 
63,715 
At 30 June 2024
188,249 
58,221 
246,470 
Net book value
At 30 June 2024
306,828 
21,365 
328,193 
At 30 June 2023
352,990 
19,182 
372,172 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 July 2023
4 
Valuation at 30 June 2024
4 
The Company owns the share capital of two dormant companies, Wellco Secretaries Ltd and Wellco Trustees Limited.
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,575,173 
1,163,236 
Accrued income and prepayments
765,668 
894,974 
Other debtors
18,095 
35,538 
2,358,936 
2,093,748 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
213,585 
86,520 
Taxes and social security
802,310 
670,789 
Other creditors
268,719 
356,862 
Loans from directors
6,083 
4,853 
Accruals
171,124 
189,029 
1,461,821 
1,308,053 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
1,026,462 
1,303,229 
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Wellden Turnbull Limited Notes to the Accounts for the year ended 30 June 2024
10
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
77,123 
87,324 
2024 
2023 
£ 
£ 
Provision at start of year
87,324 
97,309 
Credited to the profit and loss account
(10,201)
(9,985)
Provision at end of year
77,123 
87,324 
11
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
50 A Ordinary Shares of £1 each
50 
50 
50 B Ordinary Shares of £1 each
50 
50 
50 C Ordinary Shares of £1 each
50 
50 
50 D Ordinary Shares of £1 each
50 
50 
50 E Ordinary Shares of £1 each
50 
50 
250 
250 
12
Operating lease commitments
2024 
2023 
£ 
£ 
At 30 June 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
157,590 
145,002 
Later than one year and not later than five years
541,464 
504,899 
Later than five years
142,917 
288,742 
841,971 
938,643 
13
Average number of employees
During the year the average number of employees was 58 (2023: 56).
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