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REGISTERED NUMBER: 06269553 (England and Wales)















WELL POLISHED (FRANCHISING) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






WELL POLISHED (FRANCHISING) LIMITED (REGISTERED NUMBER: 06269553)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WELL POLISHED (FRANCHISING) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: M J Campbell
Mrs J Campbell
Ms J E Campbell





SECRETARY: M J Campbell





REGISTERED OFFICE: Unit B2, Willow House
Oaklands Office Park
Hooton Road
Hooton
Cheshire
CH66 7NZ





REGISTERED NUMBER: 06269553 (England and Wales)





ACCOUNTANTS: Murray Smith LLP
Chartered Accountants
Darland House
44 Winnington Hill
Northwich
Cheshire
CW8 1AU

WELL POLISHED (FRANCHISING) LIMITED (REGISTERED NUMBER: 06269553)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 499 3,803

CURRENT ASSETS
Debtors 5 186,518 144,344
Cash at bank and in hand 54 54
186,572 144,398
CREDITORS
Amounts falling due within one year 6 177,161 147,070
NET CURRENT ASSETS/(LIABILITIES) 9,411 (2,672 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,910

1,131

CREDITORS
Amounts falling due after more than one
year

7

115,469

135,700
NET LIABILITIES (105,559 ) (134,569 )

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings (105,569 ) (134,579 )
SHAREHOLDERS' FUNDS (105,559 ) (134,569 )

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

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

WELL POLISHED (FRANCHISING) LIMITED (REGISTERED NUMBER: 06269553)

BALANCE SHEET - continued
30 JUNE 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 13 February 2025 and were signed on its behalf by:





M J Campbell - Director


WELL POLISHED (FRANCHISING) LIMITED (REGISTERED NUMBER: 06269553)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Well Polished (Franchising) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on the going concern basis which is reliant on the directors continuing to support the company.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer Software - 20% on cost
Computer equipment - 33% on cost

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.

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.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of the business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

WELL POLISHED (FRANCHISING) LIMITED (REGISTERED NUMBER: 06269553)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on the present value basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer Computer
fittings Software equipment Totals
£    £    £    £   
COST
At 1 July 2023 27,392 30,100 12,258 69,750
Disposals - - (88 ) (88 )
At 30 June 2024 27,392 30,100 12,170 69,662
DEPRECIATION
At 1 July 2023 27,392 27,119 11,436 65,947
Charge for year - 2,973 243 3,216
At 30 June 2024 27,392 30,092 11,679 69,163
NET BOOK VALUE
At 30 June 2024 - 8 491 499
At 30 June 2023 - 2,981 822 3,803

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 83,676 63,484
Amounts owed by related parties 78,055 58,073
Other debtors 16,249 15,731
Prepayments and accrued income 8,538 7,056
186,518 144,344

WELL POLISHED (FRANCHISING) LIMITED (REGISTERED NUMBER: 06269553)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,844 22,132
Other loans 23,500 35,549
Trade creditors 44,779 39,322
Corporation tax 33,899 16,601
Social security and other taxes 44,649 31,760
Other creditors - 300
Accrued expenses 5,490 1,406
177,161 147,070

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,232 7,232
Bank loans - 2-5 years 21,695 21,695
Bank loans more than 5 years 6,630 13,861
Directors' loan accounts 79,912 92,912
115,469 135,700

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 6,630 13,861

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 17,519 18,920
Between one and five years 17,851 13,736
35,370 32,656

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £0.10 10 10