Company Registration No. 14756988 (England and Wales)
Wellness Unlimited Co Ltd
Unaudited accounts
for the period from 25 March 2023 to 31 March 2024
Wellness Unlimited Co Ltd
Unaudited accounts
Contents
Wellness Unlimited Co Ltd
Company Information
for the period from 25 March 2023 to 31 March 2024
Director
Lucie Marchelot Shukla
Company Number
14756988 (England and Wales)
Registered Office
Wellness Unlimited Co Ltd
63-66 Hatton Garden
London
London
EC1N 8LE
England
Wellness Unlimited Co Ltd
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
434
Creditors: amounts falling due within one year
(9,281)
Net current liabilities
(8,847)
Profit and loss account
(8,848)
Shareholders' funds
(8,847)
For the period ending 31 March 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 director acknowledges her 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 and authorised for issue on 3 March 2025 and were signed on its behalf by
Lucie Marchelot Shukla
Director
Company Registration No. 14756988
Wellness Unlimited Co Ltd
Notes to the Accounts
for the period from 25 March 2023 to 31 March 2024
Wellness Unlimited Co Ltd is a private company, limited by shares, registered in England and Wales, registration number 14756988. The registered office is Wellness Unlimited Co Ltd, 63-66 Hatton Garden, London, London, EC1N 8LE, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
At the year end, the company had net negative reserves. This is primarily due to the fact the company is in its infancy and has been supported by the director throughout its early stages.
The director has given assurance that they will continue to support the company and will not call in any debts owed to them by the company, until such time as the business is fully established. The director has agreed that this support will continue for a period of not less than 12 months.
Based on the assurances of support by the director, and the potential for the business to become fully established within the next two financial years, the preparation of accounts under the Going Concern Basis is appropriate.
4
Creditors: amounts falling due within one year
2024
Loans from directors
8,818
Wellness Unlimited Co Ltd
Notes to the Accounts
for the period from 25 March 2023 to 31 March 2024
5
Transactions with related parties
At the year end, a balance of £8,818 in Director's Loans, was owed to key personnel. The balance is the result of initial financing provided to the company, is unsecured, interest-free, and repayable on demand.
6
Average number of employees
During the period the average number of employees was 1.