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Registered number: 09116643
Wellperson Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Sachdevs
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09116643
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 600,000 640,000
Tangible Assets 5 342,759 349,042
Investments 6 1,187,823 1,187,823
2,130,582 2,176,865
CURRENT ASSETS
Stocks 7 54,000 43,000
Debtors 8 284,501 432,592
Cash at bank and in hand 19,315 81,218
357,816 556,810
Creditors: Amounts Falling Due Within One Year 9 (783,666 ) (979,487 )
NET CURRENT ASSETS (LIABILITIES) (425,850 ) (422,677 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,704,732 1,754,188
Creditors: Amounts Falling Due After More Than One Year 10 (1,360,044 ) (1,481,639 )
NET ASSETS 344,688 272,549
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 344,686 272,547
SHAREHOLDERS' FUNDS 344,688 272,549
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nilesh Popat
Director
30/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Wellperson Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09116643 . The registered office is 4 Station Avenue, Tile Hill, Coventry, West Midlands, CV4 9HS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business in 2015, and the fair value of the separable net assets. It is amortised evenly over its estimated economic life of twenty five years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are intially measured at cost. Afterintial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not to be depreciated
Motor Vehicles 20% straight line
Fixtures & Fittings 20% reducing balance
2.6. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit And Loss Account incomeStatement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the period year was: 8 (2023: 8)
8 8
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4. Intangible Assets
Other
£
Cost
As at 1 July 2023 1,000,000
As at 30 June 2024 1,000,000
Amortisation
As at 1 July 2023 360,000
Provided during the period 40,000
As at 30 June 2024 400,000
Net Book Value
As at 30 June 2024 600,000
As at 1 July 2023 640,000
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 July 2023 317,625 3,000 189,187 509,812
As at 30 June 2024 317,625 3,000 189,187 509,812
Depreciation
As at 1 July 2023 - 3,000 157,770 160,770
Provided during the period - - 6,283 6,283
As at 30 June 2024 - 3,000 164,053 167,053
Net Book Value
As at 30 June 2024 317,625 - 25,134 342,759
As at 1 July 2023 317,625 - 31,417 349,042
6. Investments
Listed
£
Cost
As at 1 July 2023 1,187,823
As at 30 June 2024 1,187,823
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 1,187,823
As at 1 July 2023 1,187,823
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7. Stocks
2024 2023
£ £
Stock 54,000 43,000
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 189,613 268,896
Other debtors 94,888 163,696
284,501 432,592
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 170,501 182,181
Other creditors 612,097 790,790
Taxation and social security 1,068 6,516
783,666 979,487
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 755,507 950,437
Amounts owed to group undertakings 604,537 531,202
1,360,044 1,481,639
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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