Registered number
06677663
Wellkept Financial Services Limited
Filleted Accounts
31 August 2024
Wellkept Financial Services Limited
Registered number: 06677663
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Investments 4 - 248,679
Current assets
Debtors 5 82,389 62,460
Cash at bank and in hand 2,854 4,540
85,243 67,000
Creditors: amounts falling due within one year 6 823 (239,474)
Net current assets/(liabilities) 86,066 (172,474)
Total assets less current liabilities 86,066 76,205
Creditors: amounts falling due after more than one year 7 (85,175) (75,475)
Net assets 891 730
Capital and reserves
Called up share capital 100 100
Profit and loss account 791 630
Shareholders' funds 891 730
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dawn Welch
Director
Approved by the board on 25 March 2025
Wellkept Financial Services Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2023 33,000
At 31 August 2024 33,000
Amortisation
At 1 September 2023 33,000
At 31 August 2024 33,000
Net book value
At 31 August 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 September 2023 248,679
Disposals (248,679)
At 31 August 2024 -
5 Debtors 2024 2023
£ £
Trade debtors 19,446 14,017
Other debtors 62,943 48,443
82,389 62,460
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 683 751
Amounts owed to group undertakings and undertakings in which the company has a participating interest (1,502) 200,427
Taxation and social security costs (3) (3)
Other creditors (1) 38,299
(823) 239,474
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 85,175 75,475
8 Other information
Wellkept Financial Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Barn 173 Church Rd
Northfield
Birmingham
B31 2LX
Wellkept Financial Services Limited 06677663 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts April 2025 Dawn Welch No description of principal activity 06677663 2022-09-01 2023-08-31 06677663 core:WithinOneYear 2023-08-31 06677663 core:AfterOneYear 2023-08-31 06677663 core:ShareCapital 2023-08-31 06677663 core:RetainedEarningsAccumulatedLosses 2023-08-31 06677663 2023-09-01 2024-08-31 06677663 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06677663 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 06677663 bus:Director40 2023-09-01 2024-08-31 06677663 1 2023-09-01 2024-08-31 06677663 2 2023-09-01 2024-08-31 06677663 countries:England 2023-09-01 2024-08-31 06677663 bus:FRS102 2023-09-01 2024-08-31 06677663 bus:FilletedAccounts 2023-09-01 2024-08-31 06677663 2024-08-31 06677663 core:WithinOneYear 2024-08-31 06677663 core:AfterOneYear 2024-08-31 06677663 core:ShareCapital 2024-08-31 06677663 core:RetainedEarningsAccumulatedLosses 2024-08-31 06677663 core:Goodwill 2024-08-31 06677663 core:DisposalsRepaymentsInvestments 2024-08-31 06677663 2023-08-31 06677663 core:Goodwill 2023-08-31 iso4217:GBP xbrli:pure