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Company Registration No. 08624459 (England and Wales)
Welfare Healthcare (UK) Ltd Unaudited accounts for the year ended 31 July 2024
Welfare Healthcare (UK) Ltd Unaudited accounts Contents
Page
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Welfare Healthcare (UK) Ltd Company Information for the year ended 31 July 2024
Directors
Mr M H Bhaiji Mr H W Lim Mr Y H Thong
Company Number
08624459 (England and Wales)
Registered Office
68 FRIAR GATE DERBY DE1 1FP
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Welfare Healthcare (UK) Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
177,989 
213,746 
Tangible assets
17,466 
8,088 
195,455 
221,834 
Current assets
Inventories
189,548 
92,570 
Debtors
596,474 
705,313 
Cash at bank and in hand
73,170 
76,633 
859,192 
874,516 
Creditors: amounts falling due within one year
(268,163)
(297,774)
Net current assets
591,029 
576,742 
Total assets less current liabilities
786,484 
798,576 
Creditors: amounts falling due after more than one year
(410,465)
(410,465)
Net assets
376,019 
388,111 
Capital and reserves
Called up share capital
210,000 
210,000 
Profit and loss account
166,019 
178,111 
Shareholders' funds
376,019 
388,111 
For the year ending 31 July 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 4 February 2025 and were signed on its behalf by
Mr H W Lim Director Company Registration No. 08624459
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Welfare Healthcare (UK) Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Welfare Healthcare (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 08624459. The registered office is 68 FRIAR GATE, DERBY, DE1 1FP.
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 as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
25% Reducing Balance Method
Motor vehicles
25% Reducing Balance Method
Fixtures & fittings
20% Reducing Balance Method
Computer equipment
20% Reducing Balance Method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2023
515,066 
At 31 July 2024
515,066 
Amortisation
At 1 August 2023
301,320 
Charge for the year
35,757 
At 31 July 2024
337,077 
Net book value
At 31 July 2024
177,989 
At 31 July 2023
213,746 
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Welfare Healthcare (UK) Ltd Notes to the Accounts for the year ended 31 July 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2023
10,760 
19,645 
10,000 
1,398 
41,803 
Additions
- 
- 
- 
13,960 
13,960 
At 31 July 2024
10,760 
19,645 
10,000 
15,358 
55,763 
Depreciation
At 1 August 2023
9,844 
17,121 
6,246 
504 
33,715 
Charge for the year
229 
631 
751 
2,971 
4,582 
At 31 July 2024
10,073 
17,752 
6,997 
3,475 
38,297 
Net book value
At 31 July 2024
687 
1,893 
3,003 
11,883 
17,466 
At 31 July 2023
916 
2,524 
3,754 
894 
8,088 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
34,466 
42,336 
Trade debtors
370,861 
312,323 
Other debtors
191,147 
350,654 
596,474 
705,313 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
65,077 
122,070 
Trade creditors
160,745 
124,532 
Taxes and social security
11,341 
20,172 
Proposed dividends
31,000 
31,000 
268,163 
297,774 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
410,465 
410,465 
9
Average number of employees
During the year the average number of employees was 10 (2023: 10).
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