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Company Registration No. 14096840 (England and Wales)
The Wellness Works Ltd Unaudited accounts for the year ended 31 August 2024
The Wellness Works Ltd Unaudited accounts Contents
Page
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The Wellness Works Ltd Company Information for the year ended 31 August 2024
Directors
Christopher James Sheen Lily Anne Grace Sheen
Company Number
14096840 (England and Wales)
Registered Office
64 Station Road Chingford E4 7BA England
Accountants
Mohammad Naqeeb Hussain 10 Exeter Road Walthamstow London E177QJ
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The Wellness Works Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
281,737 
277,133 
Current assets
Debtors
- 
9,305 
Cash at bank and in hand
2,207 
15,752 
2,207 
25,057 
Creditors: amounts falling due within one year
(1,080,429)
(643,524)
Net current liabilities
(1,078,222)
(618,467)
Net liabilities
(796,485)
(341,334)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(796,486)
(341,335)
Shareholders' funds
(796,485)
(341,334)
For the year ending 31 August 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 5 April 2025 and were signed on its behalf by
Christopher James Sheen Director Company Registration No. 14096840
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The Wellness Works Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
The Wellness Works Ltd is a private company, limited by shares, registered in England and Wales, registration number 14096840. The registered office is 64 Station Road, Chingford, E4 7BA, 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.
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.
Property, plant and equipment policy
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:
Land & buildings
25% on cost
Plant & machinery
25% on reducing
Fixtures & fittings
25% on cost
Computer equipment
33.33% on cost
Going concern
The company will have sufficient resources to meet its financial obligations, the director suggests it is appropriate to prepare the financial statements on a going concern basis.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2023
342,799 
12,270 
16,096 
11,311 
382,476 
Additions
114,253 
10,912 
1,921 
7,140 
134,226 
At 31 August 2024
457,052 
23,182 
18,017 
18,451 
516,702 
Depreciation
At 1 September 2023
89,399 
4,367 
7,116 
4,461 
105,343 
Charge for the year
114,262 
4,704 
4,506 
6,150 
129,622 
At 31 August 2024
203,661 
9,071 
11,622 
10,611 
234,965 
Net book value
At 31 August 2024
253,391 
14,111 
6,395 
7,840 
281,737 
At 31 August 2023
253,400 
7,903 
8,980 
6,850 
277,133 
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The Wellness Works Ltd Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
8,555 
Trade debtors
- 
750 
- 
9,305 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
1,577 
VAT
8,494 
- 
Trade creditors
31 
18,305 
Amounts owed to group undertakings and other participating interests
1,056,384 
616,396 
Taxes and social security
10,522 
- 
Loans from directors
3,821 
7,246 
Accruals
1,177 
- 
1,080,429 
643,524 
7
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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