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
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
The Wellness Works Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
281,737
277,133
Cash at bank and in hand
2,207
15,752
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)
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
The Wellness Works Ltd
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
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.
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
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
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
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
The Wellness Works Ltd
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
1,577
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
7
Average number of employees
During the year the average number of employees was 5 (2023: 5).