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Company Registration No. 14961682 (England and Wales)
Wealthchem Ltd Filleted accounts for the year ended 30 June 2024
Wealthchem Ltd Filleted accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Wealthchem Ltd Company Information for the year ended 30 June 2024
Directors
Abdul Abdullah Abdul Abdullah
Company Number
14961682 (England and Wales)
Registered Office
354 Westdale Lane Mapperley Nottingham Nottinghamshire NG3 6ET England
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Wealthchem Ltd Statement of financial position as at 30 June 2024
2024
Notes
£
Current assets
Debtors
4
90
Cash at bank and in hand
16,210
16,300
Creditors: amounts falling due within one year
5
(450)
Net current assets
15,850
Net assets
15,850
Capital and reserves
Called up share capital
6
100
Profit and loss account
15,750
Shareholders' funds
15,850
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 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 13 March 2025 and were signed on its behalf by
Abdul Abdullah Director Company Registration No. 14961682
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Wealthchem Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Wealthchem Ltd is a private company, limited by shares, registered in England and Wales, registration number 14961682. The registered office is 354 Westdale Lane, Mapperley, Nottingham, Nottinghamshire, NG3 6ET, 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 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Debtors
2024
£
Amounts falling due within one year
Other debtors
90
5
Creditors: amounts falling due within one year
2024
£
Accruals
450
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Wealthchem Ltd Notes to the Accounts for the year ended 30 June 2024
6
Share capital
2024
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
Shares issued during the period:
100 Ordinary shares of £1 each
100
7
Average number of employees
During the year the average number of employees was 0.
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