REGISTERED NUMBER: SC407062 (Scotland)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Well Accounts Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M D MacIver

SECRETARY:

Miss K Sutherland

REGISTERED OFFICE:

Unit 8

Golspie Business Park

Golspie

Sutherland

KW10 6UB

REGISTERED NUMBER:

SC407062 (Scotland)

ACCOUNTANTS:

Mackay & Co

Chartered Accountants

Unit 8

Golspie Business Park

Golspie

Sutherland

KW10 6UB

FIXED ASSETS

Intangible assets

4

76,359

97,124

Tangible assets

5

39,010

42,483

Investments

6

4,000

4,000

119,369

143,607

CURRENT ASSETS

Stocks

163,500

133,000

Debtors

149,641

146,481

Cash at bank and in hand

221,492

194,229

534,633

473,710

CREDITORS

Amounts falling due within one year

248,506

244,168

NET CURRENT ASSETS

286,127

229,542

TOTAL ASSETS LESS CURRENT LIABILITIES

405,496

373,149

CREDITORS

Amounts falling due after more than one year

(23,057

)

(62,182

)

PROVISIONS FOR LIABILITIES

(6,677

)

(7,545

)

NET ASSETS

375,762

303,422

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

375,662

303,322

SHAREHOLDERS' FUNDS

375,762

303,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2025 and were signed by:

M D MacIver - Director

1.	STATUTORY INFORMATION

Well Accounts Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sale of services, excluding value added tax.

Goodwill

The acquisition of a business - Mackay & Co CA - in 2015, was amortised over 5 years, ending in the 31st August 2020 financial year.

The acquisition of a business - MOATS - in 2017, is being amortised over 10 years.

The acquisition of a business - MacLennan Accountants - in 2022, is being amortised over 10 years.

The acquisition of a business - Andrew Mead & Co - in 2023, is being amortised over 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiaries are initially recorded at cost, with periodic reviews for impairment.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2024 - 34 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2024

and 31 August 2025

356,047

AMORTISATION

At 1 September 2024

258,923

Amortisation for year

20,765

At 31 August 2025

279,688

NET BOOK VALUE

At 31 August 2025

76,359

At 31 August 2024

97,124

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2024

100,598

Additions

5,329

At 31 August 2025

105,927

DEPRECIATION

At 1 September 2024

58,115

Charge for year

8,802

At 31 August 2025

66,917

NET BOOK VALUE

At 31 August 2025

39,010

At 31 August 2024

42,483

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 September 2024

and 31 August 2025

9,206

PROVISIONS

At 1 September 2024

and 31 August 2025

5,206

NET BOOK VALUE

At 31 August 2025

4,000

At 31 August 2024

4,000

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Overdraft

24,593

11,282

Bank loans

24,939

66,032

49,532

77,314

The overdraft and loans are secured by means of a bond and floating charge over the assets of the company, and by a personal guarantee provided by the director.