Wellcomm Health & Fitness Limited

Registered number

10844432

Filleted Accounts

31 December 2024

Wellcomm Health & Fitness Limited
Registered number:		10844432
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Intangible assets	3		139,229			173,328
Tangible assets	4		-			1,516
Investments	5		3			4
			139,232			174,848

Current assets
Debtors	6	4,683,337			4,504,865
Cash at bank and in hand		401			5,907
		4,683,738			4,510,772

Creditors: amounts falling due within one year	7	(359,508)			(255,616)

Net current assets			4,324,230			4,255,156

Total assets less current liabilities			4,463,462			4,430,004

Creditors: amounts falling due after more than one year	8		(612,980)			(487,253)



Net assets			3,850,482			3,942,751

Capital and reserves
Called up share capital			10,338,149			10,338,149
Profit and loss account			(6,487,667)			(6,395,398)

Shareholders' funds			3,850,482			3,942,751

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr M Dixon
Director
Approved by the board on 18 September 2025

Wellcomm Health & Fitness Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Going Concern
	The company is dependant on the continued support of the ultimate parent company for its working capital requirements.

	At the time of approving the financial statements this support is expected to continue and so the directors have a resonable expectation that the company has adequate resources to continue in operational existance for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	20% straight line
	Fixtures, fittings, tools and equipment	33% straight line

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		1		1


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 January 2024				341,086
	At 31 December 2024				341,086

	Amortisation
	At 1 January 2024				167,758
	Provided during the year				34,099
	At 31 December 2024				201,857

	Net book value
	At 31 December 2024				139,229
	At 31 December 2023				173,328

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 January 2024				6,516
	At 31 December 2024				6,516

	Depreciation
	At 1 January 2024				5,000
	Charge for the year				1,516
	At 31 December 2024				6,516

	Net book value
	At 31 December 2024				-
	At 31 December 2023				1,516


5	Investments

Other
investments
£
	Cost
	At 1 January 2024				4
	Disposals				(1)

	At 31 December 2024				3


6	Debtors		2024		2023
£				£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest		4,674,261		4,491,482
	Other debtors		9,076		13,383
			4,683,337		4,504,865


7	Creditors: amounts falling due within one year		2024		2023
£				£

	Bank loans and overdrafts		5,508		5,508
	Trade creditors		349,696		243,238
	Other creditors		4,304		6,870
			359,508		255,616


8	Creditors: amounts falling due after one year		2024		2023
£				£

	Bank loans		25,702		31,079
	Other creditors		587,278		456,174
			612,980		487,253


9	Other information

	Wellcomm Health & Fitness Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Jessop House
	Outrams Wharf
	Little Eaton
	Derbyshire
	DE21 5EL