Wellington Prescott Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 14612396

		31 January 2025		31 January 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		872		1,745

			872		1,745
CURRENT ASSETS
Debtors	5	152,924		30,607
Cash at bank and in hand		286,523		53,583

		439,447		84,190
Creditors: Amounts Falling Due Within One Year	6	(204,374 )		(34,559 )

NET CURRENT ASSETS (LIABILITIES)			235,073		49,631

TOTAL ASSETS LESS CURRENT LIABILITIES			235,945		51,376

NET ASSETS			235,945		51,376

CAPITAL AND RESERVES
Called up share capital	7		1		1
Profit and Loss Account			235,944		51,375

SHAREHOLDERS' FUNDS			235,945		51,376

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Miss L G Prescott

Director

31 October 2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Wellington Prescott Limited is a private company, limited by shares, registered in England & Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting Policies

2.1. Basis of Preparation of 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from content creation is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the date the service is provided.

Interest receivable

Interest income is recognised using the effective interest method which is recognised as the company's right to receive payment is established.

2.3. Tangible Fixed Assets and Depreciation

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

Computer Equipment

- Straight line over three years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

2.4. Taxation

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

Current 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.

2.5. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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Wellington Prescott Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 February 2024	2,618

As at 31 January 2025	2,618

Depreciation
As at 1 February 2024	873
Provided during the period	873

As at 31 January 2025	1,746

Net Book Value
As at 31 January 2025	872

As at 1 February 2024	1,745

5. Debtors

	31 January 2025	31 January 2024
	£	£
Due within one year
Trade debtors	139,040	8,240
Prepayments and accrued income	165	22,367
Director's loan account	13,719	-

	152,924	30,607

6. Creditors: Amounts Falling Due Within One Year

	31 January 2025	31 January 2024
	£	£
Trade creditors	27,480	480
Corporation tax	100,260	20,238
VAT	71,854	1,293
Accruals and deferred income	4,780	5,560
Director's loan account	-	6,988

	204,374	34,559

7. Share Capital

	31 January 2025	31 January 2024
Allotted, called up and fully paid	£	£
1 Ordinary Shares of £ 1.00 each	1	1

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Wellington Prescott Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

8. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 February 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 January 2025
	£	£	£	£	£
Miss Lillie Prescott	-	13,719	-	-	13,719

The loan to the director is repayable on demand. The company has charged interest at a rate of 2.25% on the outstanding balance.

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