REGISTERED NUMBER: 10389438 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Welcome Energy Ltd

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

Mr P S Dosanjh

REGISTERED OFFICE:

Monarch House

Stafford Road

Wallington

SM6 9AN

REGISTERED NUMBER:

10389438 (England and Wales)

ACCOUNTANTS:

BBK Partnership

Chartered Accountants

& Statutory Auditors

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

FIXED ASSETS

Tangible assets

4

-

341

CURRENT ASSETS

Debtors

5

245,532

286,189

Cash at bank

1,135,264

717,518

1,380,796

1,003,707

CREDITORS

Amounts falling due within one year

6

(1,037,524

)

(697,005

)

NET CURRENT ASSETS

343,272

306,702

TOTAL ASSETS LESS CURRENT LIABILITIES

343,272

307,043

CREDITORS

Amounts falling due after more than one year

7

(312,427

)

(248,387

)

NET ASSETS

30,845

58,656

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

30,844

58,655

SHAREHOLDERS' FUNDS

30,845

58,656

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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

The financial statements were approved by the director and authorised for issue on 9 December 2025 and were signed by:

Mr P S Dosanjh - Director

1.	STATUTORY INFORMATION

Welcome Energy Ltd is a private company, limited by shares , registered in England and Wales. 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 Section1A "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 pound.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,value added tax and other sales taxes.

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

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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

Financial instruments

Cash and cash equivalents

Cash and cash equivalents comprises cash on hand and all deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payables are classified as current liabilities of the company does not have an unconditional right at the end of the reporting period to refer settlements of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlements for at least twelve months after the reporting date they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Going concern

As part of their assessment of going concern, the directors of the company have considered the liquidity position and funding requirements for at least 12 months from the date of approval of these financial statements. The directors consider it appropriate to prepare the financial statement on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

and 31 March 2025

4,016

DEPRECIATION

At 1 April 2024

3,675

Charge for year

341

At 31 March 2025

4,016

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

341

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

241,978

283,229

Client Account

897

-

Amounts owed by group undertakings

318

318

Directors' current accounts

21

21

Prepayments

2,318

2,621

245,532

286,189

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

80,020

59,716

Tax

30,700

36,478

Social security and other taxes

6,366

6,074

Pensions Payable

1,099

1,021

VAT

17,202

14,589

Other creditors

893,755

577,527

Accrued expenses

8,382

1,600

1,037,524

697,005

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed to group undertakings

312,427

248,387

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1

Ordinary shares

1

1

1

9.

RESERVES

Retained

earnings

£

At 1 April 2024

58,655

Deficit for the year

(27,811

)

At 31 March 2025

30,844

10.	RELATED PARTY DISCLOSURES

Included within other debtors is £318 (2024: £318) being amounts receivable from Spark Properties Limited a company under common control by virtue of common shareholding.

Included within other creditors is £312,427 (2024 : £248,387) being are amounts payable to the company’s parent, Regal Marketing Solutions Limited.

During the financial year the directors of the Company, did not receive any remuneration, salary, fees, or other benefits from the Company in respect of their services as a director or in any other capacity. No amounts were paid to or accrued for the benefit of the director, either directly or indirectly, through any related entities.

11.	PARENT COMPANY

The company is a wholly owned subsidiary of Regal Marketing Solutions Limited, a company registered in England and Wales. The registered office of Regal Marketing Solutions Limited is Monarch House, 7-9 Stafford Road, Wallington, Surrey, SM6 9AN. The financial statements are available to the public and may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.