| The Wells Practice Limited |
| Registered number: |
08468721 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
6,000 |
|
|
6,750 |
| Tangible assets |
4 |
|
|
2,933 |
|
|
660 |
|
|
|
|
8,933 |
|
|
7,410 |
|
| Current assets |
| Debtors |
5 |
|
345 |
|
|
246 |
| Cash at bank and in hand |
|
|
17,235 |
|
|
21,669 |
|
|
|
17,580 |
|
|
21,915 |
|
| Creditors: amounts falling due within one year |
6 |
|
(7,285) |
|
|
(5,529) |
|
| Net current assets |
|
|
|
10,295 |
|
|
16,386 |
|
| Net assets |
|
|
|
19,228 |
|
|
23,796 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
19,128 |
|
|
23,696 |
|
| Shareholder's funds |
|
|
|
19,228 |
|
|
23,796 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his 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. |
|
|
|
|
| FW Johnson |
| Director |
| Approved by the board on 15 December 2025 |
|
| The Wells Practice Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 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. |
|
|
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: |
|
|
Fixtures, fittings and equipment |
25% on written down value |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), 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. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 April 2024 |
15,000 |
|
At 31 March 2025 |
15,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2024 |
8,250 |
|
Provided during the year |
750 |
|
At 31 March 2025 |
9,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
6,000 |
|
At 31 March 2024 |
6,750 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Fittings & equipment |
| £ |
|
Cost |
|
At 1 April 2024 |
3,066 |
|
Additions |
3,250 |
|
At 31 March 2025 |
6,316 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
2,406 |
|
Charge for the year |
977 |
|
At 31 March 2025 |
3,383 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
2,933 |
|
At 31 March 2024 |
660 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
345 |
|
246 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Director's loan account |
|
34 |
|
(7) |
|
Taxation and social security costs |
5,901 |
|
4,309 |
|
Other creditors |
1,350 |
|
1,227 |
|
|
|
|
|
|
7,285 |
|
5,529 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Controlling party |
|
|
FW Johnson controls the company by virtue of his holding of 100% of the issued share capital. |
|
|
| 8 |
Other information |
|
|
The Wells Practice Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
16 Wells Promenade |
|
Ilkley |
|
West Yorkshire |
|
LS29 9LF |