REGISTERED NUMBER: 10280975 (England and Wales)

REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2024

FOR

WELOCATE LIMITED

Page

Company Information

1

Report of the Director

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

7

DIRECTOR:

Mr D G Warburton

REGISTERED OFFICE:

Unit A7, Suite A4, Ashworth House Rear

Deakins Business Park

Blackburn Road

Bolton

Lancashire

BL7 9RP

REGISTERED NUMBER:

10280975 (England and Wales)

ACCOUNTANTS:

Cadishead Accountancy Services Limited

Britannic House

657 Liverpool Road

Irlam

Manchester

Lancashire

M44 5XD

The director presents his report with the financial statements of the company for the year ended 30 December 2024.

DIRECTORS

Mr M Plano - resigned 23.12.24

The beneficial interest of the director holding office at 30 December 2024 in the shares of the company, according to the register of directors' interests, was as follows:

31.12.23

or date of

appointment

30.12.24

if later

Ordinary shares of £1.00 each

Mr D G Warburton - appointed 23.12.24

1

1

He did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr D G Warburton - Director

24 December 2025

FIXED ASSETS

Tangible assets

4

2,448

2,954

CURRENT ASSETS

Debtors

5

-

1

Cash at bank

61,191

90,084

61,191

90,085

CREDITORS

Amounts falling due within one year

6

(269,859

)

(280,223

)

NET CURRENT LIABILITIES

(208,668

)

(190,138

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(206,220

)

(187,184

)

CREDITORS

Amounts falling due after more than one year

7

(25,240

)

(30,536

)

NET LIABILITIES

(231,460

)

(217,720

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(231,461

)

(217,721

)

SHAREHOLDERS' FUNDS

(231,460

)

(217,720

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2024 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 December 2025 and were signed by:

Mr D G Warburton - Director

1.	STATUTORY INFORMATION

Welocate Limited 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 Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 31 December 2023

4,001

6,575

7,415

17,991

Additions

-

-

434

434

At 30 December 2024

4,001

6,575

7,849

18,425

DEPRECIATION

At 31 December 2023

2,884

5,011

7,142

15,037

Charge for year

279

391

270

940

At 30 December 2024

3,163

5,402

7,412

15,977

NET BOOK VALUE

At 30 December 2024

838

1,173

437

2,448

At 30 December 2023

1,117

1,564

273

2,954

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.24

30.12.23

£

£

Other debtors

-

1

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.24

30.12.23

£

£

Bank loans and overdrafts

6,215

6,215

Taxation and social security

21,126

23,692

Other creditors

242,518

250,316

269,859

280,223

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.12.24

30.12.23

£

£

Bank loans

25,240

30,536

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.12.24

30.12.23

£

£

Within one year

2,850

3,840

9.	RELATED PARTY DISCLOSURES

Included within creditors due within one year is £191,208 (2023 - £191,208) owed to Plano Limited.

Included within creditors due within one year is £71,359 (2023 - £76,292) owed to Welocate Finance Limited.

Mr M Plano was a director and shareholder until 23 December 2024. he is also a director and shareholder at Plano Limited and Welocate Finance Limited which are companies registered in England and Wales.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D G Warburton.