Wellvene Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

Report to the directors on the preparation of the unaudited statutory accounts of Wellvene Limited for the year ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Wellvene Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Wellvene Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Wellvene Limited and state those matters that we have agreed to state to the directors of Wellvene Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wellvene Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Wellvene Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Wellvene Limited . You consider that Wellvene Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Wellvene Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

22 December 2025

Nuvo Scotland Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeen

AB12 4XX

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Wellvene Limited

Balance Sheet

As At 30 April 2025

Balance Sheet

Registered number: SC564656

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		769		873
Tangible Assets	5		1,843,632		1,052,127
Investments	6		5,510		5,510

			1,849,911		1,058,510
CURRENT ASSETS
Stocks	7	104,309		188,141
Debtors	8	1,057,903		766,103
Cash at bank and in hand		798,300		1,900,913

		1,960,512		2,855,157
Creditors: Amounts Falling Due Within One Year	9	(656,170 )		(1,186,780 )

NET CURRENT ASSETS (LIABILITIES)			1,304,342		1,668,377

TOTAL ASSETS LESS CURRENT LIABILITIES			3,154,253		2,726,887

Creditors: Amounts Falling Due After More Than One Year	10		(199,673 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation			(460,908 )		(262,856 )

NET ASSETS			2,493,672		2,464,031

CAPITAL AND RESERVES
Called up share capital	12		1,000		1,000
Profit and Loss Account			2,492,672		2,463,031

SHAREHOLDERS' FUNDS			2,493,672		2,464,031

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Wellvene Limited

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their 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

Mr B Larkins

Director

22 December 2025

The notes on pages 4 to 8 form part of these financial statements.

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Wellvene Limited

Notes to the Financial Statements

For The Year Ended 30 April 2025

Notes to the Financial Statements

1. General Information

Wellvene Limited is a private company, limited by shares, incorporated in Scotland, registered number SC564656 . The registered office is C/O Nuvo Scotland Limited, Bankhead Drive, City South Office Park, Portlethen, Aberdeenshire, AB12 4XX.

The presentation currency of the financial statements is the Pound Sterling (£).

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Licences are being amortised evenly over their estimated useful life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Assets held under finance leases are depreciated in the same way as owned assets.

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	33% straight line
Computer Equipment	33% straight line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

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Wellvene Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.

Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

2.8. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.9. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.10. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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Wellvene Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

2.11. Investment in Subsidiary

Investment in subsidiary is recognised at cost less any provision for impairement. Carrying values of the investment in subsidiary are reviewed at the end of each reporting period for any indication of impairement with any effect accounted for in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 21 (2024: 19)

4. Intangible Assets

	Other
	£
Cost
As at 1 May 2024	1,037

As at 30 April 2025	1,037

Amortisation
As at 1 May 2024	164
Provided during the period	104

As at 30 April 2025	268

Net Book Value
As at 30 April 2025	769

As at 1 May 2024	873

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 May 2024	1,974,401	38,859	27,974	37,985	2,079,219
Additions	998,751	281,719	9,059	11,050	1,300,579
Disposals	(49,972 )	(12,800 )	-	(1,312 )	(64,084 )

As at 30 April 2025	2,923,180	307,778	37,033	47,723	3,315,714

Depreciation
As at 1 May 2024	954,931	25,704	19,853	26,604	1,027,092
Provided during the period	450,607	12,528	6,426	8,040	477,601
Disposals	(24,349 )	(6,950 )	-	(1,312 )	(32,611 )

As at 30 April 2025	1,381,189	31,282	26,279	33,332	1,472,082

Net Book Value
As at 30 April 2025	1,541,991	276,496	10,754	14,391	1,843,632

As at 1 May 2024	1,019,470	13,155	8,121	11,381	1,052,127

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	272,030	-

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Wellvene Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 May 2024	5,510

As at 30 April 2025	5,510

Provision
As at 1 May 2024	-

As at 30 April 2025	-

Net Book Value
As at 30 April 2025	5,510

As at 1 May 2024	5,510

7. Stocks

	2025	2024
	£	£
Stock	21,955	20,163
Work in progress	82,354	167,978

	104,309	188,141

8. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	748,998	446,825
Prepayments and accrued income	85,861	170,858
Other debtors	301	671
VAT	69,615	-
Amounts owed by group undertakings	153,128	147,749

	1,057,903	766,103

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	28,374	-
Trade creditors	506,049	251,016
Corporation tax	21,821	280,708
Other taxes and social security	33,997	41,153
VAT	-	2,487
Other creditors	11,695	10,699
Accruals and deferred income	53,517	600,000
Directors' loan accounts	717	717

	656,170	1,186,780

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Wellvene Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

10. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	199,673	-

11. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 May 2024	262,856	262,856
Deferred taxation	198,052	198,052

Balance at 30 April 2025	460,908	460,908

12. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
800 Ordinary Shares of £ 1.00 each	800	800
50 Ordinary A shares of £ 1.00 each	50	50
50 Ordinary B shares of £ 1.00 each	50	50
50 Ordinary C shares of £ 1.00 each	50	50
50 Ordinary D shares of £ 1.00 each	50	50

	1,000	1,000

13. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	62,808	60,400
Later than one year and not later than five years	15,897	64,667

	78,705	125,067

14. Directors Advances, Credits and Guarantees

Included within Creditors are the following loans due to directors:

	As at 1 May 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 April 2025
	£	£	£	£	£
Mr Michael Fraser	(323 )	-	-	-	(323 )
Mr Craig Parley	(394 )	-	-	-	(394 )

The above loans are interest free and have no fixed repayment terms.

15. Related Party Transactions

As at 30 April 2025, there is a loan balance of £153,128 (2024 - £147,749) outstanding due from a company that is owned and controlled by Wellvene Limited.

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