Wells Senior Limited - Filleted accounts

Registered number

04878172

Wells Senior Limited

Filleted Accounts

31 March 2026

Wells Senior Limited
Registered number:		04878172
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		18,035			23,729

Current assets
Stocks		7,500			5,500
Debtors	4	86,873			119,350
Cash at bank and in hand		62,823			63,926
		157,196			188,776

Creditors: amounts falling due within one year	5	(38,874)			(82,457)

Net current assets			118,322			106,319

Total assets less current liabilities			136,357			130,048

Creditors: amounts falling due after more than one year	6		-			(2,500)

Provisions for liabilities			(3,426)			(4,508)


Net assets			132,931			123,040

Capital and reserves
Called up share capital			2			2
Profit and loss account			132,929			123,038

Shareholders' funds			132,931			123,040

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.




Mr G J Wells
Director
Approved by the board on 20 August 2026

Wells Senior Limited
Notes to the Accounts
for the year ended 31 March 2026


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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	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 & equipment	25 % reducing balance
	Bicycle	25 % reducing balance
	Motor vehicles	25 % reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	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. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			3		4


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2025	39,856		57,459		97,315
	Additions	323		-		323
	At 31 March 2026	40,179		57,459		97,638

	Depreciation
	At 1 April 2025	33,820		39,766		73,586
	Charge for the year	1,593		4,424		6,017
	At 31 March 2026	35,413		44,190		79,603

	Net book value
	At 31 March 2026	4,766		13,269		18,035
	At 31 March 2025	6,036		17,693		23,729


4	Debtors			2026		2025
£					£

	Trade debtors			76,715		113,077
	Other debtors			10,158		6,273
				86,873		119,350


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			2,500		10,000
	Trade creditors			1,164		8,670
	Taxation and social security costs			31,459		60,045
	Other creditors			3,751		3,742
				38,874		82,457


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			-		2,500


7	Pension commitments

	The company operates an Auto Enrolment Pension Scheme. The costs are expenses to the Profit and Loss account in the period to which they relate.


8	Other financial commitments			2026		2025
£					£

	Total future minimum payments under non-cancellable operating leases			3,800		12,812


9	Related party transactions

	The directors received salaries of £25,440 (2025: £25,440) during the year. The balance of the directors loan was £Nil (2025: £Nil) at the year end. Advances of £17,500 and repayments of £17,500 were made during the year, and no amounts were written off. This loan is interest free and repayable on demand.


10	Other information

	Wells Senior Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Gunnery House
	Gunnery Terrace
	Leamington Spa
	Warwickshire
	CV32 5PE