Wells & Co Flooring Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13113615 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

Wells & Co Flooring Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs K M Wells

D J Wells

REGISTERED OFFICE:

14 Withy Way

Cam

Dursley

Gloucestershire

GL11 5UP

REGISTERED NUMBER:

13113615 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

BANKERS:

Starling Bank

3rd Floor, 2 Finsbury Avenue

London

EC2M 2PP

FIXED ASSETS

Tangible assets

4

1,780

2,373

CURRENT ASSETS

Debtors

5

5,450

3,311

Cash at bank

55

20

5,505

3,331

CREDITORS

Amounts falling due within one year

6

7,142

5,599

NET CURRENT LIABILITIES

(1,637

)

(2,268

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

143

105

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

43

5

SHAREHOLDERS' FUNDS

143

105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2026 and were signed on its behalf by:

D J Wells - Director

1.	STATUTORY INFORMATION

Wells & Co Flooring 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 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 cost

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.

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.

Going concern

Despite net current liabilities of £1,637 (2025 - £2,268) at 31 January 2026, the accounts have been prepared on a going concern basis.

The directors have reviewed future cash flows and expressed their willingness to financially support the company for the foreseeable future and therefore consider it appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

Cost

At 1 February 2025

and 31 January 2026

7,500

646

8,146

Depreciation

At 1 February 2025

5,127

646

5,773

Charge for year

593

-

593

At 31 January 2026

5,720

646

6,366

Net book value

At 31 January 2026

1,780

-

1,780

At 31 January 2025

2,373

-

2,373

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

Trade debtors

1,338

-

Other debtors

4,112

3,311

5,450

3,311

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

Trade creditors

153

96

Taxation and social security

6,134

4,699

Other creditors

855

804

7,142

5,599

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025:

31/1/26

31/1/25

£

D J Wells

Balance outstanding at start of year

3,248

-

Amounts advanced

4,046

3,248

Amounts repaid

(3,248

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

4,046

3,248

The above unsecured loan, included within other debtors, is repaid within 9 months of the year end.