Welocate Limited - Accounts to registrar (filleted) - small 18.2
Welocate Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| REPORT OF THE DIRECTOR AND |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2020 |
| FOR |
| WELOCATE LIMITED |
| WELOCATE LIMITED (REGISTERED NUMBER: 10280975) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 December 2020 |
| Page |
| Company Information | 1 |
| Report of the Director | 2 |
| Balance Sheet | 3 | to | 4 |
| Notes to the Financial Statements | 5 | to | 7 |
| WELOCATE LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 December 2020 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Britannic House |
| 657 Liverpool Road |
| Irlam |
| Manchester |
| Lancashire |
| M44 5XD |
| WELOCATE LIMITED (REGISTERED NUMBER: 10280975) |
| REPORT OF THE DIRECTOR |
| for the Year Ended 31 December 2020 |
| The director presents his report with the financial statements of the company for the year ended 31 December 2020. |
| DIRECTOR |
| His beneficial interest in the shares of the company, according to the register of directors' interests, was as follows: |
| 31.12.20 | 1.1.20 |
| Ordinary shares of £1.00 each | 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: |
| WELOCATE LIMITED (REGISTERED NUMBER: 10280975) |
| BALANCE SHEET |
| 31 December 2020 |
| 31.12.20 | 31.12.19 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| WELOCATE LIMITED (REGISTERED NUMBER: 10280975) |
| BALANCE SHEET - continued |
| 31 December 2020 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| WELOCATE LIMITED (REGISTERED NUMBER: 10280975) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 December 2020 |
| 1. | STATUTORY INFORMATION |
| Welocate Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Government grants |
| During the period the company benefited from government grants in the form of the Coronavirus Job Retention Scheme. In accordance with our accounting policy this credit is included in other income within the Income Statement over the same period as the staff costs for which it compensates. |
| 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 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 |
| WELOCATE LIMITED (REGISTERED NUMBER: 10280975) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 December 2020 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 January 2020 |
| Additions |
| At 31 December 2020 |
| DEPRECIATION |
| At 1 January 2020 |
| Charge for year |
| At 31 December 2020 |
| NET BOOK VALUE |
| At 31 December 2020 |
| At 31 December 2019 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.20 | 31.12.19 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.20 | 31.12.19 |
| £ | £ |
| Bank loans and overdrafts |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.12.20 | 31.12.19 |
| £ | £ |
| Bank loans |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 31.12.20 | 31.12.19 |
| £ | £ |
| Within one year |
| WELOCATE LIMITED (REGISTERED NUMBER: 10280975) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 December 2020 |
| 9. | RELATED PARTY DISCLOSURES |
| Included within creditors due within one year is £191,208 (2018 - £192,408) owed to Plano Limited. |
| Included within creditors due within one year is £29,931(2018 - £29,931) owed to Welocate Finance Limited. |
| Mr M Plano is 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 M Plano. |