Welfare Healthcare (UK) Ltd

Welfare Healthcare (UK) Ltd

WELFARE HEALTHCARE (UK) LTD - Company Information

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1 August 2020 false No description of principal activity Taxfiler 2022.3.2 08624459business:PrivateLimitedCompanyLtd2020-08-012021-07-31 086244592020-07-31 086244592020-08-012021-07-31 08624459business:AuditExempt-NoAccountantsReport2020-08-012021-07-31 08624459business:FullAccounts2020-08-012021-07-31 086244592021-07-31 08624459business:Director12020-08-012021-07-31 08624459business:Director22020-08-012021-07-31 08624459business:Director32020-08-012021-07-31 08624459business:RegisteredOffice2020-08-012021-07-31 086244592020-07-31 08624459core:WithinOneYear2021-07-31 08624459core:WithinOneYear2020-07-31 08624459core:AfterOneYear2021-07-31 08624459core:AfterOneYear2020-07-31 08624459core:ShareCapital2021-07-31 08624459core:ShareCapital2020-07-31 08624459core:RetainedEarningsAccumulatedLosses2021-07-31 08624459core:RetainedEarningsAccumulatedLosses2020-07-31 08624459business:SmallEntities2020-08-012021-07-31 08624459countries:EnglandWales2020-08-012021-07-31 08624459core:PlantMachinery2020-08-012021-07-31 08624459core:MotorVehicles2020-08-012021-07-31 08624459core:FurnitureFittings2020-08-012021-07-31 08624459core:Goodwill2020-07-31 08624459core:Goodwill2021-07-31 08624459core:Goodwill2020-08-012021-07-31 08624459core:PlantMachinery2020-07-31 08624459core:MotorVehicles2020-07-31 08624459core:FurnitureFittings2020-07-31 08624459core:PlantMachinery2021-07-31 08624459core:MotorVehicles2021-07-31 08624459core:FurnitureFittings2021-07-31 086244592019-08-012020-07-31 iso4217:GBP xbrli:pure
Company Registration No. 08624459 (England and Wales)
Welfare Healthcare (UK) Ltd Unaudited accounts for the year ended 31 July 2021
Welfare Healthcare (UK) Ltd Unaudited accounts Contents
Page
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Welfare Healthcare (UK) Ltd Company Information for the year ended 31 July 2021
Directors
Mr M H Bhaiji Mr H W Lim Mr Y H Thong
Company Number
08624459 (England and Wales)
Registered Office
68 FRIAR GATE DERBY DE1 1FP
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Welfare Healthcare (UK) Ltd Statement of financial position as at 31 July 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
285,260 
321,017 
Tangible assets
5
11,984 
15,492 
297,244 
336,509 
Current assets
Inventories
51,733 
72,767 
Debtors
6
513,283 
179,497 
Cash at bank and in hand
207,024 
634,515 
772,040 
886,779 
Creditors: amounts falling due within one year
7
(375,839)
(531,512)
Net current assets
396,201 
355,267 
Total assets less current liabilities
693,445 
691,776 
Creditors: amounts falling due after more than one year
8
(379,723)
(420,611)
Net assets
313,722 
271,165 
Capital and reserves
Called up share capital
210,000 
210,000 
Profit and loss account
103,722 
61,165 
Shareholders' funds
313,722 
271,165 
For the year ending 31 July 2021 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2022 and were signed on its behalf by
Mr H W Lim Director Company Registration No. 08624459
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Welfare Healthcare (UK) Ltd Notes to the Accounts for the year ended 31 July 2021
1
Statutory information
Welfare Healthcare (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 08624459. The registered office is 68 FRIAR GATE, DERBY, DE1 1FP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance Method
Motor vehicles
25% Reducing Balance Method
Fixtures & fittings
20% Reducing Balance Method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2020
515,066 
At 31 July 2021
515,066 
Amortisation
At 1 August 2020
194,049 
Charge for the year
35,757 
At 31 July 2021
229,806 
Net book value
At 31 July 2021
285,260 
At 31 July 2020
321,017 
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Welfare Healthcare (UK) Ltd Notes to the Accounts for the year ended 31 July 2021
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2020
10,760 
19,645 
10,000 
40,405 
At 31 July 2021
10,760 
19,645 
10,000 
40,405 
Depreciation
At 1 August 2020
8,586 
13,661 
2,666 
24,913 
Charge for the year
544 
1,496 
1,468 
3,508 
At 31 July 2021
9,130 
15,157 
4,134 
28,421 
Net book value
At 31 July 2021
1,630 
4,488 
5,866 
11,984 
At 31 July 2020
2,174 
5,984 
7,334 
15,492 
6
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
225,832 
138,620 
Other debtors
287,451 
40,877 
513,283 
179,497 
7
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
40,888 
40,888 
Trade creditors
277,487 
431,860 
Taxes and social security
26,464 
27,764 
Proposed dividends
31,000 
31,000 
375,839 
531,512 
8
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
379,723 
420,611 
9
Average number of employees
During the year the average number of employees was 11 (2020: 9).
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