Wellers Retail Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10136313 (England and Wales)

Financial Statements for the Year Ended 30 April 2021

for

Wellers Retail Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Romit Patel

Mrs Purvi Patel

REGISTERED OFFICE:

Bridge House

9-13, Halbrook Lane

Coventry

United Kingdom

CV6 4AD

REGISTERED NUMBER:

10136313 (England and Wales)

ACCOUNTANTS:

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

FIXED ASSETS

Intangible assets

4

68,800

68,800

Property, plant and equipment

5

8,323

662

77,123

69,462

CURRENT ASSETS

Inventories

14,975

12,840

Debtors

6

7,133

2,087

Cash at bank and in hand

49,648

4,625

71,756

19,552

CREDITORS

Amounts falling due within one year

7

31,213

35,240

NET CURRENT ASSETS/(LIABILITIES)

40,543

(15,688

)

TOTAL ASSETS LESS CURRENT LIABILITIES

117,666

53,774

CREDITORS

Amounts falling due after more than one year

8

38,000

-

NET ASSETS

79,666

53,774

CAPITAL AND RESERVES

Called up share capital

9

200

200

Retained earnings

79,466

53,574

SHAREHOLDERS' FUNDS

79,666

53,774

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 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 13 January 2022 and were signed on its behalf by:

Mr Romit Patel - Director

1.	STATUTORY INFORMATION

Wellers Retail Limited 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

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.

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 etc

-

25% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2020

and 30 April 2021

68,800

NET BOOK VALUE

At 30 April 2021

68,800

At 30 April 2020

68,800

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 May 2020

1,424

Additions

10,436

At 30 April 2021

11,860

DEPRECIATION

At 1 May 2020

762

Charge for year

2,775

At 30 April 2021

3,537

NET BOOK VALUE

At 30 April 2021

8,323

At 30 April 2020

662

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Trade debtors

6,961

1,911

Other debtors

172

176

7,133

2,087

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Trade creditors

368

60

Taxation and social security

8,699

7,784

Other creditors

22,146

27,396

31,213

35,240

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.21

30.4.20

£

£

Bank loans

38,000

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.21

30.4.20

value:

£

£

200

Ordinary

£1

200

200