Wellgate Business Limited
Wellgate Business Limited
Registered number: 08691491
Unaudited Financial Statements
For The Year Ended 30 September 2017
Total Accounting Solutions
71 Far Gosford Street
Coventry
CV1 5DZ
Wellgate Business Limited
Unaudited Financial Statements
For The Year Ended 30 September 2017
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3—4 |
Wellgate Business Limited
Balance Sheet
As at
30 September 2017
Balance Sheet
Registered number:
08691491
For the year ending 30 September 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Stocks | 3 |
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| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 6 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | (4,093) | (1,535) | |||
Directors' responsibilities:
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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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Page 1
Wellgate Business Limited
Balance Sheet (continued)
As at
30 September 2017
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Wellgate Business Limited
Notes to the Financial Statements
For The Year Ended 30 September 2017
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
3.
Stocks
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| £ | £ | ||
| Stock - finished goods |
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4.
Debtors
| 2017 | 2016 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors |
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5.
Creditors: Amounts Falling Due Within One Year
| 2017 | 2016 | ||
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| £ | £ | ||
| Trade creditors |
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| Other taxes and social security |
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| Other creditors |
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6.
Creditors: Amounts Falling Due After More Than One Year
| 2017 | 2016 | ||
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| £ | £ | ||
| Bank loans |
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7.
Share Capital
| 2017 | 2016 | ||
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| Allotted, Called up and fully paid |
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Page 3
Wellgate Business Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2017
8.
General Information
Wellgate Business Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08691491 . The registered office is 32 Carlton Road, Barnsley, S71 1UF.
Page 4