Wellsyke Ltd. in Kettering, NN15 7HH

Description

Data updated on: 01-11-2023

Wellsyke Ltd. may be found at Portland House, 11-13 Station Road in Kettering. The zip code is NN15 7HH. Wellsyke has existed in this business since the company was set up in 2001. The registered no. is 04283913. This firm changed its business name two times. Up till 2019 the company has delivered the services it's been known for as Motorhog Holdings but now the company is registered under the name Wellsyke Ltd.. This business's classified under the NACE and SIC code 70100: Activities of head offices. Wellsyke Limited. reported its latest accounts for the financial period up to 2022-02-28. The latest confirmation statement was filed on 2022-12-10.

In order to be able to match the demands of the clients, this company is continually improved by a body of four directors who are, to name just a few, Kerryanne M., Katrina M. and Richard M.. Their support has been of critical importance to the company for three years. Moreover, the director's efforts are constantly aided with by a secretary - David M., who was chosen by the company on 8th September 2001.

Previous company's names
Wellsyke Ltd. 2019-04-20
Motorhog Holdings Limited 2014-05-08
Doncaster Motor Spares Holdings Limited 2001-09-07

Financial data based on annual reports

Profit & Loss
Date of Accounts	2019-02-28	2020-02-28	2021-02-28	2022-02-28	2023-02-28
Currency

Balance Sheet
Cash Bank On Hand	1 022 704	533 730	569 661	1 250 602	1 451 265
Current Assets	1 212 055	966 785	935 336	1 541 429	1 795 144
Debtors	189 351	433 055	365 675	290 827	343 879
Net Assets Liabilities	9 116 451	10 139 591	11 452 318	12 122 253	18 574 247
Other Debtors		99 395	188 571	56 783	140 256
Property Plant Equipment	27 500	22 000	21 805	113 122

Other Financial Data
Audit Fees Expenses	3 000	3 000
Director Remuneration	20 700
Accumulated Depreciation Impairment Property Plant Equipment		5 500	10 951	39 232	63 736
Additions Other Than Through Business Combinations Investment Property Fair Value Model					39 941
Average Number Employees During Period	2	4	4	5	5
Bank Borrowings	9 003 421	8 400 000	8 032 354	7 025 734	6 066 636
Bank Borrowings Overdrafts	7 478 944	7 576 091	7 164 137	6 019 113	959 098
Creditors	7 478 944	7 576 091	7 164 137	6 019 113	1 361 930
Disposals Investment Property Fair Value Model				875 000	325 000
Fixed Assets	17 927 500	17 922 000	18 911 132	18 127 449	24 871 773
Increase From Depreciation Charge For Year Property Plant Equipment		5 500	5 451	28 281	24 504
Investment Property	17 900 000	17 900 000	18 325 000	17 450 000	24 150 000
Investment Property Fair Value Model	17 900 000	17 900 000	18 325 000	17 450 000	24 150 000
Investments Fixed Assets			564 327	564 327	564 327
Loans Owed By Related Parties				564 327
Net Current Assets Liabilities	-1 332 105	-206 318	-294 677	13 917	433 214
Other Creditors	794 207	52 280	39 470	111 559	23 750
Other Taxation Social Security Payable	201	961	259 907	331 605	330 687
Property Plant Equipment Gross Cost	27 500	27 500	32 756	152 354	221 182
Provisions For Liabilities Balance Sheet Subtotal					1 623 202
Total Additions Including From Business Combinations Property Plant Equipment			5 256	119 598	68 828
Total Assets Less Current Liabilities	16 595 395	17 715 682	18 616 455	18 141 366	25 304 987
Trade Creditors Trade Payables	84 935	64 471	62 419	77 727	48 395
Trade Debtors Trade Receivables	100 419	333 660	177 104	234 044	203 623
Accrued Liabilities Deferred Income	33 738	32 587
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss		-10 463
Administrative Expenses	474 017	452 505
Applicable Tax Rate	19	19
Cash Cash Equivalents Cash Flow Value	1 022 704
Comprehensive Income Expense	2 094 453	1 023 140
Corporation Tax Payable	67 876	161 096
Current Tax For Period	211 876	237 742
Deferred Tax Asset Debtors	88 932	99 395
Depreciation Amortisation Expense	114 574	5 500
Depreciation Expense Property Plant Equipment	114 574	5 500
Dividends Paid	104 500
Dividends Paid On Shares Interim	104 500
Further Item Gain Loss In Other Comprehensive Income Before Tax Component Total Other Comprehensive Income Before Tax	1 648 572
Gain Loss Before Tax On Sale Discontinued Operations	-300 000
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	974 178	-763 710
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-11 927	-233 241
Income Taxes Paid Refund Classified As Operating Activities	-280 243	-144 522
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	990 219	-488 974
Interest Expense On Bank Overdrafts	193 254	102 896
Interest Paid Classified As Operating Activities	-193 254	-102 896
Interest Payable Similar Charges Finance Costs	193 254	102 896
Net Cash Flows From Used In Financing Activities	-217 322	603 420
Net Cash Flows From Used In Investing Activities	1 037 536
Net Cash Flows From Used In Operating Activities	-1 810 433	-114 446
Net Cash Generated From Operations	-2 283 930	-361 864
Number Shares Issued Fully Paid		600 000
Operating Profit Loss	1 207 105	1 353 315
Other Comprehensive Income Expense Net Tax	1 545 202
Other Deferred Tax Expense Credit	-47 276	-10 463
Other Investments Other Than Loans			564 327
Other Loans Classified Under Investments			564 327
Par Value Share		1
Proceeds From Borrowings Classified As Financing Activities	-1 000 000
Profit Loss	549 251	1 023 140
Profit Loss On Ordinary Activities Before Tax	713 851	1 250 419
Provisions	-88 932	-99 395
Purchase Property Plant Equipment	-1 037 536
Repayments Borrowings Classified As Financing Activities	-782 678	-603 420
Social Security Costs	87	11 402
Staff Costs Employee Benefits Expense	20 787	108 156
Tax Expense Credit Applicable Tax Rate	135 632	237 580
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	19 244	162
Tax Tax Credit On Profit Or Loss On Ordinary Activities	164 600	227 279
Turnover Revenue	1 681 122	1 805 820
Wages Salaries	20 700	96 754