Company Registration No. 3156549 (England and Wales)
Control Gear (Weldex) Limited
Unaudited accounts
for the year ended 30 April 2018
Control Gear (Weldex) Limited
Unaudited accounts
Contents
Control Gear (Weldex) Limited
Company Information
for the year ended 30 April 2018
Directors
R V Bevan
G Bevan
Company Number
3156549 (England and Wales)
Registered Office
Heol Groeswen
Treforest Industrial Estate
Pontypridd
CF37 5YF
Accountants
R H Jeffs & Rowe Ltd
27-28 Gelliwastad Road
Pontypridd
CF37 2BW
Control Gear (Weldex) Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Control Gear (Weldex) Limited for the year ended 30 April 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Control Gear (Weldex) Limited for the year ended
30 April 2018 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Control Gear (Weldex) Limited, as a body, in accordance with the terms of our engagement letter dated 30 June 2016. Our work has been undertaken solely to prepare for your approval the accounts of Control Gear (Weldex) Limited and state those matters that we have agreed to state to the Board of Directors of Control Gear (Weldex) Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Control Gear (Weldex) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Control Gear (Weldex) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Control Gear (Weldex) Limited. You consider that Control Gear (Weldex) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Control Gear (Weldex) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
R H Jeffs & Rowe Ltd
Chartered Accountants
27-28 Gelliwastad Road
Pontypridd
CF37 2BW
2 November 2018
Control Gear (Weldex) Limited
Statement of financial position
as at 30 April 2018
Tangible assets
41,440
41,440
Cash at bank and in hand
10,717
10,717
Creditors: amounts falling due within one year
(100,000)
(80,000)
Net current assets
10,717
10,717
Called up share capital
100
100
Profit and loss account
52,881
52,881
Shareholders' funds
52,981
52,981
For the year ending 30 April 2018 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.
Approved by the Board on 2 November 2018.
R V Bevan
Director
Company Registration No. 3156549
Control Gear (Weldex) Limited
Notes to the Accounts
for the year ended 30 April 2018
Control Gear (Weldex) Limited is a private company, limited by shares, registered in England and Wales, registration number 3156549. The registered office is Heol Groeswen, Treforest Industrial Estate, Pontypridd, CF37 5YF.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Tangible fixed assets
Land & buildings
5
Investments
Subsidiary undertakings
Valuation at 1 May 2017
824
Valuation at 30 April 2018
824
Amounts due from group undertakings etc.
100,000
80,000
7
Creditors: amounts falling due within one year
2018
2017
Proposed dividends
100,000
80,000
Control Gear (Weldex) Limited
Notes to the Accounts
for the year ended 30 April 2018
8
Transactions with related parties
The directors hold positions as directors of other related companies. These companies do not form a group as defined by company legislation and consolidated financial statements are not prepared.
During the year, the Company traded with these related companies on normal terms. It also rendered or received services and provided or received financial support:-
(a) The amount due to or from these related companies at the Balance Sheet date are shown in notes the debtors and creditors notes to the financial statements.
(b) The Company has given guarantees in respect of the bank borrowings of the following related companies:-
Control Gear Limited
Control Gear (Automation) Limited
Control Gear (Automation) Limited
Control Gear Fluid Power Limited
Control Gear (Group) Limited
Control Gear (Hydraulics) Limited
Control Gear (International) Limited
Powergear Spray & Air Limited
Swansea Hydraulics Limited
Series 2000 Limited
Secure Winner Limited
The directors are of the opinion that no liabilities will materialise under these guarantees.
(c) Where related companies share trading premises, rent and charges for the provision of services is paid or received where appropriate.
9
Average number of employees
During the year the average number of employees was 0 (2017: 0).