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REGISTERED NUMBER: 01094864 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Industrial & Welding Ovens Limited

Industrial & Welding Ovens Limited (Registered number: 01094864)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Industrial & Welding Ovens Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: F Cara
RJ Purcell





REGISTERED OFFICE: Unit 5
Station Road
Furness Vale
High Peak
SK23 7QA





REGISTERED NUMBER: 01094864 (England and Wales)





ACCOUNTANTS: Paul Summers & Co
28A Church Lane
Marple
Stockport
Cheshire
SK6 6DE

Industrial & Welding Ovens Limited (Registered number: 01094864)

Balance Sheet
31 March 2022

31/3/22 31/3/21
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 4,453 3,141

CURRENT ASSETS
Inventories 38,746 74,682
Debtors 5 60,995 50,077
Cash at bank 84,524 40,803
184,265 165,562
CREDITORS
Amounts falling due within one year 6 (24,372 ) (55,500 )
NET CURRENT ASSETS 159,893 110,062
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,346

113,203

CAPITAL AND RESERVES
Called up share capital 7 20 20
Retained earnings 8 164,326 113,183
SHAREHOLDERS' FUNDS 164,346 113,203

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 23 June 2022 and were signed on its behalf by:




RJ Purcell - Director


Industrial & Welding Ovens Limited (Registered number: 01094864)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Industrial & Welding Ovens 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.

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 - 20% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

Industrial & Welding Ovens Limited (Registered number: 01094864)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2021 1,500 28,343 2,048 7,844 39,735
Additions - 2,050 - - 2,050
At 31 March 2022 1,500 30,393 2,048 7,844 41,785
DEPRECIATION
At 1 April 2021 - 27,941 2,048 6,605 36,594
Charge for year - 490 - 248 738
At 31 March 2022 - 28,431 2,048 6,853 37,332
NET BOOK VALUE
At 31 March 2022 1,500 1,962 - 991 4,453
At 31 March 2021 1,500 402 - 1,239 3,141

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/22 31/3/21
£    £   
Trade debtors 60,884 50,077
Other debtors 111 -
60,995 50,077

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/22 31/3/21
£    £   
Bank loans and overdrafts - 40,000
Trade creditors 8,104 1,843
Taxation and social security 12,455 10,424
Other creditors 3,813 3,233
24,372 55,500

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31/3/22 31/3/21
value: £    £   
20 Ordinary £1 20 20

Industrial & Welding Ovens Limited (Registered number: 01094864)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

8. RESERVES
Retained
earnings
£   

At 1 April 2021 113,183
Profit for the year 51,143
At 31 March 2022 164,326