Relate AccountsProduction v2.6.3 v2.6.3 2022-03-02 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the business is the manufacture of fabricated metal products. 11 May 2023 NI686269 2023-03-31 NI686269 2022-03-01 NI686269 2022-03-02 2023-03-31 NI686269 uk-bus:PrivateLimitedCompanyLtd 2022-03-02 2023-03-31 NI686269 uk-bus:AbridgedAccounts 2022-03-02 2023-03-31 NI686269 uk-core:ShareCapital 2023-03-31 NI686269 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI686269 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 NI686269 uk-bus:FRS102 2022-03-02 2023-03-31 NI686269 uk-core:PlantMachinery 2022-03-02 2023-03-31 NI686269 uk-core:FurnitureFittingsToolsEquipment 2022-03-02 2023-03-31 NI686269 uk-core:MotorVehicles 2022-03-02 2023-03-31 NI686269 2022-03-02 2023-03-31 NI686269 uk-bus:Director1 2022-03-02 2023-03-31 NI686269 uk-bus:AuditExempt-NoAccountantsReport 2022-03-02 2023-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI686269
 
 
WELDONE LIMITED
 
Abridged Unaudited Financial Statements
 
for the financial period from 2 March 2022 (date of incorporation) to 31 March 2023
WELDONE LIMITED
Company Registration Number: NI686269
ABRIDGED BALANCE SHEET
as at 31 March 2023

Mar 23
Notes £
 
Fixed Assets
Tangible assets 6 82,479
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Current Assets
Stocks 26,780
Debtors 127,966
Cash and cash equivalents 38,810
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193,556
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Creditors: amounts falling due within one year (125,057)
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Net Current Assets 68,499
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Total Assets less Current Liabilities 150,978
 
Creditors:
amounts falling due after more than one year (136,726)
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Net Assets 14,252
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Capital and Reserves
Called up share capital 400
Retained earnings 13,852
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Equity attributable to owners of the company 14,252
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The financial statements have been prepared 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).
       
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
       
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
       
For the financial period from 2 March 2022 (date of incorporation) to 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
       
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
       
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.
       
Approved by the Board and authorised for issue on 11 May 2023 and signed on its behalf by
       
________________________________      
Mr. Brian McDonald      
Director      
       



WELDONE LIMITED
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial period from 2 March 2022 (date of incorporation) to 31 March 2023

   
1. General Information
 
WELDONE LIMITED is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI686269. The registered office of the company is 9 Killycolpy Road, Dungannon, Co Tyrone, BT71 5EZ, Northern Ireland. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial period ended 31 March 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 10% Straight line
  Fixtures, fittings and equipment - 10% Straight line
  Motor vehicles - 25% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Stocks
Stock and work in progress is valued at the lower of cost and net realisable value.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
   
3. Period of financial statements
 
The financial statements are for the 12 month 30 days period from 2 March 2022 (date of incorporation) to 31 March 2023.
   
4. Statement on previous periods
 
The company did not present financial statements for previous periods.
     
5. Employees
 
The average monthly number of employees, including directors, during the financial period was 8, (Mar 22 - 0).
 
  Mar 23
  Number
 
Cost of sales 3
Administrative 5
  ─────────
  8
  ═════════
           
6. Tangible assets
  Plant and Fixtures, Motor Total
  machinery fittings and vehicles  
    equipment    
  £ £ £ £
Cost
At 2 March 2022 - - - -
Additions 93,899 4,200 5,000 103,099
  ───────── ───────── ───────── ─────────
At 31 March 2023 93,899 4,200 5,000 103,099
  ───────── ───────── ───────── ─────────
Depreciation
At 2 March 2022 - - - -
Charge for the financial period 18,780 840 1,000 20,620
  ───────── ───────── ───────── ─────────
At 31 March 2023 18,780 840 1,000 20,620
  ───────── ───────── ───────── ─────────
Net book value
At 31 March 2023 75,119 3,360 4,000 82,479
  ═════════ ═════════ ═════════ ═════════
     
7. Capital commitments
 
The company had no material capital commitments at the financial period-ended 31 March 2023.
   
8. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial period-end.