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Company Registration No. 3156549 (England and Wales)
Control Gear (Weldex) Limited Unaudited accounts for the year ended 30 April 2023
Control Gear (Weldex) Limited Unaudited accounts Contents
Page
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Control Gear (Weldex) Limited Company Information for the year ended 30 April 2023
Director
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
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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 2023
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 2023 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 loss 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 23 October 2023
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Control Gear (Weldex) Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
41,440 
Investments
824 
824 
824 
42,264 
Current assets
Debtors
40,615 
100,615 
Cash at bank and in hand
100 
100 
40,715 
100,715 
Creditors: amounts falling due within one year
- 
(100,000)
Net current assets
40,715 
715 
Net assets
41,539 
42,979 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
41,439 
42,879 
Shareholders' funds
41,539 
42,979 
For the year ending 30 April 2023 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 director acknowledges his 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.
The financial statements were approved by the Board and authorised for issue on 20 October 2023 and were signed on its behalf by
G Bevan Director Company Registration No. 3156549
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Control Gear (Weldex) Limited Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 May 2022
41,440 
Disposals
(41,440)
At 30 April 2023
- 
Depreciation
At 30 April 2023
- 
Net book value
At 30 April 2023
- 
At 30 April 2022
41,440 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 May 2022
824 
Valuation at 30 April 2023
824 
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Control Gear (Weldex) Limited Notes to the Accounts for the year ended 30 April 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
40,615 
100,615 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Proposed dividends
- 
100,000 
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 Fluid Power Limited Control Gear (Group) Limited Control Gear (Hydraulics) Limited Powergear Spray & Air 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 (2022: 0).
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