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REGISTERED NUMBER: 04681071 (England and Wales)













EXPRESS WELDING & ENGINEERING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






EXPRESS WELDING & ENGINEERING LIMITED (REGISTERED NUMBER: 04681071)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


EXPRESS WELDING & ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr. N D Gray





SECRETARY: Mrs K Gray





REGISTERED OFFICE: 26 Hillside Close
Barry
Wales
CF63 2QP





REGISTERED NUMBER: 04681071 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

EXPRESS WELDING & ENGINEERING LIMITED (REGISTERED NUMBER: 04681071)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,522 2,004
1,522 2,004

CURRENT ASSETS
Stocks 600 600
Debtors 6 10,991 7,491
Cash at bank and in hand 9,643 10,540
21,234 18,631
CREDITORS
Amounts falling due within one year 7 8,133 5,633
NET CURRENT ASSETS 13,101 12,998
TOTAL ASSETS LESS CURRENT LIABILITIES 14,623 15,002

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 14,622 15,001
SHAREHOLDERS' FUNDS 14,623 15,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

EXPRESS WELDING & ENGINEERING LIMITED (REGISTERED NUMBER: 04681071)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2023 and were signed by:





Mr. N D Gray - Director


EXPRESS WELDING & ENGINEERING LIMITED (REGISTERED NUMBER: 04681071)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Express Welding & Engineering 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% straight line on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

EXPRESS WELDING & ENGINEERING LIMITED (REGISTERED NUMBER: 04681071)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 April 2022
and 31 March 2023 5,320
AMORTISATION
At 1 April 2022
and 31 March 2023 5,320
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
COST
At 1 April 2022
and 31 March 2023 8,584 16,713 652 25,949
DEPRECIATION
At 1 April 2022 7,321 15,972 652 23,945
Charge for year 316 166 - 482
At 31 March 2023 7,637 16,138 652 24,427
NET BOOK VALUE
At 31 March 2023 947 575 - 1,522
At 31 March 2022 1,263 741 - 2,004

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 2,310 1,752
Other debtors 8,681 5,739
10,991 7,491

EXPRESS WELDING & ENGINEERING LIMITED (REGISTERED NUMBER: 04681071)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 4,161 3,544
Taxation and social security 2,972 1,114
Other creditors 1,000 975
8,133 5,633

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1 Ordinary £1 1 1