Company Registration No. 05766291 (England and Wales)
Welmac UK Ltd
Unaudited accounts
for the year ended 30 April 2023
Welmac UK Ltd
Unaudited accounts
Contents
Welmac UK Ltd
Company Information
for the year ended 30 April 2023
Directors
Mr A Balfe
Mr J Doy
Company Number
05766291 (England and Wales)
Registered Office
Holme Close
Main Road
Welbourn
Lincolnshire
LN5 0QL
Accountants
Mike Behan Accountant
21 Millbrook Close
North Hykeham
Lincoln
LN6 9TA
Welmac UK Ltd
Statement of financial position
as at 30 April 2023
Tangible assets
19,496
76,274
Cash at bank and in hand
91,983
110,538
Creditors: amounts falling due within one year
(18,905)
(119,035)
Net current assets
90,556
82,873
Total assets less current liabilities
110,052
159,147
Provisions for liabilities
Deferred tax
(3,704)
(14,492)
Net assets
106,348
144,655
Called up share capital
2
2
Profit and loss account
106,346
144,653
Shareholders' funds
106,348
144,655
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 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.
The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2023 and were signed on its behalf by
Mr A Balfe
Director
Company Registration No. 05766291
Welmac UK Ltd
Notes to the Accounts
for the year ended 30 April 2023
Welmac UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 05766291. The registered office is Holme Close, Main Road, Welbourn, Lincolnshire, LN5 0QL.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% On Reducing balance
Motor vehicles
25% On Reducing Balance
Fixtures & fittings
15% On Reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2022
195,648
61,895
2,197
259,740
Disposals
(60,738)
(15,150)
-
(75,888)
At 30 April 2023
134,910
46,745
2,197
183,852
At 1 May 2022
134,109
47,818
1,539
183,466
Charge for the year
5,941
1,460
99
7,500
On disposals
(15,796)
(10,814)
-
(26,610)
At 30 April 2023
124,254
38,464
1,638
164,356
At 30 April 2023
10,656
8,281
559
19,496
At 30 April 2022
61,539
14,077
658
76,274
Welmac UK Ltd
Notes to the Accounts
for the year ended 30 April 2023
Amounts falling due within one year
Trade debtors
12,478
56,370
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
291
11,472
Taxes and social security
12,526
16,228
Loans from directors
1,498
68,498
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Transactions with related parties
A Balfe, Director
Received dividends totalling £ 32,600 (2022 : £ 38,035).
J Doy, Director
Received dividends totalling £ 32,600 (2022 : £ 38,035).
The company is controlled by the director's as a body but there is no single controlling party.
10
Average number of employees
During the year the average number of employees was 2 (2022: 6).