Company Registration No. 06970008 (England and Wales)
P E WELDRIGHT LIMITED
Unaudited accounts
for the year ended 30 September 2023
P E WELDRIGHT LIMITED
Unaudited accounts
Contents
P E WELDRIGHT LIMITED
Company Information
for the year ended 30 September 2023
Company Number
06970008 (England and Wales)
Registered Office
32 High Street
Staveley
Chesterfield
Derbyshire
S43 3UX
Accountants
Hammond & Co
36 Chesterfield Road
Market Street
Staveley
Derbyshire
S43 3UT
P E WELDRIGHT LIMITED
Statement of financial position
as at 30 September 2023
Cash at bank and in hand
8,811
25,840
Creditors: amounts falling due within one year
(18,296)
(50,182)
Net current assets
37,492
40,575
Called up share capital
100
100
Profit and loss account
37,749
40,910
Shareholders' funds
37,849
41,010
For the year ending 30 September 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 29 January 2024 and were signed on its behalf by
Barrie Collins
Director
Company Registration No. 06970008
P E WELDRIGHT LIMITED
Notes to the Accounts
for the year ended 30 September 2023
P E WELDRIGHT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06970008. The registered office is 32 High Street, Staveley, Chesterfield, Derbyshire, S43 3UX.
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.
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:
Plant & machinery
18% on reducing balance
Motor vehicles
18% on reducing balance
Computer equipment
18% on reducing balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
P E WELDRIGHT LIMITED
Notes to the Accounts
for the year ended 30 September 2023
4
Tangible fixed assets
Computer equipment
At 30 September 2023
1,306
Amounts falling due within one year
Other debtors
45,993
34,039
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
12,214
Loans from directors
18,296
26,825
7
Average number of employees
During the year the average number of employees was 0 (2022: 4).