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REGISTERED NUMBER: SC175811 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

D.R. Welding Services Ltd.

D.R. Welding Services Ltd. (Registered number: SC175811)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D.R. Welding Services Ltd.

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mr D S Reid





REGISTERED OFFICE: 12 Greenacres Crescent
Peterhead
Aberdeenshire
AB42 3QH





REGISTERED NUMBER: SC175811 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

D.R. Welding Services Ltd. (Registered number: SC175811)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 573 855

CURRENT ASSETS
Debtors 5 114,215 106,713
Cash at bank 405,942 397,854
520,157 504,567
CREDITORS
Amounts falling due within one year 6 100,844 97,633
NET CURRENT ASSETS 419,313 406,934
TOTAL ASSETS LESS CURRENT
LIABILITIES

419,886

407,789

PROVISIONS FOR LIABILITIES 109 162
NET ASSETS 419,777 407,627

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 419,767 407,617
SHAREHOLDERS' FUNDS 419,777 407,627

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

D.R. Welding Services Ltd. (Registered number: SC175811)

Balance Sheet - continued
31 July 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 19 January 2024 and were signed by:





Mr D S Reid - Director


D.R. Welding Services Ltd. (Registered number: SC175811)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

D.R. Welding Services Ltd. is a private company, limited by shares , registered in Scotland. 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 represents amounts receivable for services provided in the normal course of business, net of discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Taxation
Taxation for the year comprises current 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 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

D.R. Welding Services Ltd. (Registered number: SC175811)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 235 2,790 3,025
DEPRECIATION
At 1 August 2022 220 1,950 2,170
Charge for year 2 280 282
At 31 July 2023 222 2,230 2,452
NET BOOK VALUE
At 31 July 2023 13 560 573
At 31 July 2022 15 840 855

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 110,528 103,360
Other debtors 3,687 3,353
114,215 106,713

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors - 166
Taxation and social security 94,077 91,891
Other creditors 6,767 5,576
100,844 97,633