1 May 2022 false No description of principal activity Taxfiler 2023.10 01359000business:PrivateLimitedCompanyLtd2022-05-012023-04-30 013590002022-04-30 013590002022-05-012023-04-30 01359000business:AuditExemptWithAccountantsReport2022-05-012023-04-30 01359000business:FilletedAccounts2022-05-012023-04-30 013590002023-04-30 01359000business:Director12022-05-012023-04-30 01359000business:Director22022-05-012023-04-30 01359000business:CompanySecretary12022-05-012023-04-30 01359000business:RegisteredOffice2022-05-012023-04-30 013590002022-04-30 01359000core:WithinOneYear2023-04-30 01359000core:WithinOneYear2022-04-30 01359000core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 01359000core:ShareCapitalcore:PreviouslyStatedAmount2022-04-30 01359000core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 01359000core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-04-30 01359000core:PreviouslyStatedAmount2023-04-30 01359000core:PreviouslyStatedAmount2022-04-30 01359000business:SmallEntities2022-05-012023-04-30 01359000countries:EnglandWales2022-05-012023-04-30 01359000core:PlantMachinery2022-05-012023-04-30 01359000core:FurnitureFittings2022-05-012023-04-30 01359000core:IntangibleAssetsOtherThanGoodwill2022-04-30 01359000core:IntangibleAssetsOtherThanGoodwill2023-04-30 01359000core:PlantMachinery2022-04-30 01359000core:FurnitureFittings2022-04-30 01359000core:PlantMachinery2023-04-30 01359000core:FurnitureFittings2023-04-30 01359000core:AcceleratedTaxDepreciationDeferredTax2023-04-30 01359000core:AcceleratedTaxDepreciationDeferredTax2022-04-30 013590002021-04-30 013590002021-05-012022-04-30 iso4217:GBP xbrli:pure
Company Registration No. 01359000 (England and Wales)
Exactweld (G.B.) Limited Unaudited Financial Statements for the year ended 30 April 2023
Exactweld (G.B.) Limited Unaudited Financial Statements Contents
Page
- 2 -
Exactweld (G.B.) Limited Company Information for the year ended 30 April 2023
Directors
Guy Christopher Pearson John Baldwin
Secretary
J Baldwin
Company Number
01359000 (England and Wales)
Registered Office
Unit J Charlwoods Business Centre East Grinstead RH19 2HH England
Accountants
M I Spencer Ltd 4 Farmland Way Hailsham East Sussex BN27 1SP
- 3 -
Exactweld (G.B.) Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
141,009 
141,009 
Tangible assets
3,942 
4,638 
144,951 
145,647 
Current assets
Inventories
569 
501 
Debtors
26,837 
15,439 
Cash at bank and in hand
123,695 
126,633 
151,101 
142,573 
Creditors: amounts falling due within one year
(16,981)
(15,248)
Net current assets
134,120 
127,325 
Total assets less current liabilities
279,071 
272,972 
Provisions for liabilities
Deferred tax
(699)
(778)
Net assets
278,372 
272,194 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
278,272 
272,094 
Shareholders' funds
278,372 
272,194 
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 17 January 2024 and were signed on its behalf by
Guy Christopher Pearson Director Company Registration No. 01359000
- 4 -
Exactweld (G.B.) Limited Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Exactweld (G.B.) Limited is a private company, limited by shares, registered in England and Wales, registration number 01359000. The registered office is Unit J, Charlwoods Business Centre , East Grinstead, RH19 2HH, England.
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:
Plant & machinery
15% on reducing Balance
Fixtures & fittings
10% on cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2022
141,009 
At 30 April 2023
141,009 
Amortisation
At 1 May 2022
- 
At 30 April 2023
- 
Net book value
At 30 April 2023
141,009 
At 30 April 2022
141,009 
- 5 -
Exactweld (G.B.) Limited Notes to the Accounts for the year ended 30 April 2023
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2022
89,939 
15,710 
105,649 
At 30 April 2023
89,939 
15,710 
105,649 
Depreciation
At 1 May 2022
85,302 
15,709 
101,011 
Charge for the year
696 
- 
696 
At 30 April 2023
85,998 
15,709 
101,707 
Net book value
At 30 April 2023
3,941 
1 
3,942 
At 30 April 2022
4,637 
1 
4,638 
6
Inventories
2023 
2022 
£ 
£ 
Raw materials
569 
501 
569 
501 
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
23,292 
12,576 
Accrued income and prepayments
3,545 
2,863 
26,837 
15,439 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
6,433 
4,749 
Trade creditors
108 
115 
Taxes and social security
6,515 
5,446 
Loans from directors
2,019 
1,993 
Accruals
1,906 
2,945 
16,981 
15,248 
- 6 -
Exactweld (G.B.) Limited Notes to the Accounts for the year ended 30 April 2023
9
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
699 
778 
2023 
2022 
£ 
£ 
Provision at start of year
778 
- 
(Credited)/charged to the profit and loss account
(79)
778 
Provision at end of year
699 
778 
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.
10
Average number of employees
During the year the average number of employees was 3 (2022: 4).
- 7 -