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REGISTERED NUMBER: 02758431 (England and Wales)















IMPERIAL WELDING SUPPLIES (CHALLOCK)
LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






IMPERIAL WELDING SUPPLIES (CHALLOCK)
LIMITED (REGISTERED NUMBER: 02758431)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IMPERIAL WELDING SUPPLIES (CHALLOCK)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mrs A Seager





SECRETARY: Mrs A Seager





REGISTERED OFFICE: 4 Faversham Road
Challock
Nr.ashford
Kent
TN25 4BQ





REGISTERED NUMBER: 02758431 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

IMPERIAL WELDING SUPPLIES (CHALLOCK)
LIMITED (REGISTERED NUMBER: 02758431)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 27 54

CURRENT ASSETS
Stocks 651 251
Debtors 5 1,972 2,065
Cash at bank 1,199 2,384
3,822 4,700
CREDITORS
Amounts falling due within one year 6 (23,883 ) (25,344 )
NET CURRENT LIABILITIES (20,061 ) (20,644 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,034

)

(20,590

)

CREDITORS
Amounts falling due after more than one
year

7

(3,167

)

(4,167

)
NET LIABILITIES (23,201 ) (24,757 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (23,202 ) (24,758 )
SHAREHOLDERS' FUNDS (23,201 ) (24,757 )

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

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

The director acknowledges her 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.

IMPERIAL WELDING SUPPLIES (CHALLOCK)
LIMITED (REGISTERED NUMBER: 02758431)

BALANCE SHEET - continued
31 OCTOBER 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 22 May 2024 and were signed by:





Mrs A Seager - Director


IMPERIAL WELDING SUPPLIES (CHALLOCK)
LIMITED (REGISTERED NUMBER: 02758431)

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

1. STATUTORY INFORMATION

Imperial Welding Supplies (Challock) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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.

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 NIL (2022 - 1 ).

IMPERIAL WELDING SUPPLIES (CHALLOCK)
LIMITED (REGISTERED NUMBER: 02758431)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 14,961
DEPRECIATION
At 1 November 2022 14,907
Charge for year 27
At 31 October 2023 14,934
NET BOOK VALUE
At 31 October 2023 27
At 31 October 2022 54

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,972 2,065

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,636 5,070
Taxation and social security 432 506
Other creditors 17,815 19,768
23,883 25,344

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 3,167 4,167