1 February 2023 false No description of principal activity Taxfiler 2024.5 04602241business:PrivateLimitedCompanyLtd2023-02-012024-01-31 046022412023-01-31 046022412023-02-012024-01-31 04602241business:AuditExemptWithAccountantsReport2023-02-012024-01-31 04602241business:FilletedAccounts2023-02-012024-01-31 046022412024-01-31 04602241business:Director12023-02-012024-01-31 04602241business:Director22023-02-012024-01-31 04602241business:Director32023-02-012024-01-31 04602241business:CompanySecretary12023-02-012024-01-31 04602241business:RegisteredOffice2023-02-012024-01-31 046022412023-01-31 04602241core:WithinOneYear2024-01-31 04602241core:WithinOneYear2023-01-31 04602241core:AfterOneYear2024-01-31 04602241core:AfterOneYear2023-01-31 04602241core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 04602241core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 04602241core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 04602241core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 04602241core:PreviouslyStatedAmount2024-01-31 04602241core:PreviouslyStatedAmount2023-01-31 04602241business:SmallEntities2023-02-012024-01-31 04602241countries:EnglandWales2023-02-012024-01-31 04602241core:LandBuildings2023-02-012024-01-31 04602241core:PlantMachinery2023-02-012024-01-31 04602241core:MotorVehicles2023-02-012024-01-31 04602241core:FurnitureFittings2023-02-012024-01-31 04602241core:ComputerEquipment2023-02-012024-01-31 04602241core:PlantMachinery2023-01-31 04602241core:MotorVehicles2023-01-31 04602241core:ComputerEquipment2023-01-31 04602241core:PlantMachinery2024-01-31 04602241core:MotorVehicles2024-01-31 04602241core:ComputerEquipment2024-01-31 04602241business:OrdinaryShareClass12023-02-012024-01-31 04602241business:OrdinaryShareClass12022-02-012023-01-31 046022412022-02-012023-01-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 04602241 (England and Wales)
ADVANCED STUDWELDING SYSTEMS LIMITED Unaudited accounts for the year ended 31 January 2024
ADVANCED STUDWELDING SYSTEMS LIMITED Unaudited accounts Contents
Page
- 2 -
ADVANCED STUDWELDING SYSTEMS LIMITED Company Information for the year ended 31 January 2024
Directors
Mr A Barnes Mrs C Barnes Mr M Barnes
Secretary
Mr M Barnes
Company Number
04602241 (England and Wales)
Registered Office
UNIT 30 CINNAMON BROW BUSINESS PARK MAKERFIELD WAY INCE WIGAN LANCASHIRE WN2 2PR
Accountants
P A Hull & Co Beech House 23 Ladies Lane Hindley, Wigan Lancashire WN2 2QA
- 3 -
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of ADVANCED STUDWELDING SYSTEMS LIMITED for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ADVANCED STUDWELDING SYSTEMS LIMITED for the year ended 31 January 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
P A Hull & Co Chartered Accountants Beech House 23 Ladies Lane Hindley, Wigan Lancashire WN2 2QA 26 July 2024
- 4 -
ADVANCED STUDWELDING SYSTEMS LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
30,911 
9,258 
Current assets
Inventories
54,600 
83,149 
Debtors
115,741 
18,713 
Cash at bank and in hand
99,448 
88,103 
269,789 
189,965 
Creditors: amounts falling due within one year
(189,002)
(87,805)
Net current assets
80,787 
102,160 
Total assets less current liabilities
111,698 
111,418 
Creditors: amounts falling due after more than one year
(13,334)
(33,334)
Provisions for liabilities
Deferred tax
(5,802)
(2,860)
Net assets
92,562 
75,224 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
92,462 
75,124 
Shareholders' funds
92,562 
75,224 
For the year ending 31 January 2024 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 July 2024 and were signed on its behalf by
Mr A Barnes Director Company Registration No. 04602241
- 5 -
ADVANCED STUDWELDING SYSTEMS LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
ADVANCED STUDWELDING SYSTEMS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04602241. The registered office is UNIT 30 CINNAMON BROW BUSINESS PARK, MAKERFIELD WAY INCE, WIGAN, LANCASHIRE, WN2 2PR.
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:
Land & buildings
2% straigt line
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
3,544 
11,720 
34,419 
49,683 
Additions
- 
31,978 
2,635 
34,613 
Disposals
- 
(11,720)
- 
(11,720)
At 31 January 2024
3,544 
31,978 
37,054 
72,576 
Depreciation
At 1 February 2023
3,533 
8,941 
27,951 
40,425 
Charge for the year
3 
7,994 
2,182 
10,179 
On disposals
- 
(8,939)
- 
(8,939)
At 31 January 2024
3,536 
7,996 
30,133 
41,665 
Net book value
At 31 January 2024
8 
23,982 
6,921 
30,911 
At 31 January 2023
11 
2,779 
6,468 
9,258 
- 6 -
ADVANCED STUDWELDING SYSTEMS LIMITED Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
115,741 
42,330 
Accrued income and prepayments
- 
(23,617)
115,741 
18,713 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
- 
VAT
36,364 
9,976 
Trade creditors
84,875 
38,340 
Taxes and social security
25,415 
15,857 
Other creditors
- 
105 
Loans from directors
30,348 
20,348 
Accruals
2,000 
3,179 
189,002 
87,805 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,334 
33,334 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
During the year the company paid rent of £12,000 and Consultancy fees of £10,000 to A & C Barnes, directors of the company.
10
Average number of employees
During the year the average number of employees was 5 (2023: 5).
- 7 -