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REGISTERED NUMBER: 01546519 (England and Wales)















Financial Statements for the Year Ended 30 September 2023

for

Ennell Welding Limited

Ennell Welding Limited (Registered number: 01546519)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ennell Welding Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: S P Butler
N P Butler
C M Butler





SECRETARY: Ms S Saddington





REGISTERED OFFICE: Parkside Works
Otley Road
Guiseley
Leeds
LS20 8BH





REGISTERED NUMBER: 01546519 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Ennell Welding Limited (Registered number: 01546519)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,047 19,453
Investments 5 29,875 29,875
43,922 49,328

CURRENT ASSETS
Stocks 378,055 387,123
Debtors 6 327,307 301,542
Cash at bank 9,105 8,815
714,467 697,480
CREDITORS
Amounts falling due within one year 7 533,410 468,201
NET CURRENT ASSETS 181,057 229,279
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,979

278,607

CREDITORS
Amounts falling due after more than one
year

8

(80,648

)

(134,744

)

PROVISIONS FOR LIABILITIES (1,152 ) (1,747 )
NET ASSETS 143,179 142,116

CAPITAL AND RESERVES
Called up share capital 111,259 111,259
Capital redemption reserve 30,461 30,461
Retained earnings 1,459 396
143,179 142,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Ennell Welding Limited (Registered number: 01546519)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





C M Butler - Director


Ennell Welding Limited (Registered number: 01546519)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Ennell Welding 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 represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers. Revenue is recognised when the risks and rewards have been transferred to the buyer, which is usually on despatch or completion of the services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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.

Ennell Welding Limited (Registered number: 01546519)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under te leases are included in liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

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 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022
and 30 September 2023 183,320 100,232 33,361 35,655 352,568
DEPRECIATION
At 1 October 2022 179,092 96,091 29,077 28,855 333,115
Charge for year 633 1,035 1,071 2,667 5,406
At 30 September 2023 179,725 97,126 30,148 31,522 338,521
NET BOOK VALUE
At 30 September 2023 3,595 3,106 3,213 4,133 14,047
At 30 September 2022 4,228 4,141 4,284 6,800 19,453

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2022
and 30 September 2023 29,875
NET BOOK VALUE
At 30 September 2023 29,875
At 30 September 2022 29,875

Ennell Welding Limited (Registered number: 01546519)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. FIXED ASSET INVESTMENTS - continued

Fixed assets investments are stated at historical cost less provision for any diminution in value.

6. DEBTORS
30.9.23 30.9.22
£    £   
Amounts falling due within one year:
Trade debtors 258,178 223,295
Other debtors 53,071 62,189
311,249 285,484

Amounts falling due after more than one year:
Other debtors 16,058 16,058

Aggregate amounts 327,307 301,542

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 54,095 55,027
Trade creditors 162,517 168,332
Amounts owed to participating interests 72,174 -
Taxation and social security 29,624 44,257
Other creditors 215,000 200,585
533,410 468,201

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 80,648 134,744

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans 134,743 189,771

Bibby Financial Services Limited hold a debenture over all assets owned by the company.

Ennell Welding Pension Fund hold a composite guarantee and debenture over all assets held by the company.

Ennell Welding Limited (Registered number: 01546519)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
C M Butler
Balance outstanding at start of year 21,606 20,967
Amounts advanced 7,555 639
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,161 21,606

N P Butler
Balance outstanding at start of year 1,000 3,000
Amounts repaid - (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,000 1,000

S P Butler
Balance outstanding at start of year 14,334 16,027
Amounts advanced 305 307
Amounts repaid - (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,639 14,334