2023-04-01 00916757 2024-03-31 00916757 2023-04-01 2024-03-31 00916757 2023-03-31 00916757 2022-04-01 2023-03-31 00916757 uk-core:WithinOneYear 2023-03-31 00916757 uk-core:WithinOneYear 2024-03-31 00916757 uk-core:ShareCapital 2024-03-31 00916757 uk-core:ShareCapital 2023-03-31 00916757 uk-core:RevaluationReserve 2024-03-31 00916757 uk-core:RevaluationReserve 2023-03-31 00916757 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 00916757 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 00916757 uk-bus:Director1 2023-04-01 2024-03-31 00916757 uk-bus:Director2 2023-04-01 2024-03-31 00916757 uk-core:InvestmentPropertyIncludedWithinPPE 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure 00916757 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00916757 uk-bus:FRS102 2023-04-01 2024-03-31 00916757 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 00916757 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Watford Welded Structures Ltd
Registered Number:00916757
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Watford Welded Structures Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
00916757
As at 31 March 2024
Watford Welded Structures Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
439,581
453,471
2
439,581
453,471
Current assets
Trade and other receivables
10,550
-
3
12,496
Cash and cash equivalents
27,217
27,217
23,046
Trade and other payables: amounts falling due within one
year
(21,022)
(21,023)
4
2,024
6,194
Net current assets
Total assets less current liabilities
445,775
455,495
445,775
Net assets
455,495
Capital and reserves
Called up share capital
5,000
5,000
Revaluation reserve
390,425
402,715
5
Retained earnings
50,350
47,780
445,775
455,495
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
R. Allen Director
S.P. Newcombe Director
These financial statements were approved and authorised for issue by the Board on 02 September 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2024
Watford Welded Structures Ltd
Notes to the Financial Statements
Statutory Information
Watford Welded Structures Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 00916757.
Registered address:
8 Peterborough Road
Harrow
Middlesex
HA1 2BQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
2.5% Straight line
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 31 March 2024
Watford Welded Structures Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Land and
buildings
£
Cost or
valuation
At 01 April 2023
555,582
At 31 March 2024
555,582
Provision for depreciation and impairment
At 01 April 2023
102,111
Charge for year
13,890
At 31 March 2024
116,001
At 31 March 2024
Net book value
439,581
At 31 March 2023
453,471
In respect of certain fixed assets stated at valuations, the comparable historical cost and depreciation values are as
follows:
Historical cost
£
67,242
At 01 April 2023
Depreciation
6,521
At 01 April 2023
At 31 March 2024
6,521
60,721
Net historical cost value:
At 31 March 2023
At 31 March 2024
60,721
3. Trade and other receivables
2023
2024
£
£
Other debtors
-
10,550
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
8,296
8,295
Other creditors
12,727
12,727
21,023
21,022
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6
For the year ended 31 March 2024
Watford Welded Structures Ltd
Notes to the Financial Statements Continued
5. Reserves
Total
£
Revaluation reserve at 01 April 2023
402,715
Transfer to profit and loss account
(12,290)
390,425
Revaluation reserve at 31 March 2024
6. Average number of persons employed
During the year the average number of employees was 3 (2023 : 3)
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