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REGISTERED NUMBER: 04532611 (England and Wales)















Unaudited Financial Statements

for the Period 1 December 2023 to 31 August 2024

for

V J WELDING & PIPE SERVICES LIMITED

V J WELDING & PIPE SERVICES LIMITED (REGISTERED NUMBER: 04532611)






Contents of the Financial Statements
for the Period 1 December 2023 to 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


V J WELDING & PIPE SERVICES LIMITED

Company Information
for the Period 1 December 2023 to 31 August 2024







DIRECTOR: J Wynnyk





SECRETARIES: J Wynnyk
Mrs J Ward





REGISTERED OFFICE: 107 Lowerlime Road
Oldham
Lancashire
OL8 3NP





REGISTERED NUMBER: 04532611 (England and Wales)





ACCOUNTANTS: S Burgess & Co Ltd
11 Slayleigh Avenue
Sheffield
South Yorkshire
S10 3RA

V J WELDING & PIPE SERVICES LIMITED (REGISTERED NUMBER: 04532611)

Balance Sheet
31 August 2024

31.8.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 1,147
- 1,147

CURRENT ASSETS
Stocks - 3,000
Debtors 6 9,342 39,380
Cash at bank 22,337 60,420
31,679 102,800
CREDITORS
Amounts falling due within one year 7 4,485 24,127
NET CURRENT ASSETS 27,194 78,673
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,194

79,820

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 27,094 79,720
SHAREHOLDERS' FUNDS 27,194 79,820

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

V J WELDING & PIPE SERVICES LIMITED (REGISTERED NUMBER: 04532611)

Balance Sheet - continued
31 August 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2024 and were signed by:





J Wynnyk - Director


V J WELDING & PIPE SERVICES LIMITED (REGISTERED NUMBER: 04532611)

Notes to the Financial Statements
for the Period 1 December 2023 to 31 August 2024

1. STATUTORY INFORMATION

V J Welding & Pipe Services 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover comprises the net invoiced value of manufactured, and fitted, precision pipe work, excluding value added tax. Turnover is recognised when each job is completed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, was amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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
Motor vehicles - 25% on reducing balance

Stocks
Stock of small tooling and parts is valued at cost.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


V J WELDING & PIPE SERVICES LIMITED (REGISTERED NUMBER: 04532611)

Notes to the Financial Statements - continued
for the Period 1 December 2023 to 31 August 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account as incurred.

Debtors and creditors due within one year
Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income within administrative expenses.

Impairment
At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the statement of comprehensive income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 3 ) .

V J WELDING & PIPE SERVICES LIMITED (REGISTERED NUMBER: 04532611)

Notes to the Financial Statements - continued
for the Period 1 December 2023 to 31 August 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023 83,500
Disposals (83,500 )
At 31 August 2024 -
AMORTISATION
At 1 December 2023 83,500
Eliminated on disposal (83,500 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 30 November 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2023 5,571 1,000 6,571
Additions 850 - 850
Disposals (6,421 ) (1,000 ) (7,421 )
At 31 August 2024 - - -
DEPRECIATION
At 1 December 2023 4,456 968 5,424
Eliminated on disposal (4,456 ) (968 ) (5,424 )
At 31 August 2024 - - -
NET BOOK VALUE
At 31 August 2024 - - -
At 30 November 2023 1,115 32 1,147

V J WELDING & PIPE SERVICES LIMITED (REGISTERED NUMBER: 04532611)

Notes to the Financial Statements - continued
for the Period 1 December 2023 to 31 August 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 30.11.23
£    £   
Trade debtors - 37,282
Other debtors - 900
Corporation tax 9,342 1,198
9,342 39,380

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 30.11.23
£    £   
Trade creditors - 16,479
Social security and other taxes - 679
VAT 2,511 5,469
Accrued expenses 1,974 1,500
4,485 24,127

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 30.11.23
£    £   
Within one year - 2,500