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REGISTERED NUMBER: 05956596 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

AWELD FABRICATIONS LIMITED

AWELD FABRICATIONS LIMITED (REGISTERED NUMBER: 05956596)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AWELD FABRICATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: A J WADE





SECRETARY:





REGISTERED OFFICE: 19a The Nook
Anstey
Leicester
Leicestershire
LE7 7AZ





REGISTERED NUMBER: 05956596 (England and Wales)





ACCOUNTANTS: Graham Barnes FCA
19a The Nook
Anstey
Leicester
Leicestershire
LE7 7AZ

AWELD FABRICATIONS LIMITED (REGISTERED NUMBER: 05956596)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,627 10,953

CURRENT ASSETS
Debtors 5 32,908 25,257
Cash at bank and in hand 11,954 29,919
44,862 55,176
CREDITORS
Amounts falling due within one year 6 13,521 26,292
NET CURRENT ASSETS 31,341 28,884
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,968

39,837

CREDITORS
Amounts falling due after more than one
year

7

3,856

10,471
NET ASSETS 40,112 29,366

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 39,912 29,166
SHAREHOLDERS' FUNDS 40,112 29,366

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

AWELD FABRICATIONS LIMITED (REGISTERED NUMBER: 05956596)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 June 2024 and were signed by:





A J WADE - Director


AWELD FABRICATIONS LIMITED (REGISTERED NUMBER: 05956596)

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

1. STATUTORY INFORMATION

Aweld Fabrications 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2022 - 3 ) .

AWELD FABRICATIONS LIMITED (REGISTERED NUMBER: 05956596)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 87,719
Additions 5,000
At 31 December 2023 92,719
DEPRECIATION
At 1 January 2023 76,766
Charge for year 3,326
At 31 December 2023 80,092
NET BOOK VALUE
At 31 December 2023 12,627
At 31 December 2022 10,953

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 28,332
DEPRECIATION
At 1 January 2023
and 31 December 2023 27,040
NET BOOK VALUE
At 31 December 2023 1,292
At 31 December 2022 1,292

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 28,128 17,742
Other debtors 4,780 7,515
32,908 25,257

AWELD FABRICATIONS LIMITED (REGISTERED NUMBER: 05956596)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,615 6,615
Trade creditors 2,146 6,891
Taxation and social security 2,845 10,871
Other creditors 1,915 1,915
13,521 26,292

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 3,856 10,471

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 10,471 17,086

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £3,800 (2022 - £7,100) were paid to the director .