IRIS Accounts Production v24.1.0.578 SC655383 director 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6553832023-03-31SC6553832024-03-31SC6553832023-04-012024-03-31SC6553832022-03-31SC6553832022-04-012023-03-31SC6553832023-03-31SC655383ns15:Scotland2023-04-012024-03-31SC655383ns14:PoundSterling2023-04-012024-03-31SC655383ns10:Director12023-04-012024-03-31SC655383ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC655383ns10:SmallEntities2023-04-012024-03-31SC655383ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC655383ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC655383ns10:FullAccounts2023-04-012024-03-31SC65538312023-04-012024-03-31SC655383ns10:RegisteredOffice2023-04-012024-03-31SC655383ns5:CurrentFinancialInstruments2024-03-31SC655383ns5:CurrentFinancialInstruments2023-03-31SC655383ns5:Non-currentFinancialInstruments2024-03-31SC655383ns5:Non-currentFinancialInstruments2023-03-31SC655383ns5:ShareCapital2024-03-31SC655383ns5:ShareCapital2023-03-31SC655383ns5:RetainedEarningsAccumulatedLosses2024-03-31SC655383ns5:RetainedEarningsAccumulatedLosses2023-03-31SC655383ns5:NetGoodwill2023-04-012024-03-31SC655383ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SC655383ns5:PlantMachinery2023-04-012024-03-31SC655383ns5:NetGoodwill2023-03-31SC655383ns5:NetGoodwill2024-03-31SC655383ns5:NetGoodwill2023-03-31SC655383ns5:PlantMachinery2023-03-31SC655383ns5:ComputerEquipment2023-03-31SC655383ns5:ComputerEquipment2023-04-012024-03-31SC655383ns5:PlantMachinery2024-03-31SC655383ns5:ComputerEquipment2024-03-31SC655383ns5:PlantMachinery2023-03-31SC655383ns5:ComputerEquipment2023-03-31SC655383ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31SC655383ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: SC655383 (Scotland)


















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

N J Slee Welding Limited

N J Slee Welding Limited (Registered number: SC655383)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N J Slee Welding Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S Slee





REGISTERED OFFICE: Euston Place
Garelochhead
G84 0AQ





REGISTERED NUMBER: SC655383 (Scotland)





ACCOUNTANTS: Macleod Fulton
Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP

N J Slee Welding Limited (Registered number: SC655383)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 800,000 800,000
Tangible assets 5 95,059 84,012
895,059 884,012

CURRENT ASSETS
Stocks 6,870 7,625
Debtors 6 192,431 174,193
Cash at bank and in hand 121,820 104,351
321,121 286,169
CREDITORS
Amounts falling due within one year 7 172,821 158,269
NET CURRENT ASSETS 148,300 127,900
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,043,359

1,011,912

CREDITORS
Amounts falling due after more than one
year

8

(325,125

)

(386,160

)

PROVISIONS FOR LIABILITIES (13,465 ) (10,356 )
NET ASSETS 704,769 615,396

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 704,768 615,395
704,769 615,396

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

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 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.

N J Slee Welding Limited (Registered number: SC655383)

Balance Sheet - continued
31 March 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 12 August 2024 and were signed by:





S Slee - Director


N J Slee Welding Limited (Registered number: SC655383)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

N J Slee Welding Limited is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020. Goodwill is not written off.

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 etc - 33% on cost and 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year 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.

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 13 (2023 - 13 ) .

N J Slee Welding Limited (Registered number: SC655383)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 800,000
NET BOOK VALUE
At 31 March 2024 800,000
At 31 March 2023 800,000

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 157,022 3,162 160,184
Additions 42,445 433 42,878
At 31 March 2024 199,467 3,595 203,062
DEPRECIATION
At 1 April 2023 73,456 2,716 76,172
Charge for year 31,503 328 31,831
At 31 March 2024 104,959 3,044 108,003
NET BOOK VALUE
At 31 March 2024 94,508 551 95,059
At 31 March 2023 83,566 446 84,012

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 136,435 157,373
Other debtors 55,996 16,820
192,431 174,193

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 84,327 45,511
Taxation and social security 13,650 (14,532 )
Other creditors 74,844 127,290
172,821 158,269

N J Slee Welding Limited (Registered number: SC655383)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 325,125 386,160

9. CONTINGENT LIABILITIES

As at 31 March 2024 the company had no contingent liabilities. (2023 - £nil).

10. CAPITAL COMMITMENTS

As at 31 March 2024 the company had no contingent liabilities. (2023 - £nil).

11. RELATED PARTY DISCLOSURES

As at 31 March 2024 included within other debtors is a balance due from Mr S Slee, director, amounting to £39,831, (2023 due to - £11,837). This balance has no fixed repayment date and no interest is charged theron.