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REGISTERED NUMBER: 03053522 (England and Wales)












WELD ABILITY LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2024






WELD ABILITY LIMITED (REGISTERED NUMBER: 03053522)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WELD ABILITY LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Ms M G Rankin
A G Roffey





SECRETARY: Ms B J Roffey





REGISTERED OFFICE: 118 Straight Road
Old Windsor
Berkshire
SL4 2SB





REGISTERED NUMBER: 03053522 (England and Wales)





ACCOUNTANTS: Cottrill Mason Ltd
13 Vansittart Estate
Windsor
Berkshire
SL4 1SE

WELD ABILITY LIMITED (REGISTERED NUMBER: 03053522)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 822 769

CURRENT ASSETS
Debtors 5 25,676 19,846
Cash at bank 53,503 27,843
79,179 47,689
CREDITORS
Amounts falling due within one year 6 16,386 9,168
NET CURRENT ASSETS 62,793 38,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,615

39,290

PROVISIONS FOR LIABILITIES 82 72
NET ASSETS 63,533 39,218

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 63,531 39,216
SHAREHOLDERS' FUNDS 63,533 39,218

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 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.

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 Board of Directors and authorised for issue on 27 September 2024 and were signed on its behalf by:





Ms M G Rankin - Director


WELD ABILITY LIMITED (REGISTERED NUMBER: 03053522)

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

1. STATUTORY INFORMATION

Weld Ability 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
Revenue 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.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

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.

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.

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 5 (2023 - 5 ) .

WELD ABILITY LIMITED (REGISTERED NUMBER: 03053522)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2023 41,678
Additions 482
At 31 March 2024 42,160
DEPRECIATION
At 1 April 2023 40,909
Charge for year 429
At 31 March 2024 41,338
NET BOOK VALUE
At 31 March 2024 822
At 31 March 2023 769

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 24,094 18,412
Other debtors 1,582 1,434
25,676 19,846

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 580 306
Taxation and social security 15,337 7,954
Other creditors 469 908
16,386 9,168

7. ULTIMATE CONTROLLING PARTY

The controlling party is Ms M G Rankin.