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Company Registration No. 05766291 (England and Wales)
Welmac UK Ltd Unaudited accounts for the year ended 30 April 2024
Welmac UK Ltd Unaudited accounts Contents
Page
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Welmac UK Ltd Company Information for the year ended 30 April 2024
Directors
Mr A Balfe Mr J Doy
Company Number
05766291 (England and Wales)
Registered Office
Holme Close Main Road Welbourn Lincolnshire LN5 0QL
Accountants
Mike Behan Accountant 21 Millbrook Close North Hykeham Lincoln LN6 9TA
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Welmac UK Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,158 
19,496 
Current assets
Inventories
5,000 
5,000 
Debtors
8,471 
12,478 
Cash at bank and in hand
23,657 
91,983 
37,128 
109,461 
Creditors: amounts falling due within one year
(3,313)
(18,905)
Net current assets
33,815 
90,556 
Total assets less current liabilities
45,973 
110,052 
Provisions for liabilities
Deferred tax
(2,310)
(3,704)
Net assets
43,663 
106,348 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
43,661 
106,346 
Shareholders' funds
43,663 
106,348 
For the year ending 30 April 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by
Mr A Balfe Director Company Registration No. 05766291
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Welmac UK Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Welmac UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 05766291. The registered office is Holme Close, Main Road, Welbourn, Lincolnshire, LN5 0QL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% On Reducing balance
Motor vehicles
25% On Reducing Balance
Fixtures & fittings
15% On Reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2023
134,910 
46,745 
2,197 
183,852 
At 30 April 2024
134,910 
46,745 
2,197 
183,852 
Depreciation
At 1 May 2023
124,254 
38,464 
1,638 
164,356 
Charge for the year
5,056 
2,197 
85 
7,338 
At 30 April 2024
129,310 
40,661 
1,723 
171,694 
Net book value
At 30 April 2024
5,600 
6,084 
474 
12,158 
At 30 April 2023
10,656 
8,281 
559 
19,496 
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Welmac UK Ltd Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
464 
- 
Trade debtors
3,333 
12,478 
Other debtors
4,674 
- 
8,471 
12,478 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
3,836 
Trade creditors
319 
291 
Taxes and social security
735 
12,526 
Other creditors
11 
4 
Loans from directors
1,498 
1,498 
Accruals
750 
750 
3,313 
18,905 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Transactions with related parties
A Balfe, Director Received dividends totaling £ 18,600 (2022 : £ 32,600). J Doy, Director Received dividends totaling £ 18,600 (2022 : £ 32,600).
9
Controlling party
The company is controlled by the director's as a body but there is no single controlling party.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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