2023-03-012024-02-292024-02-29false11815004SPECWELD LTD2024-11-2333110iso4217:GBPxbrli:pure118150042023-03-01118150042024-02-29118150042023-03-012024-02-29118150042022-03-01118150042023-02-28118150042022-03-012023-02-2811815004bus:SmallEntities2023-03-012024-02-2911815004bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2911815004bus:AbridgedAccounts2023-03-012024-02-2911815004bus:PrivateLimitedCompanyLtd2023-03-012024-02-2911815004core:WithinOneYear2024-02-2911815004core:AfterOneYear2024-02-2911815004core:WithinOneYear2023-02-2811815004core:AfterOneYear2023-02-2811815004core:ShareCapital2024-02-2911815004core:SharePremium2024-02-2911815004core:RevaluationReserve2024-02-2911815004core:OtherReservesSubtotal2024-02-2911815004core:RetainedEarningsAccumulatedLosses2024-02-2911815004core:ShareCapital2023-02-2811815004core:SharePremium2023-02-2811815004core:RevaluationReserve2023-02-2811815004core:OtherReservesSubtotal2023-02-2811815004core:RetainedEarningsAccumulatedLosses2023-02-2811815004core:LandBuildings2024-02-2911815004core:PlantMachinery2024-02-2911815004core:Vehicles2024-02-2911815004core:FurnitureFittings2024-02-2911815004core:OfficeEquipment2024-02-2911815004core:NetGoodwill2024-02-2911815004core:IntangibleAssetsOtherThanGoodwill2024-02-2911815004core:ListedExchangeTraded2024-02-2911815004core:UnlistedNon-exchangeTraded2024-02-2911815004core:LandBuildings2023-02-2811815004core:PlantMachinery2023-02-2811815004core:Vehicles2023-02-2811815004core:FurnitureFittings2023-02-2811815004core:OfficeEquipment2023-02-2811815004core:NetGoodwill2023-02-2811815004core:IntangibleAssetsOtherThanGoodwill2023-02-2811815004core:ListedExchangeTraded2023-02-2811815004core:UnlistedNon-exchangeTraded2023-02-2811815004core:LandBuildings2023-03-012024-02-2911815004core:PlantMachinery2023-03-012024-02-2911815004core:Vehicles2023-03-012024-02-2911815004core:FurnitureFittings2023-03-012024-02-2911815004core:OfficeEquipment2023-03-012024-02-2911815004core:NetGoodwill2023-03-012024-02-2911815004core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2911815004core:ListedExchangeTraded2023-03-012024-02-2911815004core:UnlistedNon-exchangeTraded2023-03-012024-02-2911815004core:MoreThanFiveYears2023-03-012024-02-2911815004core:Non-currentFinancialInstruments2024-02-2911815004core:Non-currentFinancialInstruments2023-02-2811815004dpl:CostSales2023-03-012024-02-2911815004dpl:DistributionCosts2023-03-012024-02-2911815004core:LandBuildings2023-03-012024-02-2911815004core:PlantMachinery2023-03-012024-02-2911815004core:Vehicles2023-03-012024-02-2911815004core:FurnitureFittings2023-03-012024-02-2911815004core:OfficeEquipment2023-03-012024-02-2911815004dpl:AdministrativeExpenses2023-03-012024-02-2911815004core:NetGoodwill2023-03-012024-02-2911815004core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2911815004dpl:GroupUndertakings2023-03-012024-02-2911815004dpl:ParticipatingInterests2023-03-012024-02-2911815004dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2911815004core:ListedExchangeTraded2023-03-012024-02-2911815004dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2911815004core:UnlistedNon-exchangeTraded2023-03-012024-02-2911815004dpl:CostSales2022-03-012023-02-2811815004dpl:DistributionCosts2022-03-012023-02-2811815004core:LandBuildings2022-03-012023-02-2811815004core:PlantMachinery2022-03-012023-02-2811815004core:Vehicles2022-03-012023-02-2811815004core:FurnitureFittings2022-03-012023-02-2811815004core:OfficeEquipment2022-03-012023-02-2811815004dpl:AdministrativeExpenses2022-03-012023-02-2811815004core:NetGoodwill2022-03-012023-02-2811815004core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2811815004dpl:GroupUndertakings2022-03-012023-02-2811815004dpl:ParticipatingInterests2022-03-012023-02-2811815004dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2811815004core:ListedExchangeTraded2022-03-012023-02-2811815004dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2811815004core:UnlistedNon-exchangeTraded2022-03-012023-02-2811815004core:NetGoodwill2024-02-2911815004core:IntangibleAssetsOtherThanGoodwill2024-02-2911815004core:LandBuildings2024-02-2911815004core:PlantMachinery2024-02-2911815004core:Vehicles2024-02-2911815004core:FurnitureFittings2024-02-2911815004core:OfficeEquipment2024-02-2911815004core:AfterOneYear2024-02-2911815004core:WithinOneYear2024-02-2911815004core:ListedExchangeTraded2024-02-2911815004core:UnlistedNon-exchangeTraded2024-02-2911815004core:ShareCapital2024-02-2911815004core:SharePremium2024-02-2911815004core:RevaluationReserve2024-02-2911815004core:OtherReservesSubtotal2024-02-2911815004core:RetainedEarningsAccumulatedLosses2024-02-2911815004core:NetGoodwill2023-02-2811815004core:IntangibleAssetsOtherThanGoodwill2023-02-2811815004core:LandBuildings2023-02-2811815004core:PlantMachinery2023-02-2811815004core:Vehicles2023-02-2811815004core:FurnitureFittings2023-02-2811815004core:OfficeEquipment2023-02-2811815004core:AfterOneYear2023-02-2811815004core:WithinOneYear2023-02-2811815004core:Liste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SPECWELD LTD

Registered Number
11815004
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

SPECWELD LTD
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

HORROBIN, Simon

Registered Address

4 Higham Avenue
Snodland
ME6 5GE

Registered Number

11815004 (England and Wales)
SPECWELD LTD
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets325,2363,044
25,2363,044
Current assets
Stocks23,00217,288
Debtors441,44249,592
Cash at bank and on hand15,2578,019
79,70174,899
Creditors amounts falling due within one year5(61,237)(45,857)
Net current assets (liabilities)18,46429,042
Total assets less current liabilities43,70032,086
Creditors amounts falling due after one year6(41,771)(50,514)
Net assets1,929(18,428)
Capital and reserves
Called up share capital100100
Profit and loss account1,829(18,528)
Shareholders' funds1,929(18,428)
The financial statements were approved and authorised for issue by the Director on 23 November 2024, and are signed on its behalf by:
HORROBIN, Simon
Director
Registered Company No. 11815004
SPECWELD LTD
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery10
Vehicles5
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 234,937
Additions23,925
At 29 February 2428,862
Depreciation and impairment
At 01 March 231,892
Charge for year1,734
At 29 February 243,626
Net book value
At 29 February 2425,236
At 28 February 233,044
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables40,62348,773
Other debtors819819
Total41,44249,592
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables35,23720,889
Taxation and social security22,25021,219
Other creditors3,7503,749
Total61,23745,857
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Other creditors41,77150,514
Total41,77150,514
Long term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.