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REGISTERED NUMBER: 03759413 (England and Wales)











Unaudited Financial Statements

for the Period 1 July 2023 to 31 August 2024

for

Welding Mobility Limited

Welding Mobility Limited (Registered number: 03759413)

Contents of the Financial Statements
for the Period 1 July 2023 to 31 August 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Welding Mobility Limited

Company Information
for the Period 1 July 2023 to 31 August 2024







DIRECTORS: D P Walton
D P Walton JNR





SECRETARIES: G T Walton
M J Walton





REGISTERED OFFICE: 1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY





REGISTERED NUMBER: 03759413 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

Welding Mobility Limited (Registered number: 03759413)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 47,402 17,531

CURRENT ASSETS
Stocks 5 14,471 51,488
Debtors 6 76,628 161,134
Cash at bank 23,773 19,590
114,872 232,212
CREDITORS
Amounts falling due within one year 7 (50,547 ) (92,579 )
NET CURRENT ASSETS 64,325 139,633
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,727

157,164

CREDITORS
Amounts falling due after more than one
year

8

(6,420

)

(14,765

)

PROVISIONS FOR LIABILITIES (11,850 ) (4,382 )
NET ASSETS 93,457 138,017

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 93,357 137,917
93,457 138,017

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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.

Welding Mobility Limited (Registered number: 03759413)

Statement of Financial Position - continued
31 August 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 Board of Directors and authorised for issue on 16 October 2024 and were signed on its behalf by:





D P Walton - Director


Welding Mobility Limited (Registered number: 03759413)

Notes to the Financial Statements
for the Period 1 July 2023 to 31 August 2024


1. STATUTORY INFORMATION

Welding Mobility 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounting period has been extended by two months for administrative purposes, this means that the amounts presented in the financial statements are not entirely comparable.

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.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33.33% on cost

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 period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Welding Mobility Limited (Registered number: 03759413)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 August 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts are capitalised in the Statement of Financial Position. Those held under hire purchase contracts are depreciated over their estimated useful lives.

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

Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

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 the Income Statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 68,829 11,593 112,605 12,302 205,329
Additions - - 45,990 1,665 47,655
Disposals - (284 ) (52,532 ) (1,843 ) (54,659 )
At 31 August 2024 68,829 11,309 106,063 12,124 198,325
DEPRECIATION
At 1 July 2023 68,829 11,593 95,074 12,302 187,798
Charge for period - - 17,634 150 17,784
Eliminated on disposal - (284 ) (52,532 ) (1,843 ) (54,659 )
At 31 August 2024 68,829 11,309 60,176 10,609 150,923
NET BOOK VALUE
At 31 August 2024 - - 45,887 1,515 47,402
At 30 June 2023 - - 17,531 - 17,531

5. STOCKS
2024 2023
£    £   
Stocks 5,615 4,000
Work-in-progress 8,856 47,488
14,471 51,488

Welding Mobility Limited (Registered number: 03759413)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 August 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 45,023 63,454
Other debtors 1,913 2,325
Directors' current accounts 1,610 64,417
Tax - 666
VAT 5,011 8,837
Accrued income 18,658 -
Prepayments 4,413 21,435
76,628 161,134

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,145 6,000
Trade creditors 10,832 34,532
Tax 23,968 39,723
Social security and other taxes 4,166 2,315
Other creditors 1,280 -
Hire purchase 652 3,664
Directors' current accounts 704 -
Accruals and deferred income 2,800 6,345
50,547 92,579

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,420 6,000
Bank loans - 2-5 years - 7,543
Hire purchase - 1,222
6,420 14,765

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 37,500 37,500
Between one and five years 75,000 112,500
112,500 150,000

10. SECURED DEBTS

The bank loan is secured by a fixed and floating charge over all the assets of the company.

There is a rent deposit deed for £8,812.50 due from the company to the landlord.

Welding Mobility Limited (Registered number: 03759413)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 August 2024


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 August 2024 and the year ended 30 June 2023:

2024 2023
£    £   
D P Walton
Balance outstanding at start of period 62,443 47,804
Amounts advanced 87,729 71,664
Amounts repaid (150,876 ) (57,025 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (704 ) 62,443

D P Walton JNR
Balance outstanding at start of period 1,974 1,974
Amounts repaid (364 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 1,610 1,974

The above loans are unsecured, interest free and repayable on demand.