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REGISTERED NUMBER: 05995062 (England and Wales)















Financial Statements

For The Period 28 November 2022 to 30 November 2023

for

Alweld Limited

Alweld Limited (Registered number: 05995062)






Contents of the Financial Statements
For The Period 28 November 2022 to 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alweld Limited

Company Information
For The Period 28 November 2022 to 30 November 2023







DIRECTORS: D Allen
Mrs K Allen
J S Allen





SECRETARY: Mrs K Allen





REGISTERED OFFICE: 2 Charles Street
Golborne
Warington
Cheshire
WA3 3DD





REGISTERED NUMBER: 05995062 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Alweld Limited (Registered number: 05995062)

Balance Sheet
30 November 2023

30.11.23 27.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 202,544 218,534
202,544 218,534

CURRENT ASSETS
Stocks 10,986 10,986
Debtors 6 455,512 575,946
Cash at bank 19,957 41,103
486,455 628,035
CREDITORS
Amounts falling due within one year 7 606,912 663,717
NET CURRENT LIABILITIES (120,457 ) (35,682 )
TOTAL ASSETS LESS CURRENT LIABILITIES 82,087 182,852

CREDITORS
Amounts falling due after more than one
year

8

(25,488

)

(44,152

)

PROVISIONS FOR LIABILITIES (45,665 ) (41,038 )
NET ASSETS 10,934 97,662

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 10,933 97,661
SHAREHOLDERS' FUNDS 10,934 97,662

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2023 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.

Alweld Limited (Registered number: 05995062)

Balance Sheet - continued
30 November 2023


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 29 November 2024 and were signed on its behalf by:





D Allen - Director


Alweld Limited (Registered number: 05995062)

Notes to the Financial Statements
For The Period 28 November 2022 to 30 November 2023

1. STATUTORY INFORMATION

Alweld 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.

Despite the net current liabilities position at the year end the financial statements have been prepared on a going concern basis as the company has the continued support of the directors.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received for the sale of industrial equipment and machine tools excluding value added tax. Turnover is accounted for in the period to which it relates.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans, trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.


Alweld Limited (Registered number: 05995062)

Notes to the Financial Statements - continued
For The Period 28 November 2022 to 30 November 2023

2. ACCOUNTING POLICIES - continued
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 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

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

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 period was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 28 November 2022
and 30 November 2023 1,999
AMORTISATION
At 28 November 2022
and 30 November 2023 1,999
NET BOOK VALUE
At 30 November 2023 -
At 27 November 2022 -

Alweld Limited (Registered number: 05995062)

Notes to the Financial Statements - continued
For The Period 28 November 2022 to 30 November 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 28 November 2022 504,981
Additions 19,918
At 30 November 2023 524,899
DEPRECIATION
At 28 November 2022 286,447
Charge for period 35,908
At 30 November 2023 322,355
NET BOOK VALUE
At 30 November 2023 202,544
At 27 November 2022 218,534

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 28 November 2022
and 30 November 2023 19,601
DEPRECIATION
At 28 November 2022 2,940
Charge for period 2,499
At 30 November 2023 5,439
NET BOOK VALUE
At 30 November 2023 14,162
At 27 November 2022 16,661

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 27.11.22
£    £   
Trade debtors 333,701 468,553
Other debtors 121,811 107,393
455,512 575,946

Alweld Limited (Registered number: 05995062)

Notes to the Financial Statements - continued
For The Period 28 November 2022 to 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 27.11.22
£    £   
Bank loans and overdrafts 12,500 14,500
Hire purchase contracts 3,573 3,573
Trade creditors 248,500 176,481
Taxation and social security 63,578 79,765
Other creditors 278,761 389,398
606,912 663,717

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 27.11.22
£    £   
Bank loans 15,400 30,500
Hire purchase contracts 10,088 13,652
25,488 44,152

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 27.11.22
£    £   
Hire purchase contracts 13,661 17,225
Other creditors - 384,399
Bank loans - 11,000
13,661 412,624

10. TRANSACTIONS WITH DIRECTORS

D Allen, the company director, operates a current account with the company to which transactions of a private nature are charged. Included in other debtors as at 30th November 2023 is £121,811 (2022 £109,393) owing from D Allen. Interest was charged on this loan at rates of 2% and 2.25%.