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REGISTERED NUMBER: 03359835 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Goole Welding Limited

Goole Welding Limited (Registered number: 03359835)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Goole Welding Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: S J McGrory
Mrs G McGrory





SECRETARY: Mrs G McGrory





REGISTERED OFFICE: New Potter Grange Road
M62 Trading Estate
Goole
East Yorkshire
DN14 6BZ





REGISTERED NUMBER: 03359835 (England and Wales)





ACCOUNTANTS: Try Lunn & Co
Chartered Accountants
Roland House
Princes Dock Street
HULL HU1 2LD

Goole Welding Limited (Registered number: 03359835)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 524,353 565,637
524,354 565,638

CURRENT ASSETS
Stocks 40,732 6,947
Debtors 6 221,990 262,162
Cash at bank and in hand 1,429,385 1,307,854
1,692,107 1,576,963
CREDITORS
Amounts falling due within one year 7 161,296 196,111
NET CURRENT ASSETS 1,530,811 1,380,852
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,055,165

1,946,490

PROVISIONS FOR LIABILITIES 51,230 39,794
NET ASSETS 2,003,935 1,906,696

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 8 11,840 11,840
Retained earnings 8 1,991,095 1,893,856
SHAREHOLDERS' FUNDS 2,003,935 1,906,696

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Goole Welding Limited (Registered number: 03359835)

Balance Sheet - continued
30 September 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 15 January 2025 and were signed on its behalf by:





S J McGrory - Director


Goole Welding Limited (Registered number: 03359835)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Goole Welding 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance, 20% on reducing balance, 15% on reducing balance, 10% on reducing balance and 2% on cost

Freehold Property
No depreciation is provided on the freehold property. It is the company's policy to maintain freehold property in such a condition that the value of the property taken as a whole is not impaired by the passage of time. Such maintenance expenditure is charged against profits in the year in which it arises . Any element of depreciation would in the opinion of the directors be immaterial and no provision has been made.

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 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.


Goole Welding Limited (Registered number: 03359835)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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 16 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 1
NET BOOK VALUE
At 30 September 2024 1
At 30 September 2023 1

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 355,830 899,843 1,255,673
Additions - 59,355 59,355
Disposals (63,065 ) (46,386 ) (109,451 )
At 30 September 2024 292,765 912,812 1,205,577
DEPRECIATION
At 1 October 2023 - 690,036 690,036
Charge for year - 32,021 32,021
Eliminated on disposal - (40,833 ) (40,833 )
At 30 September 2024 - 681,224 681,224
NET BOOK VALUE
At 30 September 2024 292,765 231,588 524,353
At 30 September 2023 355,830 209,807 565,637

Goole Welding Limited (Registered number: 03359835)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 190,945 233,428
Other debtors 31,045 28,734
221,990 262,162

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 53,491 48,284
Taxation and social security 64,525 83,366
Other creditors 43,280 64,461
161,296 196,111

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 October 2023 1,893,856 11,840 1,905,696
Profit for the year 97,239 97,239
At 30 September 2024 1,991,095 11,840 2,002,935

9. CONTROLLING PARTY

The controlling party is S J McGrory.