Company Registration No. 01359000 (England and Wales)
Exactweld (G.B.) Limited
Unaudited Financial Statements
for the year ended 30 April 2024
Exactweld (G.B.) Limited
Unaudited Financial Statements
Contents
Exactweld (G.B.) Limited
Company Information
for the year ended 30 April 2024
Directors
Guy Christopher Pearson
John Baldwin
Company Number
01359000 (England and Wales)
Registered Office
Unit J
Charlwoods Business Centre
East Grinstead
RH19 2HH
England
Accountants
M I Spencer Ltd
4 Farmland Way
Hailsham
East Sussex
BN27 1SP
Exactweld (G.B.) Limited
Statement of financial position
as at 30 April 2024
Tangible assets
144,361
144,951
Cash at bank and in hand
134,933
123,695
Creditors: amounts falling due within one year
(21,083)
(16,981)
Net current assets
144,001
134,120
Total assets less current liabilities
288,362
279,071
Provisions for liabilities
Net assets
288,362
278,372
Called up share capital
100
100
Profit and loss account
288,262
278,272
Shareholders' funds
288,362
278,372
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 21 January 2025 and were signed on its behalf by
Guy Christopher Pearson
Director
Company Registration No. 01359000
Exactweld (G.B.) Limited
Notes to the Accounts
for the year ended 30 April 2024
Exactweld (G.B.) Limited is a private company, limited by shares, registered in England and Wales, registration number 01359000. The registered office is Unit J, Charlwoods Business Centre , East Grinstead, RH19 2HH, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. 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
Fixtures & fittings
10% on cost
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
141,009
89,939
15,710
246,658
At 30 April 2024
141,009
89,939
15,710
246,658
At 1 May 2023
-
85,998
15,709
101,707
Charge for the year
-
590
-
590
At 30 April 2024
-
86,588
15,709
102,297
At 30 April 2024
141,009
3,351
1
144,361
At 30 April 2023
141,009
3,941
1
144,951
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Exactweld (G.B.) Limited
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
25,425
23,292
Accrued income and prepayments
4,146
3,545
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
10,597
6,515
Loans from directors
2,048
2,019
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).