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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
Page
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Exactweld (G.B.) Limited Company Information for the year ended 30 April 2024
Directors
Guy Christopher Pearson John Baldwin
Secretary
J 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
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Exactweld (G.B.) Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
144,361 
144,951 
Current assets
Inventories
580 
569 
Debtors
29,571 
26,837 
Cash at bank and in hand
134,933 
123,695 
165,084 
151,101 
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
Deferred tax
- 
(699)
Net assets
288,362 
278,372 
Capital and reserves
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
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Exactweld (G.B.) Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 30 April 2024
141,009 
3,351 
1 
144,361 
At 30 April 2023
141,009 
3,941 
1 
144,951 
5
Inventories
2024 
2023 
£ 
£ 
Raw materials
580 
569 
580 
569 
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Exactweld (G.B.) Limited Notes to the Accounts for the year ended 30 April 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
25,425 
23,292 
Accrued income and prepayments
4,146 
3,545 
29,571 
26,837 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,984 
6,433 
Trade creditors
1,154 
108 
Taxes and social security
10,597 
6,515 
Loans from directors
2,048 
2,019 
Accruals
1,300 
1,906 
21,083 
16,981 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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