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REGISTERED NUMBER: 10156369 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

PC WELDING SERVICES LTD

PC WELDING SERVICES LTD (REGISTERED NUMBER: 10156369)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


PC WELDING SERVICES LTD (REGISTERED NUMBER: 10156369)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 12,890 16,184

CURRENT ASSETS
Debtors 6 2,438 8,768
Cash at bank and in hand 155 2,493
2,593 11,261
CREDITORS
Amounts falling due within one year 7 63,847 64,255
NET CURRENT LIABILITIES (61,254 ) (52,994 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(48,364

)

(36,810

)

CREDITORS
Amounts falling due after more than one year 8 7,325 11,768
NET LIABILITIES (55,689 ) (48,578 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (55,789 ) (48,678 )
SHAREHOLDERS' FUNDS (55,689 ) (48,578 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PC WELDING SERVICES LTD (REGISTERED NUMBER: 10156369)

Statement of Financial Position - continued
30 April 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 director and authorised for issue on 22 January 2025 and were signed by:





Mr P A Cartwright - Director


PC WELDING SERVICES LTD (REGISTERED NUMBER: 10156369)

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

1. STATUTORY INFORMATION

PC Welding Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10156369

Registered office: 7 Marconi Gate
Stafford
Staffordshire
ST18 0FZ

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The preparation of the financial statements in conformity with generally accepted accounting principles requires the Directors to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results in the future could differ from those estimates. Management considers that certain accounting assumptions relating to revenue, taxation and provisions are its critical accounting policies.

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

Turnover is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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 statement of financial position date.


PC WELDING SERVICES LTD (REGISTERED NUMBER: 10156369)

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

3. ACCOUNTING POLICIES - continued
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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 19,468 18,265 793 38,526
DEPRECIATION
At 1 May 2023 11,521 10,559 262 22,342
Charge for year 1,192 1,927 175 3,294
At 30 April 2024 12,713 12,486 437 25,636
NET BOOK VALUE
At 30 April 2024 6,755 5,779 356 12,890
At 30 April 2023 7,947 7,706 531 16,184

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 2,438 8,768

PC WELDING SERVICES LTD (REGISTERED NUMBER: 10156369)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 3,790 1,500
Hire purchase contracts 2,879 2,389
Trade creditors 1,454 11,070
Directors' current accounts 54,584 48,156
Accrued expenses 1,140 1,140
63,847 64,255

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 2,645 4,125
Hire purchase contracts 4,680 7,643
7,325 11,768