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REGISTERED NUMBER: 04975737 (England and Wales)
















Financial Statements

for the Year Ended 31 May 2024

for

Fix and Weld Limited

Fix and Weld Limited (Registered number: 04975737)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Fix and Weld Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: S J Hudd
F A Hudd





SECRETARY: F A Hudd





REGISTERED OFFICE: 200 Westward Road
Ebley
Stroud
Gloucestershire
GL5 4ST





REGISTERED NUMBER: 04975737 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Fix and Weld Limited

Report of the Accountants to the Directors of
Fix and Weld Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GCSD Accountants Limited


31 January 2025

Fix and Weld Limited (Registered number: 04975737)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,500 -
Tangible assets 5 118,662 101,389
126,162 101,389

CURRENT ASSETS
Stocks 261,230 280,481
Debtors 6 203,036 213,850
Cash at bank and in hand 223,834 275,973
688,100 770,304
CREDITORS
Amounts falling due within one year 7 297,082 275,602
NET CURRENT ASSETS 391,018 494,702
TOTAL ASSETS LESS CURRENT LIABILITIES 517,180 596,091

CREDITORS
Amounts falling due after more than one
year

8

(12,177

)

(24,349

)

PROVISIONS FOR LIABILITIES (20,357 ) (24,809 )
NET ASSETS 484,646 546,933

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 484,526 546,813
SHAREHOLDERS' FUNDS 484,646 546,933

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Fix and Weld Limited (Registered number: 04975737)

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





S J Hudd - Director


Fix and Weld Limited (Registered number: 04975737)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Fix and Weld 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, 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.

Website are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Fix and Weld Limited (Registered number: 04975737)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill Website Totals
£    £    £   
COST
At 1 June 2023 50,000 18,250 68,250
Additions - 11,250 11,250
At 31 May 2024 50,000 29,500 79,500
AMORTISATION
At 1 June 2023 50,000 18,250 68,250
Amortisation for year - 3,750 3,750
At 31 May 2024 50,000 22,000 72,000
NET BOOK VALUE
At 31 May 2024 - 7,500 7,500
At 31 May 2023 - - -

Fix and Weld Limited (Registered number: 04975737)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 - 65,403 139,949 79,542 284,894
Additions 57,651 399 - 2,001 60,051
Disposals - (18,545 ) (54,605 ) (43,989 ) (117,139 )
At 31 May 2024 57,651 47,257 85,344 37,554 227,806
DEPRECIATION
At 1 June 2023 - 40,402 84,150 58,953 183,505
Charge for year 2,883 3,330 9,818 5,191 21,222
Eliminated on disposal - (15,343 ) (38,078 ) (42,162 ) (95,583 )
At 31 May 2024 2,883 28,389 55,890 21,982 109,144
NET BOOK VALUE
At 31 May 2024 54,768 18,868 29,454 15,572 118,662
At 31 May 2023 - 25,001 55,799 20,589 101,389

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 195,091 207,684
Other debtors 7,945 6,166
203,036 213,850

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,167 12,167
Trade creditors 257,062 153,319
Taxation and social security 23,965 57,475
Other creditors 3,888 52,641
297,082 275,602

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,177 24,349