Flemweld Ltd
Unaudited accounts
Contents
Flemweld Ltd
Company Information
for the year ended 31 May 2024
Company Number
SC506806 (Scotland)
Registered Office
31 MAIN STREET
DALMELLINGTON
KA6 7QL
SCOTLAND
Accountants
W Wilson Millar Ltd
32 Moorfield Road
Prestwick
KA9 2HW
Flemweld Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
25,593
31,991
Cash at bank and in hand
78,144
57,042
Creditors: amounts falling due within one year
(90,191)
(96,423)
Net current assets/(liabilities)
3
(13,225)
Called up share capital
100
100
Profit and loss account
25,496
18,666
Shareholders' funds
25,596
18,766
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 16 January 2024 and were signed on its behalf by
Steven Fleming
Director
Company Registration No. SC506806
Flemweld Ltd
Notes to the Accounts
for the year ended 31 May 2024
Flemweld Ltd is a private company, limited by shares, registered in Scotland, registration number SC506806. The registered office is 31 MAIN STREET, DALMELLINGTON, KA6 7QL, SCOTLAND.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2023
28,217
37,172
65,389
At 31 May 2024
28,217
37,172
65,389
At 1 June 2023
16,490
16,908
33,398
Charge for the year
2,345
4,053
6,398
At 31 May 2024
18,835
20,961
39,796
At 31 May 2024
9,382
16,211
25,593
At 31 May 2023
11,727
20,264
31,991
Flemweld Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
10,550
18,855
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
29,167
39,167
Trade creditors
5,714
5,932
Taxes and social security
14,997
5,732
Loans from directors
30,980
45,592
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).