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REGISTERED NUMBER: 02860346 (England and Wales)




















Financial Statements

for the Year Ended 31 December 2024

for

Welser Sections (UK) Limited

Welser Sections (UK) Limited (Registered number: 02860346)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Welser Sections (UK) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr N M Jeal
Mr T Sauber



REGISTERED OFFICE: 63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ



REGISTERED NUMBER: 02860346 (England and Wales)



SENIOR STATUTORY AUDITOR: Andrew Greenhalgh BFP FCA



AUDITORS: Clifford Roberts - Statutory Auditor
Chartered Accountants
Statutory Auditors
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Welser Sections (UK) Limited (Registered number: 02860346)

Balance Sheet
31 December 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 5 8 958

CURRENT ASSETS
Debtors 6 155,192 226,006
Cash at bank and in hand 78,779 56,321
233,971 282,327
CREDITORS
Amounts falling due within one year 7 22,298 26,518
NET CURRENT ASSETS 211,673 255,809
TOTAL ASSETS LESS CURRENT
LIABILITIES

211,681

256,767

PROVISIONS FOR LIABILITIES 2 -
NET ASSETS 211,679 256,767

CAPITAL AND RESERVES
Called up share capital 9 100,000 100,000
Retained earnings 111,679 156,767
SHAREHOLDERS' FUNDS 211,679 256,767

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 12 March 2025 and were signed on its behalf by:




Mr N M Jeal - Director



Mr T Sauber - Director


Welser Sections (UK) Limited (Registered number: 02860346)

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

1. STATUTORY INFORMATION

Welser Sections (UK) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Revenue
Turnover represents the amount derived from the provision of services falling within the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - at varying rates on cost

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Welser Sections (UK) Limited (Registered number: 02860346)

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

3. ACCOUNTING POLICIES - continued

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 January 2024 14,806 28,499 1,853 45,158
Disposals - (28,499 ) - (28,499 )
At 31 December 2024 14,806 - 1,853 16,659
DEPRECIATION
At 1 January 2024 14,802 27,549 1,849 44,200
Charge for year - 950 - 950
Eliminated on disposal - (28,499 ) - (28,499 )
At 31 December 2024 14,802 - 1,849 16,651
NET BOOK VALUE
At 31 December 2024 4 - 4 8
At 31 December 2023 4 950 4 958

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed by group undertakings 149,423 221,608
Other debtors 5,769 4,398
155,192 226,006

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 1,576 129
Amounts owed to group undertakings 1,522 -
Taxation and social security 18,988 25,967
Other creditors 212 422
22,298 26,518

Welser Sections (UK) Limited (Registered number: 02860346)

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

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 14,016 9,185
Between one and five years 19,448 14,543
33,464 23,728

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100,000 Ordinary £1 100,000 100,000

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Greenhalgh BFP FCA (Senior Statutory Auditor)
for and on behalf of Clifford Roberts - Statutory Auditor

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of The Welser Family by virtue of their 100% shareholding of Welser Profile Beteiligungs GmbH, the ultimate parent company. Registered office Prochenberg 24a, A-3341 Ybbsitz Austria.