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Company Registration No. 11613560 (England and Wales)
PAYNE'S WELDING LTD Unaudited accounts for the year ended 31 October 2024
PAYNE'S WELDING LTD Unaudited accounts Contents
Page
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PAYNE'S WELDING LTD Company Information for the year ended 31 October 2024
Director
Rikki Payne
Company Number
11613560 (England and Wales)
Registered Office
3 DEYLEY WAY ASHFORD TN23 5HX ENGLAND
Accountants
Track Accountancy Ltd 2 New rents Upper floors Ashford Kent TN23 1JH
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PAYNE'S WELDING LTD Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,129 
31,722 
Current assets
Debtors
88,524 
64,340 
Cash at bank and in hand
4,374 
6,094 
92,898 
70,434 
Creditors: amounts falling due within one year
(49,441)
(38,730)
Net current assets
43,457 
31,704 
Total assets less current liabilities
65,586 
63,426 
Creditors: amounts falling due after more than one year
- 
(6,023)
Net assets
65,586 
57,403 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
65,585 
57,402 
Shareholders' funds
65,586 
57,403 
For the year ending 31 October 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 20 March 2025 and were signed on its behalf by
Rikki Payne Director Company Registration No. 11613560
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PAYNE'S WELDING LTD Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
PAYNE'S WELDING LTD is a private company, limited by shares, registered in England and Wales, registration number 11613560. The registered office is 3 DEYLEY WAY, ASHFORD, TN23 5HX, 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
25%
Motor vehicles
25%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
16,400 
34,096 
50,496 
At 31 October 2024
16,400 
34,096 
50,496 
Depreciation
At 1 November 2023
7,175 
11,599 
18,774 
Charge for the year
3,075 
6,518 
9,593 
At 31 October 2024
10,250 
18,117 
28,367 
Net book value
At 31 October 2024
6,150 
15,979 
22,129 
At 31 October 2023
9,225 
22,497 
31,722 
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PAYNE'S WELDING LTD Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,025 
Trade debtors
8,231 
19,544 
Accrued income and prepayments
80,293 
43,771 
88,524 
64,340 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,396 
983 
Trade creditors
1,836 
1,501 
Taxes and social security
42,148 
18,517 
Loans from directors
4,061 
17,729 
49,441 
38,730 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
6,023 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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