IRIS Accounts Production v24.3.0.553 03334319 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033343192023-07-31033343192024-07-31033343192023-08-012024-07-31033343192022-07-31033343192022-08-012023-07-31033343192023-07-3103334319ns15:EnglandWales2023-08-012024-07-3103334319ns14:PoundSterling2023-08-012024-07-3103334319ns10:Director12023-08-012024-07-3103334319ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3103334319ns10:SmallEntities2023-08-012024-07-3103334319ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3103334319ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3103334319ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3103334319ns10:FullAccounts2023-08-012024-07-310333431912023-08-012024-07-3103334319ns10:OrdinaryShareClass12023-08-012024-07-3103334319ns10:OrdinaryShareClass22023-08-012024-07-3103334319ns10:OrdinaryShareClass32023-08-012024-07-3103334319ns10:Director22023-08-012024-07-3103334319ns10:Director32023-08-012024-07-3103334319ns10:CompanySecretary12023-08-012024-07-3103334319ns10:RegisteredOffice2023-08-012024-07-3103334319ns5:CurrentFinancialInstruments2024-07-3103334319ns5:CurrentFinancialInstruments2023-07-3103334319ns5:Non-currentFinancialInstruments2024-07-3103334319ns5:Non-currentFinancialInstruments2023-07-3103334319ns5:ShareCapital2024-07-3103334319ns5:ShareCapital2023-07-3103334319ns5:SharePremium2024-07-3103334319ns5:SharePremium2023-07-3103334319ns5:RetainedEarningsAccumulatedLosses2024-07-3103334319ns5:RetainedEarningsAccumulatedLosses2023-07-3103334319ns5:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3103334319ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-08-012024-07-3103334319ns5:PlantMachinery2023-08-012024-07-3103334319ns5:IntangibleAssetsOtherThanGoodwill2023-07-3103334319ns5:IntangibleAssetsOtherThanGoodwill2024-07-3103334319ns5:IntangibleAssetsOtherThanGoodwill2023-07-3103334319ns5:PlantMachinery2023-07-3103334319ns5:PlantMachinery2024-07-3103334319ns5:PlantMachinery2023-07-3103334319ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3103334319ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3103334319ns10:OrdinaryShareClass12024-07-3103334319ns10:OrdinaryShareClass22024-07-3103334319ns10:OrdinaryShareClass32024-07-31
REGISTERED NUMBER: 03334319 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Basic Welding Services Limited

Basic Welding Services Limited (Registered number: 03334319)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Basic Welding Services Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: P Jones
R Jones
J L Bowes





SECRETARY: Mrs C E Pye





REGISTERED OFFICE: 232 Briscoe Lane
Manchester
Greater Manchester
M40 2XG





REGISTERED NUMBER: 03334319 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Basic Welding Services Limited (Registered number: 03334319)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 85,585 103,567
Tangible assets 5 150,292 130,192
235,877 233,759

CURRENT ASSETS
Stocks 55,000 55,000
Debtors 6 165,120 172,417
Cash at bank and in hand 167,564 143,234
387,684 370,651
CREDITORS
Amounts falling due within one year 7 (484,285 ) (444,244 )
NET CURRENT LIABILITIES (96,601 ) (73,593 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,276

160,166

CREDITORS
Amounts falling due after more than one
year

8

(45,680

)

(48,781

)
NET ASSETS 93,596 111,385

CAPITAL AND RESERVES
Called up share capital 9 1,325 1,325
Share premium 39,875 39,875
Retained earnings 52,396 70,185
SHAREHOLDERS' FUNDS 93,596 111,385

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

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

Basic Welding Services Limited (Registered number: 03334319)

Balance Sheet - continued
31 July 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 27 March 2025 and were signed on its behalf by:





P Jones - Director


Basic Welding Services Limited (Registered number: 03334319)

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

1. STATUTORY INFORMATION

Basic Welding Services 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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

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

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

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 etc - 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 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

Basic Welding Services Limited (Registered number: 03334319)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2023
and 31 July 2024 179,825
AMORTISATION
At 1 August 2023 76,258
Charge for year 17,982
At 31 July 2024 94,240
NET BOOK VALUE
At 31 July 2024 85,585
At 31 July 2023 103,567

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 281,468
Additions 63,598
Disposals (14,890 )
At 31 July 2024 330,176
DEPRECIATION
At 1 August 2023 151,276
Charge for year 41,510
Eliminated on disposal (12,902 )
At 31 July 2024 179,884
NET BOOK VALUE
At 31 July 2024 150,292
At 31 July 2023 130,192

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 163,972 157,417
Other debtors 1,148 15,000
165,120 172,417

Basic Welding Services Limited (Registered number: 03334319)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 10,000 15,075
Hire purchase contracts 39,507 14,613
Trade creditors 201,597 181,204
Taxation and social security 42,173 24,980
Other creditors 191,008 208,372
484,285 444,244

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 7,525 17,271
Hire purchase contracts 38,155 31,510
45,680 48,781

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
1,000 Ordinary A £1.00 1,000 1,000
200 Ordinary B £1.00 200 200
125 Ordinary C £1.00 125 125
1,325 1,325