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REGISTERED NUMBER: 01814478 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Pressure Welding Machines Limited

Pressure Welding Machines Limited (Registered number: 01814478)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pressure Welding Machines Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: S Mepsted
Gladetree Limited
J C Sherwen





SECRETARY: T W Sherwen





REGISTERED OFFICE: Mile End Green
Dartford
Kent
DA2 8EB





REGISTERED NUMBER: 01814478 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
United Kingdom
SE19 3RW

Pressure Welding Machines Limited (Registered number: 01814478)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 87,723 57,030

CURRENT ASSETS
Debtors 5 1,288,202 1,433,371
Cash at bank and in hand 2,346,935 1,305,433
3,635,137 2,738,804
CREDITORS
Amounts falling due within one year 6 (1,945,139 ) (1,196,592 )
NET CURRENT ASSETS 1,689,998 1,542,212
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,777,721

1,599,242

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 1,767,721 1,589,242
SHAREHOLDERS' FUNDS 1,777,721 1,599,242

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2025 and were signed on its behalf by:





J C Sherwen - Director


Pressure Welding Machines Limited (Registered number: 01814478)

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

1. STATUTORY INFORMATION

Pressure Welding Machines 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 33% on cost, 25% on reducing balance and 20% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

Pressure Welding Machines Limited (Registered number: 01814478)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 119,163
Additions 57,025
Disposals (33,000 )
At 31 July 2024 143,188
DEPRECIATION
At 1 August 2023 62,133
Charge for year 9,993
Eliminated on disposal (16,661 )
At 31 July 2024 55,465
NET BOOK VALUE
At 31 July 2024 87,723
At 31 July 2023 57,030

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 1,086,996 1,170,030
Other debtors 201,206 263,341
1,288,202 1,433,371

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 632,547 541,280
Amounts owed to group undertakings 1,244,226 593,498
Taxation and social security 57,471 43,753
Other creditors 10,895 18,061
1,945,139 1,196,592