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REGISTERED NUMBER: 07829175 (England and Wales)















PWS WELDER TRAINING SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






PWS WELDER TRAINING SERVICES LTD (REGISTERED NUMBER: 07829175)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

PWS WELDER TRAINING SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr A A Machin
Mrs P Machin





REGISTERED OFFICE: Endeavour House 7 Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR





REGISTERED NUMBER: 07829175 (England and Wales)





ACCOUNTANTS: Candour Accounts Limited
Endeavour House
7 Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR

PWS WELDER TRAINING SERVICES LTD (REGISTERED NUMBER: 07829175)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,500 4,000
Tangible assets 5 2,106 1,807
5,606 5,807

CURRENT ASSETS
Debtors 6 2,578 8,303
Cash at bank 33,078 35,311
35,656 43,614
CREDITORS
Amounts falling due within one year 7 9,747 13,090
NET CURRENT ASSETS 25,909 30,524
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,515

36,331

PROVISIONS FOR LIABILITIES 526 343
NET ASSETS 30,989 35,988

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 9 30,979 35,978
SHAREHOLDERS' FUNDS 30,989 35,988

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

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

PWS WELDER TRAINING SERVICES LTD (REGISTERED NUMBER: 07829175)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:




Mrs P Machin - Director



Mr A A Machin - Director


PWS WELDER TRAINING SERVICES LTD (REGISTERED NUMBER: 07829175)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

PWS Welder Training Services Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty 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 - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


PWS WELDER TRAINING SERVICES LTD (REGISTERED NUMBER: 07829175)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 10,000
AMORTISATION
At 1 November 2023 6,000
Amortisation for year 500
At 31 October 2024 6,500
NET BOOK VALUE
At 31 October 2024 3,500
At 31 October 2023 4,000

PWS WELDER TRAINING SERVICES LTD (REGISTERED NUMBER: 07829175)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 November 2023 7,288 5,284 12,572
Additions - 916 916
At 31 October 2024 7,288 6,200 13,488
DEPRECIATION
At 1 November 2023 6,022 4,743 10,765
Charge for year 253 364 617
At 31 October 2024 6,275 5,107 11,382
NET BOOK VALUE
At 31 October 2024 1,013 1,093 2,106
At 31 October 2023 1,266 541 1,807

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,250 7,957
VAT 81 -
Prepayments 247 346
2,578 8,303

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 6,541 9,208
VAT - 763
Directors' current accounts 1,716 1,629
Accrued expenses 1,490 1,490
9,747 13,090

PWS WELDER TRAINING SERVICES LTD (REGISTERED NUMBER: 07829175)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary Shares 1 10 10

9. RESERVES
Retained
earnings
£   

At 1 November 2023 35,978
Profit for the year 28,001
Dividends (33,000 )
At 31 October 2024 30,979

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Mrs P Machin and Mr A A Machin
Balance outstanding at start of year 1,629 1,326
Amounts advanced 312 312
Amounts repaid (225 ) (9 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,716 1,629

The following advances and credits to directors subsisted during the years ended 31 October 2024
and 31 October 2023:

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PWS WELDER TRAINING SERVICES LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PWS Welder Training Services Ltd for the year ended 31 October 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of PWS Welder Training Services Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PWS Welder Training Services Ltd and state those matters that we have agreed to state to the Board of Directors of PWS Welder Training Services Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PWS Welder Training Services Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that PWS Welder Training Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PWS Welder Training Services Ltd. You consider that PWS Welder Training Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PWS Welder Training Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Candour Accounts Limited
Endeavour House
7 Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR


Date: .............................................