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REGISTERED NUMBER: 00459014 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

A WELCH & SONS LIMITED

A WELCH & SONS LIMITED (REGISTERED NUMBER: 00459014)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A WELCH & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: T M Welch
Mrs A Welch





SECRETARY: T M Welch





REGISTERED OFFICE: 94 Station Road
HERNE BAY
Kent
CT6 5QB





REGISTERED NUMBER: 00459014 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
2 The Links
HERNE BAY
Kent
CT6 7GQ

A WELCH & SONS LIMITED (REGISTERED NUMBER: 00459014)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 169,634 211,115
Investments 6 178,063 161,213
Investment property 7 714,000 714,000
1,061,697 1,086,328

CURRENT ASSETS
Stocks 16,678 21,306
Debtors 8 72,371 101,631
Cash at bank and in hand 457,807 431,614
546,856 554,551
CREDITORS
Amounts falling due within one year 9 90,435 110,571
NET CURRENT ASSETS 456,421 443,980
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,518,118

1,530,308

CREDITORS
Amounts falling due after more than one
year

10

(13,247

)

(16,184

)

PROVISIONS FOR LIABILITIES (199,066 ) (201,817 )
NET ASSETS 1,305,805 1,312,307

CAPITAL AND RESERVES
Called up share capital 11 1,275 1,275
Fair value reserve 557,831 545,193
Retained earnings 746,699 765,839
SHAREHOLDERS' FUNDS 1,305,805 1,312,307

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

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

A WELCH & SONS LIMITED (REGISTERED NUMBER: 00459014)

BALANCE SHEET - continued
31ST DECEMBER 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 31st March 2025 and were signed on its behalf by:




T M Welch - Director



Mrs A Welch - Director


A WELCH & SONS LIMITED (REGISTERED NUMBER: 00459014)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

A Welch & Sons 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. 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% per annum
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance, 20% on reducing balance, 15% on reducing balance and over the term of the lease

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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 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.

Leased assets
Assets acquired under finance leases are capitalised and liabilities are set up for the capital portions of the instalments.

The rentals have been apportioned between finance charge and the outstanding obligation under the lease using the effective interest method.

A WELCH & SONS LIMITED (REGISTERED NUMBER: 00459014)

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

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a money purchase scheme and no additional liability arises other than payments to the pension scheme which are charged to the profit and loss account in the year in which they are made.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Leasehold and
property improvements fittings
£    £    £   
COST
At 1st January 2024 34,650 6,523 90,617
Additions - - -
At 31st December 2024 34,650 6,523 90,617
DEPRECIATION
At 1st January 2024 21,899 6,522 77,008
Charge for year 693 - 2,042
At 31st December 2024 22,592 6,522 79,050
NET BOOK VALUE
At 31st December 2024 12,058 1 11,567
At 31st December 2023 12,751 1 13,609

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1st January 2024 470,030 10,000 611,820
Additions - 215 215
At 31st December 2024 470,030 10,215 612,035
DEPRECIATION
At 1st January 2024 288,749 6,527 400,705
Charge for year 37,745 1,216 41,696
At 31st December 2024 326,494 7,743 442,401
NET BOOK VALUE
At 31st December 2024 143,536 2,472 169,634
At 31st December 2023 181,281 3,473 211,115

A WELCH & SONS LIMITED (REGISTERED NUMBER: 00459014)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st January 2024
and 31st December 2024 27,373
DEPRECIATION
At 1st January 2024 10,949
Charge for year 4,106
At 31st December 2024 15,055
NET BOOK VALUE
At 31st December 2024 12,318
At 31st December 2023 16,424

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st January 2024 161,213
Revaluations 16,850
At 31st December 2024 178,063
NET BOOK VALUE
At 31st December 2024 178,063
At 31st December 2023 161,213

Cost or valuation at 31st December 2024 is represented by:

Other
investments
£   
Valuation in 2024 178,063

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2024
and 31st December 2024 714,000
NET BOOK VALUE
At 31st December 2024 714,000
At 31st December 2023 714,000

Fair value at 31st December 2024 is represented by:
£   
Valuation in 2024 714,000

The investment property has been revalued at the year end, based upon the Director's valuation, using comparisons of property sales and values in the local area.

A WELCH & SONS LIMITED (REGISTERED NUMBER: 00459014)

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

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 69,129 98,418
Other debtors 3,242 3,213
72,371 101,631

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 2,937 2,458
Trade creditors 62,526 45,147
Taxation and social security 20,298 58,292
Other creditors 4,674 4,674
90,435 110,571

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 13,247 16,184

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,265 Ordinary £1 1,265 1,265
5 Ordinary A £1 5 5
5 Ordinary B £1 5 5
1,275 1,275