Company registration number 01795984 (England and Wales)
A.B.R. (SPECIALIST WELDING) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
A.B.R. (SPECIALIST WELDING) LIMITED
COMPANY INFORMATION
Directors
R Hewitson
A Hewitson
Secretary
A Hewitson
Company number
01795984
Registered office
2 Haines Street
West Bromwich
West Midlands
B70 7DS
Accountants
Jerroms GCN Limited
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
A.B.R. (SPECIALIST WELDING) LIMITED
CONTENTS
Page
Accountants' report
1
Statement of financial position
2 - 3
Notes to the financial statements
4 - 6
A.B.R. (SPECIALIST WELDING) LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF A.B.R. (SPECIALIST WELDING) LIMITED
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A.B.R. (Specialist Welding) Limited for the year ended 30 April 2024 which comprise, the 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the board of directors of A.B.R. (Specialist Welding) Limited, as a body, in accordance with the terms of our engagement letter dated 12 January 2024. Our work has been undertaken solely to prepare for your approval the financial statements of A.B.R. (Specialist Welding) Limited and state those matters that we have agreed to state to the board of directors of A.B.R. (Specialist Welding) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A.B.R. (Specialist Welding) Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that A.B.R. (Specialist Welding) Limited 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 A.B.R. (Specialist Welding) Limited. You consider that A.B.R. (Specialist Welding) Limited 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 A.B.R. (Specialist Welding) Limited. 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.

Jerroms GCN Limited
Chartered Certified Accountants
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
28 April 2025
A.B.R. (SPECIALIST WELDING) LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 APRIL 2024
30 April 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
25,875
85,396
Current assets
Stocks
4
3,557
2,417
Debtors
5
171,590
148,969
Cash at bank and in hand
1,281,748
1,175,067
1,456,895
1,326,453
Creditors: amounts falling due within one year
6
(108,319)
(68,249)
Net current assets
1,348,576
1,258,204
Total assets less current liabilities
1,374,451
1,343,600
Provisions for liabilities
-
0
(8,107)
Net assets
1,374,451
1,335,493
Capital and reserves
Called up share capital
8
20
20
Capital redemption reserve
89
89
Profit and loss reserves
1,374,342
1,335,384
Total equity
1,374,451
1,335,493
A.B.R. (SPECIALIST WELDING) LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 3 -

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 28 April 2025 and are signed on its behalf by:
R Hewitson
A Hewitson
Director
Director
Company registration number 01795984 (England and Wales)
A.B.R. (SPECIALIST WELDING) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
1
Accounting policies
Company information

A.B.R. (Specialist Welding) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Haines Street, West Bromwich, West Midlands, B70 7DS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Turnover

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

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
33% Straight line
Fixtures and fittings
25% Straight line
Motor vehicles
25% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

A.B.R. (SPECIALIST WELDING) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
6
6
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 May 2023 and 30 April 2024
719,014
57,184
148,946
925,144
Depreciation and impairment
At 1 May 2023
670,764
45,603
123,381
839,748
Depreciation charged in the year
34,285
5,876
19,360
59,521
At 30 April 2024
705,049
51,479
142,741
899,269
Carrying amount
At 30 April 2024
13,965
5,705
6,205
25,875
At 30 April 2023
48,250
11,581
25,565
85,396
4
Inventories
2024
2023
£
£
Finished goods
3,557
2,417
A.B.R. (SPECIALIST WELDING) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 6 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
154,562
137,882
Other debtors
11,309
11,087
165,871
148,969
Deferred tax asset
5,719
-
0
171,590
148,969
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
3,274
3,023
Corporation tax
35,319
18,832
Other taxation and social security
28,443
29,260
Other creditors
41,283
17,134
108,319
68,249
7
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
Assets
Assets
2024
2023
2024
2023
Balances:
£
£
£
£
Accelerated capital allowances
-
8,107
5,719
-
2024
Movements in the year:
£
Liability at 1 May 2023
8,107
Credit to profit or loss
(13,826)
Asset at 30 April 2024
(5,719)
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
20
20
20
20
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