IRIS Accounts Production v25.1.3.33 06478694 Board of Directors 1.2.24 31.1.25 31.1.25 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh064786942024-01-31064786942025-01-31064786942024-02-012025-01-31064786942023-01-31064786942023-02-012024-01-31064786942024-01-3106478694ns15:EnglandWales2024-02-012025-01-3106478694ns14:PoundSterling2024-02-012025-01-3106478694ns10:Director12024-02-012025-01-3106478694ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3106478694ns10:SmallEntities2024-02-012025-01-3106478694ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3106478694ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3106478694ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3106478694ns10:FullAccounts2024-02-012025-01-310647869412024-02-012025-01-3106478694ns10:Director22024-02-012025-01-3106478694ns10:Director32024-02-012025-01-3106478694ns10:Director42024-02-012025-01-3106478694ns10:CompanySecretary12024-02-012025-01-3106478694ns10:RegisteredOffice2024-02-012025-01-3106478694ns5:CurrentFinancialInstruments2025-01-3106478694ns5:CurrentFinancialInstruments2024-01-3106478694ns5:Non-currentFinancialInstruments2025-01-3106478694ns5:Non-currentFinancialInstruments2024-01-3106478694ns5:ShareCapital2025-01-3106478694ns5:ShareCapital2024-01-3106478694ns5:RetainedEarningsAccumulatedLosses2025-01-3106478694ns5:RetainedEarningsAccumulatedLosses2024-01-3106478694ns5:NetGoodwill2024-02-012025-01-3106478694ns5:IntangibleAssetsOtherThanGoodwill2024-02-012025-01-3106478694ns5:PlantMachinery2024-02-012025-01-3106478694ns5:NetGoodwill2024-01-3106478694ns5:NetGoodwill2025-01-3106478694ns5:NetGoodwill2024-01-3106478694ns5:LeaseholdImprovements2024-01-3106478694ns5:PlantMachinery2024-01-3106478694ns5:FurnitureFittings2024-01-3106478694ns5:LeaseholdImprovements2024-02-012025-01-3106478694ns5:FurnitureFittings2024-02-012025-01-3106478694ns5:LeaseholdImprovements2025-01-3106478694ns5:PlantMachinery2025-01-3106478694ns5:FurnitureFittings2025-01-3106478694ns5:LeaseholdImprovements2024-01-3106478694ns5:PlantMachinery2024-01-3106478694ns5:FurnitureFittings2024-01-3106478694ns5:MotorVehicles2024-01-3106478694ns5:ComputerEquipment2024-01-3106478694ns5:MotorVehicles2024-02-012025-01-3106478694ns5:ComputerEquipment2024-02-012025-01-3106478694ns5:MotorVehicles2025-01-3106478694ns5:ComputerEquipment2025-01-3106478694ns5:MotorVehicles2024-01-3106478694ns5:ComputerEquipment2024-01-3106478694ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-3106478694ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-02-012025-01-3106478694ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2025-01-3106478694ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-3106478694ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3106478694ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-31
REGISTERED NUMBER: 06478694 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

D. HUGHES WELDING & FABRICATION LIMITED

D. HUGHES WELDING & FABRICATION LIMITED (REGISTERED NUMBER: 06478694)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D. HUGHES WELDING & FABRICATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: D HUGHES
MRS C HUGHES
A HUGHES
MRS R HUGHES-DAVIES





SECRETARY: MRS C HUGHES





REGISTERED OFFICE: HEMSWELL
4 CHESTNUT COURT
PARC MENAI
BANGOR
GWYNEDD
LL57 4FH





REGISTERED NUMBER: 06478694 (England and Wales)





ACCOUNTANTS: JOSEPH LAWRENCE
CHARTERED TAX ADVISERS - ACCOUNTANTS
HEMSWELL
4 CHESTNUT COURT
PARC MENAI
BANGOR
GWYNEDD
LL57 4FH

D. HUGHES WELDING & FABRICATION LIMITED (REGISTERED NUMBER: 06478694)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 367,071 345,823
367,071 345,823

CURRENT ASSETS
Stocks 233,410 115,308
Debtors 6 289,453 383,841
Cash at bank 762,939 994,802
1,285,802 1,493,951
CREDITORS
Amounts falling due within one year 7 270,969 483,060
NET CURRENT ASSETS 1,014,833 1,010,891
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,381,904

1,356,714

CREDITORS
Amounts falling due after more than one
year

8

(23,239

)

(41,928

)

PROVISIONS FOR LIABILITIES (91,767 ) (83,101 )
NET ASSETS 1,266,898 1,231,685

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,266,798 1,231,585
SHAREHOLDERS' FUNDS 1,266,898 1,231,685

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

D. HUGHES WELDING & FABRICATION LIMITED (REGISTERED NUMBER: 06478694)

BALANCE SHEET - continued
31 JANUARY 2025


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 June 2025 and were signed on its behalf by:





D HUGHES - Director


D. HUGHES WELDING & FABRICATION LIMITED (REGISTERED NUMBER: 06478694)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

D. HUGHES WELDING & FABRICATION 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.

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 2008, is being amortised evenly over its estimated useful life of ten years.

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.

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.
Plant and machinery etc - 40% on reducing balance, 25% on reducing balance and 15% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

D. HUGHES WELDING & FABRICATION LIMITED (REGISTERED NUMBER: 06478694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 19 (2024 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 1,000,000
AMORTISATION
At 1 February 2024
and 31 January 2025 1,000,000
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

D. HUGHES WELDING & FABRICATION LIMITED (REGISTERED NUMBER: 06478694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

5. TANGIBLE FIXED ASSETS
Improvements
to
leasehold Plant and Office
property machinery equipment
£    £    £   
COST
At 1 February 2024 700 460,796 24,673
Additions 28,815 13,626 831
Disposals - - -
At 31 January 2025 29,515 474,422 25,504
DEPRECIATION
At 1 February 2024 700 257,384 15,947
Charge for year 244 31,518 1,395
Eliminated on disposal - - -
At 31 January 2025 944 288,902 17,342
NET BOOK VALUE
At 31 January 2025 28,571 185,520 8,162
At 31 January 2024 - 203,412 8,726

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2024 305,666 37,808 829,643
Additions 59,885 3,900 107,057
Disposals (36,113 ) - (36,113 )
At 31 January 2025 329,438 41,708 900,587
DEPRECIATION
At 1 February 2024 179,402 30,387 483,820
Charge for year 42,174 3,523 78,854
Eliminated on disposal (29,158 ) - (29,158 )
At 31 January 2025 192,418 33,910 533,516
NET BOOK VALUE
At 31 January 2025 137,020 7,798 367,071
At 31 January 2024 126,264 7,421 345,823

D. HUGHES WELDING & FABRICATION LIMITED (REGISTERED NUMBER: 06478694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

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 1 February 2024
and 31 January 2025 79,458
DEPRECIATION
At 1 February 2024 24,897
Charge for year 13,640
At 31 January 2025 38,537
NET BOOK VALUE
At 31 January 2025 40,921
At 31 January 2024 54,561

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 266,369 371,892
Other debtors 23,084 11,949
289,453 383,841

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 16,805 16,805
Trade creditors 89,857 183,741
Taxation and social security 63,882 87,211
Other creditors 100,425 195,303
270,969 483,060

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts 12,562 29,367
Other creditors 10,677 12,561
23,239 41,928