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REGISTERED NUMBER: 01653313 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 August 2024

for

Welded Presswork (1982) Limited

Welded Presswork (1982) Limited (Registered number: 01653313)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Welded Presswork (1982) Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: R Jeavons
D Eaglesfield
Mrs D Proffitt





SECRETARY: Mrs D Proffitt





REGISTERED OFFICE: Stafford Road
Darlaston
Wednesbury
West Midlands
WS10 8SZ





REGISTERED NUMBER: 01653313 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Welded Presswork (1982) Limited (Registered number: 01653313)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 394,792 330,660

CURRENT ASSETS
Stocks 140,000 216,900
Debtors 5 1,013,598 1,014,141
Cash at bank and in hand 861,260 783,229
2,014,858 2,014,270
CREDITORS
Amounts falling due within one year 6 1,341,709 1,501,883
NET CURRENT ASSETS 673,149 512,387
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,067,941

843,047

PROVISIONS FOR LIABILITIES 47,224 27,020
NET ASSETS 1,020,717 816,027

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,020,617 815,927
SHAREHOLDERS' FUNDS 1,020,717 816,027

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 28 May 2025 and were signed on its behalf by:





R Jeavons - Director


Welded Presswork (1982) Limited (Registered number: 01653313)

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

1. STATUTORY INFORMATION

Welded Presswork (1982) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance

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.

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.

Welded Presswork (1982) Limited (Registered number: 01653313)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2023 - 48 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 September 2023 139,526 180,902 69,841 218,832 609,101
Additions - 105,998 7,008 96,495 209,501
Disposals - - - (110,605 ) (110,605 )
At 31 August 2024 139,526 286,900 76,849 204,722 707,997
DEPRECIATION
At 1 September 2023 30,907 94,393 27,876 125,265 278,441
Charge for year 2,791 28,876 4,901 20,317 56,885
Eliminated on disposal - - - (22,121 ) (22,121 )
At 31 August 2024 33,698 123,269 32,777 123,461 313,205
NET BOOK VALUE
At 31 August 2024 105,828 163,631 44,072 81,261 394,792
At 31 August 2023 108,619 86,509 41,965 93,567 330,660

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 721,069 742,601
Amounts owed by group undertakings 243,282 225,844
Other debtors 49,247 45,696
1,013,598 1,014,141

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 159,437 297,185
Amounts owed to group undertakings 998,014 998,014
Taxation and social security 148,807 183,689
Other creditors 35,451 22,995
1,341,709 1,501,883

7. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £9,137 (2023 £16,446).