IRIS Accounts Production v25.1.0.734 02650197 director 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh026501972023-10-31026501972024-10-31026501972023-11-012024-10-31026501972022-10-31026501972022-11-012023-10-31026501972023-10-3102650197ns15:EnglandWales2023-11-012024-10-3102650197ns14:PoundSterling2023-11-012024-10-3102650197ns10:Director12023-11-012024-10-3102650197ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3102650197ns10:SmallEntities2023-11-012024-10-3102650197ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3102650197ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3102650197ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3102650197ns10:FullAccounts2023-11-012024-10-3102650197ns10:CompanySecretary12023-11-012024-10-3102650197ns10:RegisteredOffice2023-11-012024-10-3102650197ns5:CurrentFinancialInstruments2024-10-3102650197ns5:CurrentFinancialInstruments2023-10-3102650197ns5:ShareCapital2024-10-3102650197ns5:ShareCapital2023-10-3102650197ns5:FurtherSpecificReserve3ComponentTotalEquity2024-10-3102650197ns5:FurtherSpecificReserve3ComponentTotalEquity2023-10-3102650197ns5:RetainedEarningsAccumulatedLosses2024-10-3102650197ns5:RetainedEarningsAccumulatedLosses2023-10-3102650197ns5:PlantMachinery2023-11-012024-10-3102650197ns5:FurnitureFittings2023-11-012024-10-3102650197ns5:MotorVehicles2023-11-012024-10-3102650197ns5:LandBuildings2023-10-3102650197ns5:PlantMachinery2023-10-3102650197ns5:FurnitureFittings2023-10-3102650197ns5:MotorVehicles2023-10-3102650197ns5:LandBuildings2023-11-012024-10-3102650197ns5:LandBuildings2024-10-3102650197ns5:PlantMachinery2024-10-3102650197ns5:FurnitureFittings2024-10-3102650197ns5:MotorVehicles2024-10-3102650197ns5:LandBuildings2023-10-3102650197ns5:PlantMachinery2023-10-3102650197ns5:FurnitureFittings2023-10-3102650197ns5:MotorVehicles2023-10-3102650197ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3102650197ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3102650197ns5:FurtherSpecificReserve3ComponentTotalEquity2023-10-3102650197ns10:Director22023-11-012024-10-3102650197ns10:Director222023-10-3102650197ns10:Director222022-10-3102650197ns10:Director222023-11-012024-10-3102650197ns10:Director222022-11-012023-10-3102650197ns10:Director222024-10-3102650197ns10:Director222023-10-31
REGISTERED NUMBER: 02650197 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Weld-fab Stage Engineering Limited

Weld-fab Stage Engineering Limited (Registered number: 02650197)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Weld-fab Stage Engineering Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: C B Skipp





SECRETARY: B T Skipp





REGISTERED OFFICE: Unit 4B
Boldero Road
Bury St Edmunds
Suffolk
IP32 7BS





REGISTERED NUMBER: 02650197 (England and Wales)





ACCOUNTANTS: Sarah Place Accountants Ltd
Unit 4b
Boldero Road
Bury St Edmunds
Suffolk
IP32 7BS

Weld-fab Stage Engineering Limited (Registered number: 02650197)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 766,790 769,038

CURRENT ASSETS
Debtors 5 2,588 3,154
Cash at bank 147,814 197,603
150,402 200,757
CREDITORS
Amounts falling due within one year 6 43,023 44,768
NET CURRENT ASSETS 107,379 155,989
TOTAL ASSETS LESS CURRENT
LIABILITIES

874,169

925,027

PROVISIONS FOR LIABILITIES 62,466 60,189
NET ASSETS 811,703 864,838

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 7 506,639 506,639
Retained earnings 304,064 357,199
SHAREHOLDERS' FUNDS 811,703 864,838

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 director acknowledges his 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 director and authorised for issue on 23 April 2025 and were signed by:



C B Skipp - Director


Weld-fab Stage Engineering Limited (Registered number: 02650197)

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

1. STATUTORY INFORMATION

Weld-fab Stage Engineering 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 as modified by the revaluation of certain assets.

Turnover
Revenue 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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Weld-fab Stage Engineering Limited (Registered number: 02650197)

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 November 2023 750,000 92,507 15,933 72,373 930,813
Additions - - - 2,887 2,887
At 31 October 2024 750,000 92,507 15,933 75,260 933,700
DEPRECIATION
At 1 November 2023 - 92,507 15,933 53,335 161,775
Charge for year - - - 5,135 5,135
At 31 October 2024 - 92,507 15,933 58,470 166,910
NET BOOK VALUE
At 31 October 2024 750,000 - - 16,790 766,790
At 31 October 2023 750,000 - - 19,038 769,038

Cost or valuation at 31 October 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2017 506,639 - - - 506,639
Cost 243,361 92,507 15,933 75,260 427,061
750,000 92,507 15,933 75,260 933,700

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 1,000 690
Other debtors - 436
VAT - 277
Prepayments and accrued income 1,588 1,751
2,588 3,154

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Loan accounts 18,726 -
Trade creditors 1,777 16,104
Social security and other taxes 226 1,862
Other creditors 20,000 226
Directors' current accounts - 24,551
Accrued expenses 2,294 2,025
43,023 44,768

Weld-fab Stage Engineering Limited (Registered number: 02650197)

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

7. RESERVES
Fair
value
reserve
£   
At 1 November 2023
and 31 October 2024 506,639

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.10.24 31.10.23
£    £   
B T Skipp
Balance outstanding at start of year (24,552 ) (26,159 )
Amounts advanced 27,612 2,013
Amounts repaid (3,060 ) (406 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (24,552 )