Welding World Ltd 08529731 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is marketing the welding industry. Digita Accounts Production Advanced 6.30.9574.0 true 08529731 2023-10-01 2024-09-30 08529731 2024-09-30 08529731 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-09-30 08529731 core:CapitalRedemptionReserve 2024-09-30 08529731 core:RetainedEarningsAccumulatedLosses 2024-09-30 08529731 core:ShareCapital 2024-09-30 08529731 core:CurrentFinancialInstruments 2024-09-30 08529731 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 08529731 core:FurnitureFittings 2024-09-30 08529731 bus:SmallEntities 2023-10-01 2024-09-30 08529731 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 08529731 bus:FilletedAccounts 2023-10-01 2024-09-30 08529731 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 08529731 bus:RegisteredOffice 2023-10-01 2024-09-30 08529731 bus:CompanySecretaryDirector1 2023-10-01 2024-09-30 08529731 bus:Director2 2023-10-01 2024-09-30 08529731 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-10-01 2024-09-30 08529731 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08529731 bus:Agent1 2023-10-01 2024-09-30 08529731 core:PatentsTrademarksLicencesConcessionsSimilar 2023-10-01 2024-09-30 08529731 core:FurnitureFittings 2023-10-01 2024-09-30 08529731 countries:England 2023-10-01 2024-09-30 08529731 2023-09-30 08529731 core:FurnitureFittings 2023-09-30 08529731 2022-10-01 2023-09-30 08529731 2023-09-30 08529731 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-09-30 08529731 core:CapitalRedemptionReserve 2023-09-30 08529731 core:RetainedEarningsAccumulatedLosses 2023-09-30 08529731 core:ShareCapital 2023-09-30 08529731 core:CurrentFinancialInstruments 2023-09-30 08529731 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08529731

Welding World Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 September 2024

 

Welding World Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Welding World Ltd

Company Information

Directors

Mr Lee Kevin Darton

Mr David Peter Ellwood

Company secretary

Mr David Peter Ellwood

Registered office

5 Parsons Street
Dudley
West Midlands
DY1 1JJ

Accountants

Walker Hubble 5 Parsons Street
Dudley
West Midlands
DY1 1JJ

 

Welding World Ltd

(Registration number: 08529731)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

620

700

Current assets

 

Debtors

12,988

12,069

Cash at bank and in hand

 

18,774

33,045

 

31,762

45,114

Prepayments and accrued income

 

263

221

Creditors: Amounts falling due within one year

(29,477)

(7,961)

Net current assets

 

2,548

37,374

Total assets less current liabilities

 

3,168

38,074

Accruals and deferred income

 

(540)

(34,700)

Net assets

 

2,628

3,374

Capital and reserves

 

Called up share capital

6

2

2

Capital redemption reserve

1

1

Retained earnings

2,625

3,371

Shareholders' funds

 

2,628

3,374

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

Welding World Ltd

(Registration number: 08529731)
Abridged Balance Sheet as at 30 September 2024 (continued)

Approved and authorised by the Board on 13 June 2025 and signed on its behalf by:
 

.........................................
Mr Lee Kevin Darton
Director

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Welding World Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
5 Parsons Street
Dudley
West Midlands
DY1 1JJ
England

These financial statements were authorised for issue by the Board on 13 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Welding World Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% straight line

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Trademarks

write off the cost in equal annual instalments over their estimated useful life of 10 years.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Welding World Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Welding World Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024 (continued)

4

Intangible assets

Total
£

Cost or valuation

At 1 October 2023

15,800

At 30 September 2024

15,800

Amortisation

At 1 October 2023

15,100

Amortisation charge

80

At 30 September 2024

15,180

Carrying amount

At 30 September 2024

620

At 30 September 2023

700

5

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 October 2023

8,820

8,820

At 30 September 2024

8,820

8,820

Depreciation

At 1 October 2023

8,820

8,820

At 30 September 2024

8,820

8,820

Carrying amount

At 30 September 2024

-

-

 

Welding World Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024 (continued)

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

2

2

2

2