Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 06382429 Mr P W Paynter Mr P W Paynter Mr P W Paynter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06382429 2023-09-30 06382429 2024-09-30 06382429 2023-10-01 2024-09-30 06382429 frs-core:CurrentFinancialInstruments 2024-09-30 06382429 frs-core:Non-currentFinancialInstruments 2024-09-30 06382429 frs-core:MotorVehicles 2024-09-30 06382429 frs-core:MotorVehicles 2023-10-01 2024-09-30 06382429 frs-core:MotorVehicles 2023-09-30 06382429 frs-core:PlantMachinery 2024-09-30 06382429 frs-core:PlantMachinery 2023-10-01 2024-09-30 06382429 frs-core:PlantMachinery 2023-09-30 06382429 frs-core:ShareCapital 2024-09-30 06382429 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 06382429 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06382429 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 06382429 frs-bus:SmallEntities 2023-10-01 2024-09-30 06382429 frs-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 06382429 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 06382429 frs-bus:Director1 2023-10-01 2024-09-30 06382429 frs-bus:Director1 2023-09-30 06382429 frs-bus:Director1 2024-09-30 06382429 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 06382429 frs-bus:CompanySecretary2 2023-10-01 2024-09-30 06382429 frs-countries:EnglandWales 2023-10-01 2024-09-30 06382429 2022-09-30 06382429 2023-09-30 06382429 2022-10-01 2023-09-30 06382429 frs-core:CurrentFinancialInstruments 2023-09-30 06382429 frs-core:Non-currentFinancialInstruments 2023-09-30 06382429 frs-core:ShareCapital 2023-09-30 06382429 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 06382429
Weldserv UK Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Robert Cole & Co
Chartered Certified Accountants
Office 2 Llynfi Enterprise Centre
Heol Ty Gwyn Industrial Estate
Maesteg
CF34 0BQ
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Weldserv UK Ltd For The Year Ended 30 September 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Weldserv UK Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Weldserv UK Ltd , as a body, in accordance with the terms of our engagement letter dated 12 October 2007. Our work has been undertaken solely to prepare for your approval the accounts of Weldserv UK Ltd and state those matters that we have agreed to state to the director of Weldserv UK Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://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 Weldserv UK Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Weldserv UK Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Weldserv UK Ltd . You consider that Weldserv UK Ltd 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 accounts of Weldserv UK Ltd . 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 financial statements.
24 June 2025
Robert Cole & Co
Chartered Certified Accountants
Office 2 Llynfi Enterprise Centre
Heol Ty Gwyn Industrial Estate
Maesteg
CF34 0BQ
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Page 2
Balance Sheet
Registered number: 06382429
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,100 11,049
9,100 11,049
CURRENT ASSETS
Stocks 4,000 4,000
Debtors 5 92,736 86,365
Cash at bank and in hand 13,855 6,431
110,591 96,796
Creditors: Amounts Falling Due Within One Year 6 (71,459 ) (64,965 )
NET CURRENT ASSETS (LIABILITIES) 39,132 31,831
TOTAL ASSETS LESS CURRENT LIABILITIES 48,232 42,880
Creditors: Amounts Falling Due After More Than One Year 7 (8,010 ) (18,412 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,729 ) (2,099 )
NET ASSETS 38,493 22,369
CAPITAL AND RESERVES
Allotted, called up and fully paid share capital 10 10
Profit and Loss Account 38,483 22,359
SHAREHOLDERS' FUNDS 38,493 22,369
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For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P W Paynter
Director
24 June 2025
The notes on pages 4 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Weldserv UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06382429 . The registered office is Unit 2 Heol Ty Gwyn Industrial Estate, Maesteg, Bridgend, CF34 0BQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are presented in Sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Significant judgements and estimations
The significant accounting policies applied in the application of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
No significant judgements have had to be made by the director in preparing these financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Motor Vehicles 15% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Financial Instruments
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.10. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 October 2023 6,651 12,995 19,646
As at 30 September 2024 6,651 12,995 19,646
Depreciation
As at 1 October 2023 6,648 1,949 8,597
Provided during the period - 1,949 1,949
As at 30 September 2024 6,648 3,898 10,546
Net Book Value
As at 30 September 2024 3 9,097 9,100
As at 1 October 2023 3 11,046 11,049
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 51,393 42,462
Other debtors 41,343 43,903
92,736 86,365
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,044 3,830
Trade creditors 34,179 32,956
Bank loans and overdrafts 8,164 9,018
Corporation tax 12,982 8,794
Other taxes and social security 10,927 9,204
Other creditors 1,163 1,163
71,459 64,965
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,159 7,203
Bank loans 4,851 11,209
8,010 18,412
8. Directors Advances, Credits and Guarantees
Included within Other debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Phillip Paynter 31,682 14,625 (14,625 ) - 31,682
The above loan is unsecured, interest free and repayable on demand.
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