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REGISTERED NUMBER: 04513369 (England and Wales)
















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Grantham Welding Limited

Grantham Welding Limited (Registered number: 04513369)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Grantham Welding Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: D P Bayliss
Mrs M L Bayliss





REGISTERED OFFICE: Unit 2 DeSalis Drive
Hampton Lovett Ind Est
Droitwich Spa
Worcestershire
WR9 0QE





REGISTERED NUMBER: 04513369 (England and Wales)





ACCOUNTANTS: Boyds Accountants
Britannia Court
5 Moor Street
Worcester
Worcestershire
WR1 3DB

Grantham Welding Limited (Registered number: 04513369)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,986 11,166

CURRENT ASSETS
Stocks 18,744 11,203
Debtors 5 231,798 140,130
Cash at bank 118,879 177,670
369,421 329,003
CREDITORS
Amounts falling due within one year 6 146,685 143,309
NET CURRENT ASSETS 222,736 185,694
TOTAL ASSETS LESS CURRENT
LIABILITIES

254,722

196,860

PROVISIONS FOR LIABILITIES 7,085 2,369
NET ASSETS 247,637 194,491

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 7 247,629 194,483
SHAREHOLDERS' FUNDS 247,637 194,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Grantham Welding Limited (Registered number: 04513369)

Balance Sheet - continued
30 September 2024


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 26 June 2025 and were signed on its behalf by:





D P Bayliss - Director


Grantham Welding Limited (Registered number: 04513369)

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

1. STATUTORY INFORMATION

Grantham Welding 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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.

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 4 (2023 - 2 ) .

Grantham Welding Limited (Registered number: 04513369)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 35,320 7,361 48,093 3,419 94,193
Additions 35,184 - - - 35,184
At 30 September 2024 70,504 7,361 48,093 3,419 129,377
DEPRECIATION
At 1 October 2023 32,186 7,081 41,193 2,567 83,027
Charge for year 9,583 93 4,180 508 14,364
At 30 September 2024 41,769 7,174 45,373 3,075 97,391
NET BOOK VALUE
At 30 September 2024 28,735 187 2,720 344 31,986
At 30 September 2023 3,134 280 6,900 852 11,166

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 227,171 135,655
Prepayments 4,627 4,475
231,798 140,130

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 80,045 76,689
Tax 19,070 36,202
Social security and other taxes 3,649 1,841
VAT 21,330 17,071
Directors' current accounts 20,005 8,993
Accrued expenses 2,586 2,513
146,685 143,309

7. RESERVES
Retained
earnings
£   

At 1 October 2023 194,483
Profit for the year 83,146
Dividends (30,000 )
At 30 September 2024 247,629