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REGISTERED NUMBER: 04217426 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Code A Weld Holdings Limited

Code A Weld Holdings Limited (Registered number: 04217426)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Code A Weld Holdings Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: A Gould
C Slocombe
S Abbs
B Fardaghaie





REGISTERED OFFICE: Unit 1&2 Fourth Avenue
Midsomer Norton
Radstock
BA3 4XE





REGISTERED NUMBER: 04217426 (England and Wales)

Code A Weld Holdings Limited (Registered number: 04217426)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 806,273 654,529
Investments 6 102 102
806,375 654,631

CURRENT ASSETS
Debtors 7 1,143,696 987,713
Cash at bank and in hand 813,140 298,426
1,956,836 1,286,139
CREDITORS
Amounts falling due within one year 8 805,884 713,960
NET CURRENT ASSETS 1,150,952 572,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,957,327

1,226,810

PROVISIONS FOR LIABILITIES 9,785 18,275
NET ASSETS 1,947,542 1,208,535

CAPITAL AND RESERVES
Called up share capital 10 12 12
Retained earnings 1,947,530 1,208,523
SHAREHOLDERS' FUNDS 1,947,542 1,208,535

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:





A Gould - Director


Code A Weld Holdings Limited (Registered number: 04217426)

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

1. STATUTORY INFORMATION

Code A Weld Holdings 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.

The company's functional and presentation currency is pounds sterling.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill recognised as a result of the acquisition of a business is fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Code A Weld Holdings Limited (Registered number: 04217426)

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

2. ACCOUNTING POLICIES - continued

Leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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 39 (2023 - 35 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 9,996
AMORTISATION
At 1 January 2024
and 31 December 2024 9,996
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

Code A Weld Holdings Limited (Registered number: 04217426)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 105,109 426,899 121,320 588,410 1,241,738
Additions 23,604 54,511 10,322 278,705 367,142
Disposals (308 ) (19,971 ) (26,152 ) (34,074 ) (80,505 )
At 31 December 2024 128,405 461,439 105,490 833,041 1,528,375
DEPRECIATION
At 1 January 2024 62,930 289,573 77,597 157,109 587,209
Charge for year 11,693 45,288 11,780 133,647 202,408
Eliminated on disposal (172 ) (18,819 ) (23,630 ) (24,894 ) (67,515 )
At 31 December 2024 74,451 316,042 65,747 265,862 722,102
NET BOOK VALUE
At 31 December 2024 53,954 145,397 39,743 567,179 806,273
At 31 December 2023 42,179 137,326 43,723 431,301 654,529

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 102
NET BOOK VALUE
At 31 December 2024 102
At 31 December 2023 102

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 642,036 606,329
Amounts owed by group undertakings 457,988 337,346
Other debtors 6,820 9,699
Directors' current accounts 225 -
Prepayments 36,627 34,339
1,143,696 987,713

Code A Weld Holdings Limited (Registered number: 04217426)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 89,681 78,015
Amounts owed to group undertakings 343,334 360,540
Tax (16,294 ) (33,378 )
Social security and other taxes 31,941 31,998
VAT 135,124 124,823
Other creditors 162,701 105,292
Accrued expenses 59,397 46,670
805,884 713,960

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 39,446 39,574
Between one and five years 87,563 124,615
127,009 164,189

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
12 Ordinary 1 12 12

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Botham (Senior Statutory Auditor)
for and on behalf of Botham Accounting Limited

12. CONTINGENT LIABILITIES

As at 31 December 2024, the total liabilities of other group members secured by a fixed and floating charge over the assets of the company was £0 (2023 - £686,315,118).

13. ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Code A Weld Group Limited, a company incorporated in the England and Wales. Copies of the parent company's financial statements can be obtained from Companies House.

The ultimate parent undertaking and controlling party is TIC Holdco Limited, a company registered in England and Wales. The consolidated accounts of TIC Holdco Limited, in which the company is included, are available to the public and may be obtained from Companies House. The directors are of the opinion that Peter Dubens is qualified as the ultimate controlling party of TIC Holdco Limited exercising his control through voting rights with a controlling percentage of >50%.