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REGISTERED NUMBER: 04690376 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

WELHAM SURFACING LIMITED

WELHAM SURFACING LIMITED (REGISTERED NUMBER: 04690376)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WELHAM SURFACING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mr M A Welham
Mr S J Welham





SECRETARY: Mr S J Welham





REGISTERED OFFICE: Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY





REGISTERED NUMBER: 04690376 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

WELHAM SURFACING LIMITED (REGISTERED NUMBER: 04690376)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 342,338 407,903

CURRENT ASSETS
Stock 5 6,400 1,520
Debtors 6 546,000 767,708
Cash at bank and in hand 101,788 133,191
654,188 902,419
CREDITORS
Amounts falling due within one year 7 449,107 771,753
NET CURRENT ASSETS 205,081 130,666
TOTAL ASSETS LESS CURRENT
LIABILITIES

547,419

538,569

CREDITORS
Amounts falling due after more than one
year

8

(36,964

)

(41,642

)

PROVISIONS FOR LIABILITIES (85,585 ) (101,976 )
NET ASSETS 424,870 394,951

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 424,868 394,949
SHAREHOLDERS' FUNDS 424,870 394,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

WELHAM SURFACING LIMITED (REGISTERED NUMBER: 04690376)

BALANCE SHEET - continued
31 MARCH 2025


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 28 July 2025 and were signed on its behalf by:





Mr M A Welham - Director


WELHAM SURFACING LIMITED (REGISTERED NUMBER: 04690376)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Welham Surfacing 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
Income 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & equipment - 25% on reducing balance
Office equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stock
Stock is 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

WELHAM SURFACING LIMITED (REGISTERED NUMBER: 04690376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

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 12 (2024 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant & Office Motor
equipment equipment vehicles Totals
£    £    £    £   
COST
At 1 April 2024 372,832 12,133 442,062 827,027
Additions 523 1,183 90,209 91,915
Disposals (3,950 ) (566 ) (113,258 ) (117,774 )
At 31 March 2025 369,405 12,750 419,013 801,168
DEPRECIATION
At 1 April 2024 208,557 7,757 202,810 419,124
Charge for year 25,377 1,235 52,638 79,250
Eliminated on disposal 12,083 (502 ) (51,125 ) (39,544 )
At 31 March 2025 246,017 8,490 204,323 458,830
NET BOOK VALUE
At 31 March 2025 123,388 4,260 214,690 342,338
At 31 March 2024 164,275 4,376 239,252 407,903

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant & Motor
equipment vehicles Totals
£    £    £   
COST
At 1 April 2024 244,950 183,997 428,947
Additions - 66,855 66,855
Disposals - (64,568 ) (64,568 )
Transfer to ownership (205,000 ) - (205,000 )
At 31 March 2025 39,950 186,284 226,234
DEPRECIATION
At 1 April 2024 128,915 69,444 198,359
Charge for year 29,009 28,104 57,113
Eliminated on disposal - (29,006 ) (29,006 )
Transfer to ownership (144,191 ) - (144,191 )
At 31 March 2025 13,733 68,542 82,275
NET BOOK VALUE
At 31 March 2025 26,217 117,742 143,959
At 31 March 2024 116,035 114,553 230,588

WELHAM SURFACING LIMITED (REGISTERED NUMBER: 04690376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. STOCK
2025 2024
£    £   
Stock 6,400 1,520

6. DEBTORS
2025 2024
£    £   
Amounts falling due within one year:
Trade debtors 421,214 735,134
Other debtors 76,444 4,804
Directors' loan accounts 6,940 4,692
Prepayments 17,308 15,673
521,906 760,303

Amounts falling due after more than one year:
Directors' loan accounts 24,094 7,405

Aggregate amounts 546,000 767,708

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 39,678 68,522
Trade creditors 247,637 414,071
Corporation tax 88,158 66,229
Social security & other taxes 9,238 10,459
VAT 6,580 23,606
Other creditors 46,034 2,066
Directors' loan accounts - 2
Deferred income - 175,992
Accruals 11,782 10,806
449,107 771,753

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts 36,964 41,642

WELHAM SURFACING LIMITED (REGISTERED NUMBER: 04690376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
Mr M A Welham
Balance outstanding at start of year 12,097 (203 )
Amounts advanced 11,360 12,300
Amounts repaid (8,242 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,215 12,097

Mr S J Welham
Balance outstanding at start of year - -
Amounts advanced 15,819 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,819 -