Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-316trueNo description of principal activity2024-03-01falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC797529 2024-02-29 SC797529 2024-03-01 2025-03-31 SC797529 2023-04-01 2024-02-29 SC797529 2025-03-31 SC797529 c:Director1 2024-03-01 2025-03-31 SC797529 c:Director1 2025-03-31 SC797529 c:Director2 2024-03-01 2025-03-31 SC797529 c:Director2 2025-03-31 SC797529 c:RegisteredOffice 2024-03-01 2025-03-31 SC797529 d:PlantMachinery 2024-03-01 2025-03-31 SC797529 d:PlantMachinery 2025-03-31 SC797529 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-03-01 2025-03-31 SC797529 d:MotorVehicles 2024-03-01 2025-03-31 SC797529 d:MotorVehicles 2025-03-31 SC797529 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-03-01 2025-03-31 SC797529 d:OfficeEquipment 2024-03-01 2025-03-31 SC797529 d:OfficeEquipment 2025-03-31 SC797529 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-03-31 SC797529 d:OwnedOrFreeholdAssets 2024-03-01 2025-03-31 SC797529 d:CurrentFinancialInstruments 2025-03-31 SC797529 d:Non-currentFinancialInstruments 2025-03-31 SC797529 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 SC797529 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 SC797529 d:ShareCapital 2025-03-31 SC797529 d:RetainedEarningsAccumulatedLosses 2025-03-31 SC797529 c:OrdinaryShareClass1 2024-03-01 2025-03-31 SC797529 c:OrdinaryShareClass1 2025-03-31 SC797529 c:FRS102 2024-03-01 2025-03-31 SC797529 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-03-31 SC797529 c:FullAccounts 2024-03-01 2025-03-31 SC797529 c:PrivateLimitedCompanyLtd 2024-03-01 2025-03-31 SC797529 2 2024-03-01 2025-03-31 SC797529 e:PoundSterling 2024-03-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC797529










G WELDING LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

 
G WELDING LIMITED
 

COMPANY INFORMATION


Directors
M Gillespie (appointed 2 February 2024)
H Gillespie (appointed 2 February 2024)




Registered number
SC797529



Registered office
2 Riverside Grove
Lochyside

Fort William

PH33 7RD




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
G WELDING LIMITED
REGISTERED NUMBER: SC797529

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
Note
£

Fixed assets
  

Tangible assets
 4 
71,664

  
71,664

Current assets
  

Stocks
  
10,183

Debtors: amounts falling due within one year
 5 
57,102

Cash at bank and in hand
  
28,156

  
95,441

Creditors: amounts falling due within one year
 6 
(85,893)

Net current assets
  
 
 
9,548

Total assets less current liabilities
  
81,212

Creditors: amounts falling due after more than one year
 7 
(45,369)

Provisions for liabilities
  

Deferred tax
  
(13,463)

  
 
 
(13,463)

Net assets
  
22,380


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
22,280

  
22,380


Page 1

 
G WELDING LIMITED
REGISTERED NUMBER: SC797529

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 August 2025.




M Gillespie
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
G WELDING LIMITED
 

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

1.


General information

G Welding Limited is a private company, limited by shares, incorporated in Scotland with registration number SC797529. The registered office is 2 Riverside Grove, Lochyside, Fort William, Scotland, PH33 7RD. The trading address is Unit 35B Ben Nevis Industrial Estate, Fort William, PH33 6PR.
The Company's functional and presentational currency is GBP

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
G WELDING LIMITED
 

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

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
G WELDING LIMITED
 

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

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
reducing balance
Motor vehicles
-
25%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
G WELDING LIMITED
 

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

3.


Employees




The average monthly number of employees, including directors, during the period was 6.


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


Additions
20,433
77,230
694
98,357


Disposals
-
(7,153)
-
(7,153)



At 31 March 2025

20,433
70,077
694
91,204



Depreciation


Charge for the period on owned assets
3,321
16,060
159
19,540



At 31 March 2025

3,321
16,060
159
19,540



Net book value



At 31 March 2025
17,112
54,017
535
71,664


5.


Debtors

2025
£


Trade debtors
2,801

Amounts owed by group undertakings
31,040

Other debtors
23,261

57,102


Page 6

 
G WELDING LIMITED
 

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

6.


Creditors: Amounts falling due within one year

2025
£

Trade creditors
13,063

Other taxation and social security
34,095

Obligations under finance lease and hire purchase contracts
15,811

Other creditors
966

Accruals and deferred income
21,958

85,893



7.


Creditors: Amounts falling due after more than one year

2025
£

Net obligations under finance leases and hire purchase contracts
45,369

45,369



8.


Share capital

2025
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


The company was incorporated on 2 February 2024 with 100 Ordinary £1 shares issued at par value.


9.


Transactions with directors

Included within other debtors is an amount owed to the company from the directors amounting to £17,834. Interest has been charged on the loan at 2.25% on overdrawn balances for the whole year and the loan was fully repaid within 9 months of the year end.


Page 7