REGISTERED NUMBER: 03011867 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LITTLEHAMPTON WELDING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N E Fry

N K Saunders

REGISTERED OFFICE:

Riverside Works

Riverside Industrial Estate

Littlehampton

West Sussex

BN17 5DF

REGISTERED NUMBER:

03011867 (England and Wales)

ACCOUNTANTS:

Lewis Brownlee (Chichester) Limited

Chartered Accountants

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

FIXED ASSETS

Tangible assets

4

56,867

26,603

CURRENT ASSETS

Debtors: amounts falling due within one year

5

4,344,192

4,249,818

Debtors: amounts falling due after more than one year

5

432,579

452,045

Cash at bank

216,976

119,912

4,993,747

4,821,775

CREDITORS

Amounts falling due within one year

6

1,120,617

1,137,058

NET CURRENT ASSETS

3,873,130

3,684,717

TOTAL ASSETS LESS CURRENT LIABILITIES

3,929,997

3,711,320

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

3,929,995

3,711,318

3,929,997

3,711,320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

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 15 September 2025 and were signed on its behalf by:

N E Fry - Director

1.	STATUTORY INFORMATION

Littlehampton Welding Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office can be found on the Company Information page.

The presentational currency of the financial statements is Pound Sterling (£) which is rounded to the nearest Pound (£).

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.

Going concern

At the time of approving the financial statements, the directors have reviewed current trading conditions, their future order book as well as financial headroom. Based on this, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises turnover when:

- the amount of revenue can be reliably measured;

- it is probable that future economic benefits will flow to the entity; and

- specific criteria have been met for each of the company's activities.

Turnover from contracts for the provision of goods and services is recognised when the outcome of a contract can be measured reliably, the entity will recognise both the income and costs (excluding non-productive costs) by reference to the percentage of completion of the contract. Turnover is calculated as that proportion of the total contract value which costs to date bear to total costs for that contract. Full provision is made for any foreseeable losses.

Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold property 6.66% and 25% on cost

Plant and machinery 25% on cost

Fixtures and fittings 25% on cost

Motor vehicles 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss .

Financial instruments

Financial instruments are classified by the director as basic or advanced following the conditions in FRS102 section 1A. Basic financial instruments are recognised at amortised cost using effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

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.

Leasing commitments

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

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.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and and expense. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 (2023 - 59 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

43,427

1,581,363

1,624,790

Additions

25,710

16,186

41,896

At 31 December 2024

69,137

1,597,549

1,666,686

DEPRECIATION

At 1 January 2024

43,427

1,554,760

1,598,187

Charge for year

1,092

10,540

11,632

At 31 December 2024

44,519

1,565,300

1,609,819

NET BOOK VALUE

At 31 December 2024

24,618

32,249

56,867

At 31 December 2023

-

26,603

26,603

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

2,280,598

2,611,379

Amounts owed by group undertakings

1,759,340

1,356,069

Other debtors

304,254

282,370

4,344,192

4,249,818

Amounts falling due after more than one year:

Other debtors

432,579

452,045

Aggregate amounts

4,776,771

4,701,863

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

932,194

672,322

Amounts owed to group undertakings

998

230,442

Taxation and social security

108,203

112,656

Other creditors

79,222

121,638

1,120,617

1,137,058

7.	SECURED DEBTS

Bank loans and overdrafts are secured by a fixed and floating charge over the assets of the company.

8.	DEFERRED TAX

£

Balance at 1 January 2024

(452,045

)

Provided during year

19,466

Balance at 31 December 2024

(432,579

)

9.	OTHER FINANCIAL COMMITMENTS

At the reporting date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £660,000 (2023: £825,000).