WELZH WERKZEUG LIMITED

Company Registration Number:
SC403220 (Scotland)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

WELZH WERKZEUG LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

WELZH WERKZEUG LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 1,136,244 963,762
Total fixed assets: 1,136,244 963,762
Current assets
Stocks: 1,416,116 1,528,406
Debtors: 4 883,196 924,351
Cash at bank and in hand: 2,316,510 1,742,059
Total current assets: 4,615,822 4,194,816
Creditors: amounts falling due within one year: 5 (891,415) (1,172,932)
Net current assets (liabilities): 3,724,407 3,021,884
Total assets less current liabilities: 4,860,651 3,985,646
Creditors: amounts falling due after more than one year: 6 (4,661) (18,399)
Provision for liabilities: (62,015) (31,696)
Total net assets (liabilities): 4,793,975 3,935,551
Capital and reserves
Called up share capital: 200 200
Profit and loss account: 4,793,775 3,935,351
Shareholders funds: 4,793,975 3,935,551

The notes form part of these financial statements

WELZH WERKZEUG LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 September 2025
and signed on behalf of the board by:

Name: T WELCH
Status: Director

The notes form part of these financial statements

WELZH WERKZEUG LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value ofthe considerationreceived or receivable , excluding discounts, rebates value added tax and other sales taxes

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life Plant & machinery etc -25% on reducing balance

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value

Other accounting policies

Deferred tax is recognised in respect of all timing differencesthat have originated but not reversed at the Balance Sheet date

WELZH WERKZEUG LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 15 11

WELZH WERKZEUG LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 1,143,397
Additions 280,596
At 31 December 2024 1,423,993
Depreciation
At 01 January 2024 179,635
Charge for year 108,114
At 31 December 2024 287,749
Net book value
At 31 December 2024 1,136,244
At 31 December 2023 963,762

WELZH WERKZEUG LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

WELZH WERKZEUG LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

Amount due of £891,415 is made up as follows : Trade Creditors £358562 Taxation & social security £532727 Other creditors £126

WELZH WERKZEUG LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due after more than one year note

Amount due of £4,661 is made up as follows Bank loans £4349 Other Creditors £312

WELZH WERKZEUG LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Loans to directors

Name of director receiving advance or credit: T WELCH
Description of the loan: Advance
£
Balance at 01 January 2024 102,966
Advances or credits made: 79,254
Advances or credits repaid: 102,966
Balance at 31 December 2024 79,254

The advances to the director are interest bearing and are repayable on demand