South West Welding Supplies Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 05553373

		31 March 2025		30 September 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		739,744		592,411

			739,744		592,411
CURRENT ASSETS
Debtors	6	580,787		388,457
Cash at bank and in hand		759,984		217,074

		1,340,771		605,531
Creditors: Amounts Falling Due Within One Year	7	(556,319 )		(186,635 )

NET CURRENT ASSETS (LIABILITIES)			784,452		418,896

TOTAL ASSETS LESS CURRENT LIABILITIES			1,524,196		1,011,307

Creditors: Amounts Falling Due After More Than One Year	8		-		(249,132 )

NET ASSETS			1,524,196		762,175

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			1,524,194		762,173

SHAREHOLDERS' FUNDS			1,524,196		762,175

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South West Welding Supplies Ltd

Balance Sheet (continued)

As At 31 March 2025

For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ruediger Brehmer

Director

29 September 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

South West Welding Supplies Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05553373 . The registered office is Beliver Way , Roborough , Plymouth, PL6 7BP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	4% Straight line
Plant & Machinery	25% Reducing balance
Motor Vehicles	25% Reducing balance

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South West Welding Supplies Ltd

Notes to the Financial Statements (continued)

For the Period 1 October 2023 to 31 March 2025

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax is recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 31 (2023: 10)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 October 2023	19,999

As at 31 March 2025	19,999

Amortisation
As at 1 October 2023	19,999

As at 31 March 2025	19,999

Net Book Value
As at 31 March 2025	-

As at 1 October 2023	-

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 October 2023	411,503	257,197	108,457	777,157
Additions	-	78,644	284,922	363,566
Disposals	-	-	(97,500 )	(97,500 )

As at 31 March 2025	411,503	335,841	295,879	1,043,223

...CONTINUED

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South West Welding Supplies Ltd

Notes to the Financial Statements (continued)

For the Period 1 October 2023 to 31 March 2025

Depreciation
As at 1 October 2023	46,848	103,362	34,536	184,746
Provided during the period	26,649	69,096	35,363	131,108
Disposals	-	-	(12,375 )	(12,375 )

As at 31 March 2025	73,497	172,458	57,524	303,479

Net Book Value
As at 31 March 2025	338,006	163,383	238,355	739,744

As at 1 October 2023	364,655	153,835	73,921	592,411

6. Debtors

	31 March 2025	30 September 2023
	£	£
Due within one year
Trade debtors	387,279	385,756
Prepayments and accrued income	185,857	-
Loans to staff	7,651	2,601
Director's loan account	-	100

	580,787	388,457

7. Creditors: Amounts Falling Due Within One Year

	31 March 2025	30 September 2023
	£	£
Trade creditors	148,178	49,945
Bank loans and overdrafts	-	72,000
Corporation tax	257,477	38
Other taxes and social security	21,176	12,852
VAT	123,969	51,800
Accruals and deferred income	5,460	-
Director's loan account	59	-

	556,319	186,635

8. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	30 September 2023
	£	£
Bank loans	-	249,132

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South West Welding Supplies Ltd

Notes to the Financial Statements (continued)

For the Period 1 October 2023 to 31 March 2025

9. Share Capital

	31 March 2025	30 September 2023
	£	£
Allotted, Called up and fully paid	2	2

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