REGISTERED NUMBER: 04727522 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Welham Woodwork Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Welham

Mrs L Welham

SECRETARY:

Mr M Welham

REGISTERED OFFICE:

Lewis House

Great Chesterford Court

Great Chesterford

Essex

CB10 1PF

REGISTERED NUMBER:

04727522 (England and Wales)

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

1,853

2,180

1,853

2,180

CURRENT ASSETS

Stocks

428

519

Debtors

7

9,462

16,581

Cash at bank

11,790

12,444

21,680

29,544

CREDITORS

Amounts falling due within one year

8

20,714

15,545

NET CURRENT ASSETS

966

13,999

TOTAL ASSETS LESS CURRENT LIABILITIES

2,819

16,179

CREDITORS

Amounts falling due after more than one year

9

(1,252

)

(5,437

)

PROVISIONS FOR LIABILITIES

(352

)

(414

)

NET ASSETS

1,215

10,328

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,213

10,326

SHAREHOLDERS' FUNDS

1,215

10,328

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.

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 17 September 2025 and were signed on its behalf by:

Mr M Welham - Director

1.	STATUTORY INFORMATION

Welham Woodwork 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

14,000

AMORTISATION

At 1 April 2024

and 31 March 2025

14,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

14,709

DEPRECIATION

At 1 April 2024

12,529

Charge for year

327

At 31 March 2025

12,856

NET BOOK VALUE

At 31 March 2025

1,853

At 31 March 2024

2,180

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

8,557

8,915

Other debtors

905

7,666

9,462

16,581

Other debtors disclosed above consist of prepaid expenses of £nil (2024 - £335), taxes of £905 (2024 - £2,252) and directors loan account of £nil (2024 - £5,079).

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,230

4,210

Trade creditors

224

1,547

Taxation and social security

12,422

7,202

Other creditors

3,838

2,586

20,714

15,545

Other creditors disclosed above consist of accruals of £2,015 (2024 - £2,015), directors loan account of £1,703 (2024 - debit balance £5,079) and credit card of £120 (2024 - £571).

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,252

5,437