Company registration number 02696879 (England and Wales)
WESTHEAD WELDING FABRICATORS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
WESTHEAD WELDING FABRICATORS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
WESTHEAD WELDING FABRICATORS LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
63,490
74,070
Current assets
Stocks
5,000
5,000
Debtors
4
233,206
141,158
Cash at bank and in hand
44,444
98,525
282,650
244,683
Creditors: amounts falling due within one year
5
(158,252)
(139,224)
Net current assets
124,398
105,459
Total assets less current liabilities
187,888
179,529
Creditors: amounts falling due after more than one year
6
(5,833)
(15,833)
Provisions for liabilities
(12,063)
(14,073)
Net assets
169,992
149,623
Capital and reserves
Called up share capital
8
100
100
Share premium account
95,036
95,036
Profit and loss reserves
74,856
54,487
Total equity
169,992
149,623

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

WESTHEAD WELDING FABRICATORS LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 24 October 2025 and are signed on its behalf by:
Mr L.J. Westhead
Director
Company Registration No. 02696879
WESTHEAD WELDING FABRICATORS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Westhead Welding Fabricators Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1, Glan y Morfa Trading Estate, Marsh Road, Rhyl, Denbighshire, LL18 2AD.

1.1
Accounting convention
The financial statements are prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

The accounting policy regarding turnover recognition reflects the requirement of FRS 102 section 23, Revenue. The policy requires that where substance of a contract is that the sellers contractual obligations are performed gradually over time, revenue should be recognised as contract activity progresses to reflect the sellers performance of its contractual obligations.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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:

Plant and machinery
25% per annum reducing balance
Fixtures, fittings & equipment
15% per annum reducing balance
Computer equipment
25% per annum reducing balance
Motor vehicles
25% per annum reducing balance

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.

1.4
Stocks

Stock and work in progress are valued at the lower of cost and net realisable value.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

WESTHEAD WELDING FABRICATORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.7
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
15
15
WESTHEAD WELDING FABRICATORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
373,907
Additions
7,297
Disposals
(2,580)
At 31 March 2025
378,624
Depreciation and impairment
At 1 April 2024
299,837
Depreciation charged in the year
17,359
Eliminated in respect of disposals
(2,062)
At 31 March 2025
315,134
Carrying amount
At 31 March 2025
63,490
At 31 March 2024
74,070
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
59,799
51,775
Other debtors
173,407
89,383
233,206
141,158
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,000
10,000
Trade creditors
116,731
79,410
Taxation and social security
18,587
12,449
Other creditors
12,934
37,365
158,252
139,224

WESTHEAD WELDING FABRICATORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
5,833
15,833
7
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
12,063
14,073
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
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