REGISTERED NUMBER: 03114989

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

WARING ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R Waring

Mrs J L Waring

SECRETARY:

Mrs J L Waring

REGISTERED OFFICE:

Unit F2, Field Industrial Estate,

Lowmoor Road,

Kirkby in Ashfield

Nottinghamshire

NG17 7LJ

REGISTERED NUMBER:

03114989

ACCOUNTANTS:

Anderson & Co

18 Diamond Avenue

Kirkby in Ashfield

Nottinghamshire

NG17 7GR

BANKERS:

National Westminster Plc

Sutton & Kirkby Branch

Portland Square

Sutton in Ashfield

Nottinghamshire

NG17 1BA

FIXED ASSETS

Tangible assets

4

135,400

135,400

CURRENT ASSETS

Stocks

-

18,200

Debtors

5

297,251

259,336

Cash at bank

125,577

125,577

422,828

403,113

CREDITORS

Amounts falling due within one year

6

119,252

119,252

NET CURRENT ASSETS

303,576

283,861

TOTAL ASSETS LESS CURRENT LIABILITIES

438,976

419,261

PROVISIONS FOR LIABILITIES

24,265

24,265

NET ASSETS

414,711

394,996

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

414,611

394,896

SHAREHOLDERS' FUNDS

414,711

394,996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 31 October 2025 and were signed on its behalf by:

Mr R Waring - Director

1.	STATUTORY INFORMATION

Waring Engineering Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

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

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Office equipment & fittings

-

33% on reducing balance and 15% on reducing balance

Motor vehicles

-

25% 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.

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.

Hire purchase and 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Office

Plant and

equipment

Motor

machinery

& fittings

vehicles

Totals

£

£

£

£

COST

At 1 February 2024

and 31 January 2025

507,477

63,997

45,170

616,644

DEPRECIATION

At 1 February 2024

and 31 January 2025

399,577

61,497

20,170

481,244

NET BOOK VALUE

At 31 January 2025

107,900

2,500

25,000

135,400

At 31 January 2024

107,900

2,500

25,000

135,400

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

202,028

202,028

Amounts recoverable on contract

37,915

-

Prepayments

57,308

57,308

297,251

259,336

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

2,332

2,332

Trade creditors

39,230

39,230

PAYE & national insurance

10,514

10,514

Value added tax

43,195

43,195

Directors' current accounts

8,503

8,503

Accruals

15,478

15,478

119,252

119,252

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr R Waring.

The ultimate controlling party is Mr R Waring.