REGISTERED NUMBER: 02584561 (England and Wales)

The Wakefield Welding Centre Limited

Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Wilkinson

Mrs D L Wilkinson

SECRETARY:

Mrs D L Wilkinson

REGISTERED OFFICE:

Unit 5

Carlton Street

Wakefield

West Yorkshire

WF2 8TQ

REGISTERED NUMBER:

02584561 (England and Wales)

ACCOUNTANTS:

SMH Jolliffe Cork Ltd

Accountants & Business Advisors

33 George Street

Wakefield

West Yorkshire

WF1 1LX

BANKERS:

Lloyds Bank Plc

17 Westgate

Wakefield

West Yorkshire

WF1 1JZ

FIXED ASSETS

Tangible assets

4

44,421

33,881

CURRENT ASSETS

Stocks

188,295

205,587

Debtors

5

344,859

485,398

Cash at bank and in hand

300,540

358,614

833,694

1,049,599

CREDITORS

Amounts falling due within one year

6

479,128

681,713

NET CURRENT ASSETS

354,566

367,886

TOTAL ASSETS LESS CURRENT LIABILITIES

398,987

401,767

PROVISIONS FOR LIABILITIES

11,105

8,471

NET ASSETS

387,882

393,296

CAPITAL AND RESERVES

Called up share capital

8

200

200

Capital redemption reserve

1,700

1,700

Retained earnings

385,982

391,396

SHAREHOLDERS' FUNDS

387,882

393,296

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 28 October 2025 and were signed on its behalf by:

Mr J Wilkinson - Director

1.	STATUTORY INFORMATION

The Wakefield Welding Centre 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 company's functional and presentation currency is the pound sterling (£). All financial information presented has been rounded to the nearest £, unless otherwise stated.

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 the cost less estimated residual value of each asset over its estimated useful life.

Fixtures, fittings & equipment

-

10% and 20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

20% on cost

All tangible fixed assets are initially recorded at cost.

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

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 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.

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.

Pension costs and other post-retirement benefits

The company operates an auto-enrolment pension scheme on behalf of its employees and makes defined contributions into the scheme. The company also makes employer contributions into the directors' personal pension scheme. Contributions payable to these pension schemes are charged to the profit and loss account in the period to which they relate.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings &

Motor

Computer

equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

27,810

63,529

40,266

131,605

Additions

-

19,130

2,868

21,998

Disposals

-

(23,045

)

-

(23,045

)

At 31 March 2025

27,810

59,614

43,134

130,558

DEPRECIATION

At 1 April 2024

21,691

50,094

25,939

97,724

Charge for year

1,280

6,370

3,808

11,458

Eliminated on disposal

-

(23,045

)

-

(23,045

)

At 31 March 2025

22,971

33,419

29,747

86,137

NET BOOK VALUE

At 31 March 2025

4,839

26,195

13,387

44,421

At 31 March 2024

6,119

13,435

14,327

33,881

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

326,203

467,170

Prepayments and accrued income

18,656

18,228

344,859

485,398

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

390,381

537,741

Tax

17,328

20,047

Social security and other taxes

11,817

16,627

VAT

29,763

27,436

Other creditors

504

683

Directors' current accounts

16,945

62,148

Accruals and deferred income

12,390

17,031

479,128

681,713

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

28,515

31,567

Between one and five years

41,125

73,225

69,640

104,792

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

120

Ordinary

£1

120

200

(2024 - 200 )

80

Ordinary A

£1

80

-

200

200

9.	RELATED PARTY DISCLOSURES