REGISTERED NUMBER: SC381391 (Scotland)

Financial Statements for the Year Ended 31 March 2025

for

WELLHEAD ENGINEERING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Stewart

REGISTERED OFFICE:

12 Traill Drive

Montrose

Angus

DD10 8SW

REGISTERED NUMBER:

SC381391 (Scotland)

ACCOUNTANTS:

Account Tax Ltd

Chartered Certified Accountants

12 Traill Drive

Montrose

Angus

DD10 8SW

FIXED ASSETS

Tangible assets

4

-

530

CURRENT ASSETS

Debtors

5

67,433

46,847

Cash at bank

2,444

532

69,877

47,379

CREDITORS

Amounts falling due within one year

6

36,426

17,508

NET CURRENT ASSETS

33,451

29,871

TOTAL ASSETS LESS CURRENT LIABILITIES

33,451

30,401

CREDITORS

Amounts falling due after more than one year

7

(24,315

)

(30,095

)

PROVISIONS FOR LIABILITIES

-

(101

)

NET ASSETS

9,136

205

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

9,126

195

SHAREHOLDERS' FUNDS

9,136

205

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 director acknowledges his 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 November 2025 and were signed by:

J M Stewart - Director

1.	STATUTORY INFORMATION

Wellhead Engineering Ltd is a private company, limited by shares , registered in Scotland. 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.

Fixtures and fittings

-

33% on cost

Computer equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 material 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

570

4,942

5,512

DEPRECIATION

At 1 April 2024

570

4,412

4,982

Charge for year

-

530

530

At 31 March 2025

570

4,942

5,512

NET BOOK VALUE

At 31 March 2025

-

-

-

At 31 March 2024

-

530

530

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Other debtors

32,392

27,198

Amounts falling due after more than one year:

Other debtors

35,041

19,649

Aggregate amounts

67,433

46,847

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Taxation and social security

25,124

6,806

Other creditors

1,302

702

36,426

17,508

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

24,315

30,095

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £45,929 (2024 - £18,800) were paid to the director .

The company was under control of J M Stewart throughout the current and previous year.

During the year the company advanced the director net amounts totalling £15,392. As at 31 March 2025 included within other debtors is a balance outstanding due to the company of £35,041 (2024 - £19,649). Interest has been paid on this loan as at rates prescribed by HM Revenue & Customs.