REGISTERED NUMBER: SC655383 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

N J Slee Welding Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Slee

REGISTERED OFFICE:

Euston Place

Garelochhead

G84 0AQ

REGISTERED NUMBER:

SC655383 (Scotland)

ACCOUNTANTS:

Macleod Fulton

Scottcourt House

West Princes Street

Helensburgh

Argyll & Bute

G84 8BP

FIXED ASSETS

Intangible assets

4

800,000

800,000

Tangible assets

5

97,552

95,059

897,552

895,059

CURRENT ASSETS

Stocks

7,070

6,870

Debtors

6

214,078

211,531

Cash at bank and in hand

134,490

121,820

355,638

340,221

CREDITORS

Amounts falling due within one year

7

179,217

172,821

NET CURRENT ASSETS

176,421

167,400

TOTAL ASSETS LESS CURRENT LIABILITIES

1,073,973

1,062,459

CREDITORS

Amounts falling due after more than one year

8

(219,236

)

(325,125

)

PROVISIONS FOR LIABILITIES

(17,516

)

(13,465

)

NET ASSETS

837,221

723,869

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

837,220

723,868

837,221

723,869

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2025 and were signed by:

S Slee - Director

1.	STATUTORY INFORMATION

N J Slee Welding Limited 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020. Goodwill is not written off.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

33% on cost and 25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 12 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

800,000

NET BOOK VALUE

At 31 March 2025

800,000

At 31 March 2024

800,000

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2024

199,467

3,595

203,062

Additions

43,456

2,189

45,645

Disposals

(33,000

)

-

(33,000

)

At 31 March 2025

209,923

5,784

215,707

DEPRECIATION

At 1 April 2024

104,959

3,044

108,003

Charge for year

31,945

1,023

32,968

Eliminated on disposal

(22,816

)

-

(22,816

)

At 31 March 2025

114,088

4,067

118,155

NET BOOK VALUE

At 31 March 2025

95,835

1,717

97,552

At 31 March 2024

94,508

551

95,059

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Trade debtors

210,965

136,435

Other debtors

3,113

75,096

214,078

211,531

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Trade creditors

56,539

84,327

Taxation and social security

39,223

13,650

Other creditors

83,455

74,844

179,217

172,821

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Other creditors

219,236

325,125

9.	CONTINGENT LIABILITIES

As at 31 March 2025 the company had no contingent liabilities. (2024 - £nil).

10.	CAPITAL COMMITMENTS

As at 31 March 2025 the company had no contingent liabilities. (2024 - £nil).

11.	RELATED PARTY DISCLOSURES