Drayton Welding & Tool Connections Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 02295125 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Drayton Welding & Tool Connections Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A J Drayton

Mr P J Drayton

Mr W W Drayton

SECRETARY:

Mrs E A Drayton

REGISTERED OFFICE:

The Coachworks

Woodbridge Road

Sleaford

Lincolnshire

NG34 7EW

REGISTERED NUMBER:

02295125 (England and Wales)

FIXED ASSETS

Intangible assets

4

3,879

5,379

Tangible assets

5

614,201

607,286

618,080

612,665

CURRENT ASSETS

Stocks

442,865

501,472

Debtors

6

529,251

491,453

Cash at bank and in hand

72,451

45,117

1,044,567

1,038,042

CREDITORS

Amounts falling due within one year

7

614,013

579,092

NET CURRENT ASSETS

430,554

458,950

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,048,634

1,071,615

CREDITORS

Amounts falling due after more than one
year

8

(19,816

)

-

PROVISIONS FOR LIABILITIES

(95,469

)

(85,807

)

NET ASSETS

933,349

985,808

CAPITAL AND RESERVES

Called up share capital

20

Revaluation reserve

10

122,271

71,303

Retained earnings

811,058

914,485

933,349

985,808

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 5 December 2025 and were signed on its behalf by:

Mr W W Drayton - Director

1.	STATUTORY INFORMATION

Drayton Welding & Tool Connections Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover

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

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.

Computer software is being amortised evenly over its estimated useful life of seven years.

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

-

20% on cost and Straight line over 20 years

Motor vehicles

-

25% on cost and 20% 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.

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 14 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

18,650

AMORTISATION

At 1 April 2024

13,271

Charge for year

1,500

At 31 March 2025

14,771

NET BOOK VALUE

At 31 March 2025

3,879

At 31 March 2024

5,379

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

COST OR VALUATION

At 1 April 2024

260,000

105,734

371,122

736,856

Additions

-

7,394

34,822

42,216

Disposals

-

(74,480

)

(74,480

)

Revaluations

75,000

-

75,000

At 31 March 2025

335,000

113,128

331,464

779,592

DEPRECIATION

At 1 April 2024

-

48,401

81,169

129,570

Charge for year

-

16,816

58,227

75,043

Eliminated on disposal

-

(39,222

)

(39,222

)

At 31 March 2025

-

65,217

100,174

165,391

NET BOOK VALUE

At 31 March 2025

335,000

47,911

231,290

614,201

At 31 March 2024

260,000

57,333

289,953

607,286

The net book value of tangible fixed assets includes £9,133 (31.3.24 £11,417) in respect of fixed assets held under finance agreements.

Cost or valuation at 31 March 2025 is represented by:

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

Valuation in 2009

78,028

-

78,028

Valuation in 2017

10,000

-

10,000

Valuation in 2025

75,000

-

75,000

Cost

171,972

113,128

331,464

616,564

335,000

113,128

331,464

779,592

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

Cost

171,972

Value of land in freehold land and buildings

335,000

260,000

Freehold land and buildings were valued on an open market basis on 10 June 2024 by Pygott & Crone Commercial .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

516,574

479,152

Other debtors

12,677

12,301

529,251

491,453

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Hire purchase contracts

6,794

1,615

Trade creditors

329,981

290,634

Taxation and social security

97,052

137,017

Other creditors

180,186

149,826

614,013

579,092

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Hire purchase contracts

19,816

-

9.	SECURED DEBTS

Amounts due from time to time to the company's bankers are secured by a first legal charge over the freehold property of the company and by an unlimited debenture over the company's remaining assets.

10.

RESERVES

Revaluation

reserve

£

At 1 April 2024

71,303

Land & buildings

75,000

Deferred tax movement

(24,032

)

At 31 March 2025

122,271

11.	ULTIMATE CONTROLLING PARTY

The company is under the control of its directors who hold between them 83% of the voting rights.