WELD-TEC INDUSTRIAL SERVICES LIMITED


Directors	Mr J J Hay
	Mr S J Hay


Company Secretary	Mr J J Hay


Registered Address	Unit 1 Block 2
	Causewayside Street
	Tollcross Industrial Estate
	G32 8LT


Registered Number	SC164741 (Scotland)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		10,737		5,984
			10,737		5,984
Current assets
Stocks		24,359		28,235
Debtors	4	137,110		147,573
Cash at bank and on hand		48,641		39,386
		210,110		215,194
Creditors amounts falling due within one year	5	(181,140)		(201,142)
Net current assets (liabilities)			28,970		14,052
Total assets less current liabilities			39,707		20,036
Net assets			39,707		20,036
Capital and reserves
Called up share capital			6		6
Profit and loss account			39,701		20,030
Shareholders' funds			39,707		20,036

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 30 December 2025, and are signed on its behalf by:

Mr S J Hay
Director
Registered Company No. SC164741

WELD-TEC INDUSTRIAL SERVICES LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number is SC164761 and registered office address is Unit 1, Block 2, Causewayside Street, Tollcross Industrial Estate, Glasgow, G32 8LT.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents net invoiced sale of goods, excluding value added tax, attributable to the principal activity of the company being that of selling machinery and industrial equipment.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Current taxation
	Current tax is recognised in profit or loss and represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss and represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Tangible fixed assets and depreciation
	Tangible assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Plant and machinery 25% reducing balance & 20% straight line Fixtures and fittings 25% reducing balance Office equipment 25% reducing balance Motor vehicles 25% reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit and loss account.

Tangible fixed assets and depreciation

Tangible assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery            25% reducing balance & 20% straight line
Fixtures and fittings              25% reducing balance
Office equipment                  25% reducing balance
Motor vehicles                      25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit and loss account.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately within current liabilities.

	Financial instruments
	The company only enters into basic financial instruments that result in the recognition of financial assets like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	7		8

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 24	6,086	4,070	4,047	7,038	21,241
Additions	7,500	-	-	666	8,166
At 31 March 25	13,586	4,070	4,047	7,704	29,407
Depreciation and impairment
At 01 April 24	1,687	3,226	4,047	6,297	15,257
Charge for year	2,975	211	-	227	3,413
At 31 March 25	4,662	3,437	4,047	6,524	18,670
Net book value
At 31 March 25	8,924	633	-	1,180	10,737
At 31 March 24	4,399	844	-	741	5,984

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	134,739	146,222
Other debtors	106	106
Prepayments and accrued income	2,265	1,245
Total	137,110	147,573

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	148,980	166,655
Taxation and social security	21,858	28,415
Other creditors	3,582	2,121
Accrued liabilities and deferred income	6,720	3,951
Total	181,140	201,142