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Company registration number:
03964062
Proweld Welding Supplies Limited
Unaudited Filleted Financial Statements for the year ended
31 May 2025
Proweld Welding Supplies Limited
Statement of Financial Position
31 May 2025

|  | 2025 | 2024
--- | --- | --- | ---
| Note | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 5 | 67,611 |  | 89,824 |
Current assets |  |  |  |  |
Stocks |  | 130,242 |  | 150,482 |
Debtors | 6 | 277,066 |  | 371,047 |
Cash at bank and in hand |  | 247,910 |  | 203,619 |
|  | 655,218 |  | 725,148 |
Creditors: amounts falling due within one year | 7 | (326,504 | ) | (424,877 | )
Net current assets |  | 328,714 |  | 300,271 |
Total assets less current liabilities |  | 396,325 |  | 390,095 |
Provisions for liabilities |  | (15,717 | ) | (21,821 | )
Net assets |  | 380,608 |  | 368,274 |
Capital and reserves |  |  |  |  |
Called up share capital |  | 2 |  | 2 |
Profit and loss account |  | 380,606 |  | 368,272 |
Shareholders funds |  | 380,608 |  | 368,274 |

For the year ending
31 May 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
10 December 2025
, and are signed on behalf of the board by:

C Walton
Director

Company registration number:
03964062
Proweld Welding Supplies Limited
Notes to the Financial Statements
Year ended
31 May 2025

## 1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
James Road
,
Adwick Le St.
,
Doncaster
,
South Yorkshire
,
DN6 7HH
.

## 2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

## 3 Accounting policies

## Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

## Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

## Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

## Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Motor vehicles | 25% reducing balance
Plant and machinery | 20% reducing balance
Fixtures and fittings | 20% reducing balance
Office equipment | 33% straight line

## Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

## Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

## Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

## 4 Average number of employees

The average number of persons employed by the company during the year was
16
(2024:
17
).

## 5 Tangible assets

| Plant and machinery etc.
--- | ---
| £
Cost |  |
At 1 June 2024 and 31 May 2025 | 191,277 |
Depreciation |  |
At 1 June 2024 | 101,453 |
Charge | 22,213 |
At 31 May 2025 | 123,666 |
Carrying amount |  |
At 31 May 2025 | 67,611 |
At 31 May 2024 | 89,824 |

## 6 Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Trade debtors | 267,983 |  | 361,162 |
Other debtors | 9,083 |  | 9,885 |
| 277,066 |  | 371,047 |

## 7 Creditors: amounts falling due within one year

| 2025 | 2024
--- | --- | ---
| £ | £
Trade creditors | 193,604 |  | 315,426 |
Taxation and social security | 63,371 |  | 78,903 |
Other creditors | 69,529 |  | 30,548 |
| 326,504 |  | 424,877 |