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Company Registration No. 12435836 (England and Wales)
SWEL Weldfab Limited Unaudited accounts for the year ended 31 January 2026
SWEL Weldfab Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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SWEL Weldfab Limited Company Information for the year ended 31 January 2026
Directors
Neale Patterson Patricia Welsh
Company Number
12435836 (England and Wales)
Registered Office
UNIT 3 SHELLEY ROAD PRESERVING WORKS NEWCASTLE UPON TYNE TYNE AND WEAR NE15 9RT ENGLAND
Accountants
Payroll Simple Limited 1 Broadway Lemington Newcastle upon Tyne NE15 7JY
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SWEL Weldfab Limited Statement of financial position as at 31 January 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
43,059
49,696
Current assets
Debtors
5
216,482
107,327
Cash at bank and in hand
150,847
183,051
367,329
290,378
Creditors: amounts falling due within one year
6
(172,702)
(216,042)
Net current assets
194,627
74,336
Total assets less current liabilities
237,686
124,032
Creditors: amounts falling due after more than one year
7
-
(3,000)
Net assets
237,686
121,032
Capital and reserves
Called up share capital
8
2
2
Profit and loss account
237,684
121,030
Shareholders' funds
237,686
121,032
For the year ending 31 January 2026 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2026 and were signed on its behalf by
Neale Patterson Director Company Registration No. 12435836
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SWEL Weldfab Limited Notes to the Accounts for the year ended 31 January 2026
1
Statutory information
SWEL Weldfab Limited is a private company, limited by shares, registered in England and Wales, registration number 12435836. The registered office is UNIT 3 SHELLEY ROAD, PRESERVING WORKS, NEWCASTLE UPON TYNE, TYNE AND WEAR, NE15 9RT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Motor vehicles
20%
Fixtures & fittings
20%
Computer equipment
20%
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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SWEL Weldfab Limited Notes to the Accounts for the year ended 31 January 2026
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2025
49,592
19,995
1,401
5,979
76,967
Additions
2,200
-
-
1,280
3,480
At 31 January 2026
51,792
19,995
1,401
7,259
80,447
Depreciation
At 1 February 2025
23,065
1,999
377
1,830
27,271
Charge for the year
5,440
3,599
205
873
10,117
At 31 January 2026
28,505
5,598
582
2,703
37,388
Net book value
At 31 January 2026
23,287
14,397
819
4,556
43,059
At 31 January 2025
26,527
17,996
1,024
4,149
49,696
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
146,831
107,327
Other debtors
69,651
-
216,482
107,327
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
2,500
6,014
VAT
22,784
15,385
Obligations under finance leases and hire purchase contracts
12,085
16,919
Trade creditors
47,011
93,926
Amounts owed to group undertakings and other participating interests
47,777
47,777
Taxes and social security
12,670
16,621
Accruals
27,875
19,400
172,702
216,042
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
-
3,000
Barclays (COVID) Bounce Back loan taken over ten years
8
Share capital
2026
2025
£
£
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
- 6 -
SWEL Weldfab Limited Notes to the Accounts for the year ended 31 January 2026
9
Average number of employees
During the year the average number of employees was 13 (2025: 13).
- 7 -