Company registration number 03276551 (England and Wales)
WELDSHOP & FABRICATION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
WELDSHOP & FABRICATION LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
WELDSHOP & FABRICATION LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
26,426
28,572
Current assets
Stocks
4,741
4,783
Debtors
5
28,416
172,338
Cash at bank and in hand
119,132
2,323
152,289
179,444
Creditors: amounts falling due within one year
6
(126,480)
(158,897)
Net current assets
25,809
20,547
Total assets less current liabilities
52,235
49,119
Creditors: amounts falling due after more than one year
7
(18,000)
(23,000)
Provisions for liabilities
(4,167)
(5,429)
Net assets
30,068
20,690
Capital and reserves
Called up share capital
8
52
52
Profit and loss reserves
30,016
20,638
Total equity
30,068
20,690

The notes on pages 3 to 7 form part of these financial statements.

WELDSHOP & FABRICATION LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2025
30 November 2025
- 2 -

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 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.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 April 2026 and are signed on its behalf by:
Mr M J Barrett
Director
Company registration number 03276551 (England and Wales)
WELDSHOP & FABRICATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 3 -
1
Accounting policies
Company information

Weldshop & Fabrication Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old Butchery, High Street, Twyford, Winchester, Hampshire, United Kingdom, SO21 1NH.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Income from work done during the year is recognised on completion and collection of the work. At the balance sheet date it is recognised at the stage of completion at that date.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any 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 equipment
25% on reducing balance
Motor vehicles
25% on reducing balance

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

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price, less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, attributable costs in bringing the stocks to their present location and condition.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

WELDSHOP & FABRICATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

F inancial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets including debtors and bank balances are recorded at transaction price with any losses from impairment being recognised in profit or loss.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates in force at the balance sheet date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences that have originated but not reversed at the balance sheet date. D eferred 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.

Deferred tax is calculated at the tax rates in force at the year end and that are expected to apply in the period when the liability is settled or the asset is realised.

Deferred tax is charged or credited to profit or loss.

WELDSHOP & FABRICATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

Assets obtained under hire purchase contracts are capitalised in the balance sheet using the cost of the asset and depreciated over their estimated useful lives. The interest element of these obligations is charged to profit and loss over the relevant period and the capital element of the future payments is treated as a liability.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
11
11
WELDSHOP & FABRICATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 6 -
4
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 December 2024
143,168
16,000
159,168
Additions
6,665
-
0
6,665
At 30 November 2025
149,833
16,000
165,833
Depreciation and impairment
At 1 December 2024
115,798
14,798
130,596
Depreciation charged in the year
8,510
301
8,811
At 30 November 2025
124,308
15,099
139,407
Carrying amount
At 30 November 2025
25,525
901
26,426
At 30 November 2024
27,370
1,202
28,572
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
18,670
156,323
Corporation tax recoverable
612
612
Other debtors
-
0
5,377
Prepayments and accrued income
9,134
10,026
28,416
172,338
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
7,458
-
0
Obligations under finance leases
5,000
5,000
Other borrowings
12,000
23,200
Trade creditors
34,281
38,833
Corporation tax
5,659
612
Other taxation and social security
51,288
85,954
Other creditors
6,523
757
Accruals and deferred income
4,271
4,541
126,480
158,897
WELDSHOP & FABRICATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
6
Creditors: amounts falling due within one year
(Continued)
- 7 -

The obligations under finance leases included in creditors comprise a hire purchase contract.

The hire purchase debt is secured upon the asset it relates to.

The bank account is secured on the business assets and the directors' personal assets.

7
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Obligations under finance leases
5,000
10,000
Other borrowings
13,000
13,000
18,000
23,000

The obligations under finance leases included in creditors comprise a hire purchase contract.

The hire purchase debt is secured upon the asset it relates to.

8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
52
52
52
52
9
Contingent liabilities

Total financial commitments, guarantees and contingencies, which are not included in the balance sheet, amount to £8,627 (2024 £24,107).

10
Directors' transactions

A director's loan of £1,812 (2024 £0) was brought forward. This loan was settled during the year (2024 £1,812 loan advanced) and no loan was outstanding at the balance sheet date (2024 £1,812).

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