Company registration number 01578695 (England and Wales)
NORTHANTS WELDING SUPPLIES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
NORTHANTS WELDING SUPPLIES LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
NORTHANTS WELDING SUPPLIES LTD
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
166,784
190,872
Investment properties
5
512,000
512,000
678,784
702,872
Current assets
Stocks
286,801
317,177
Debtors
6
232,436
356,809
Cash at bank and in hand
95,644
28,949
614,881
702,935
Creditors: amounts falling due within one year
7
(226,031)
(335,938)
Net current assets
388,850
366,997
Total assets less current liabilities
1,067,634
1,069,869
Provisions for liabilities
(21,577)
(21,577)
Net assets
1,046,057
1,048,292
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1,045,957
1,048,192
Total equity
1,046,057
1,048,292
NORTHANTS WELDING SUPPLIES LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

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

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 6 May 2026
Gary Clipston
Director
Company Registration No. 01578695
NORTHANTS WELDING SUPPLIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Northants Welding Supplies Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 8-9 Vaux Road, Finedon Road Industrial Estate, Wellingborough, Northamptonshire, NN8 4TG.

1.1
Accounting convention

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, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover
Turnover represents sales and hire of equipment invoiced to third parties during the year, excluding Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives using the following rates:
Freehold property & improvements
- 2% per annum on cost
Plant for hire
- 25% per annum on cost
Computer equipment
- 33.33% per annum on cost
Motor vehicles
- 20%/25% per annum on written down value

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
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

NORTHANTS WELDING SUPPLIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Stocks

Stocks are stated at the lower of cost or net realisable value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

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

Basic financial assets and liabilities

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs and are subsequently measured at amortised cost using the effective interest rate.

1.9
Equity instruments

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

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.10
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 that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
NORTHANTS WELDING SUPPLIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

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
4
5
NORTHANTS WELDING SUPPLIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2025
382,309
385,938
768,247
Additions
-
0
8,623
8,623
Disposals
-
0
(16,960)
(16,960)
At 31 December 2025
382,309
377,601
759,910
Depreciation and impairment
At 1 January 2025
269,233
308,142
577,375
Depreciation charged in the year
7,507
22,257
29,764
Eliminated in respect of disposals
-
0
(14,013)
(14,013)
At 31 December 2025
276,740
316,386
593,126
Carrying amount
At 31 December 2025
105,569
61,215
166,784
At 31 December 2024
113,076
77,796
190,872
5
Investment property
2025
£
Fair value
At 1 January 2025 and 31 December 2025
512,000

Investment property comprises of two freehold investment properties. In the opinion of the director the market value of the properties at 31 December 2025 was as follows:

1. £222,000 based on an open market valuation

2. £290,000 based on the open market valuation

The valuation at 31 December 2025 was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Deferred tax has been provided for on the revaluation of the investment properties.

6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
164,615
211,396
Corporation tax recoverable
21
32,257
Other debtors
63,342
107,977
Prepayments and accrued income
4,458
5,179
232,436
356,809
NORTHANTS WELDING SUPPLIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
0
36,204
Payments received on account
61,438
48,803
Trade creditors
148,727
204,778
Other taxation and social security
9,204
3,810
Dividends payable
-
0
20,000
Other creditors
662
513
Accruals and deferred income
6,000
21,830
226,031
335,938

The short-term loans are secured as follows:

National Westminster Bank PLC hold a legal charge dated 26 August 2011 in respect of one of the investment properties.

National Westminster Bank PLC hold a legal charge dated 19 November 2008 over all company assets.

National Westminster Bank PLC hold a debenture dated 11 November 2008 in respect of all liabilities.

8
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Gary Clipston - Director
-
19,877
58,838
(50,273)
28,442
19,877
58,838
(50,273)
28,442
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