REGISTERED NUMBER: 06247747 (England and Wales)

Financial Statements for the Year Ended 31st May 2025

for

Paul Young Welding Services (UK) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P J Young

REGISTERED OFFICE:

2 Kincoed Road

Oakdale

Blackwood

NP12 0LP

REGISTERED NUMBER:

06247747 (England and Wales)

FIXED ASSETS

Tangible assets

4

20,859

11,874

CURRENT ASSETS

Stocks

58,000

52,500

Debtors

5

2,305

11,658

Cash at bank

11,585

22,808

71,890

86,966

CREDITORS

Amounts falling due within one year

6

161,331

142,805

NET CURRENT LIABILITIES

(89,441

)

(55,839

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(68,582

)

(43,965

)

CREDITORS

Amounts falling due after more than one year

7

7,865

9,000

NET LIABILITIES

(76,447

)

(52,965

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(76,448

)

(52,966

)

SHAREHOLDERS' FUNDS

(76,447

)

(52,965

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 and Director's Report has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th May 2026 and were signed by:

Mr P J Young - Director

1.	STATUTORY INFORMATION

Paul Young Welding Services (UK) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement and Director's Report, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred 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.

Going concern

These accounts are prepared on a going concern basis.

The director has a loan totalling £126,006 (2024 - £108,305) included in current liabilities and has indicated that he does not intend to withdraw his support for the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st June 2024

165,282

Additions

15,500

Disposals

(4,800

)

At 31st May 2025

175,982

DEPRECIATION

At 1st June 2024

153,408

Charge for year

6,093

Eliminated on disposal

(4,378

)

At 31st May 2025

155,123

NET BOOK VALUE

At 31st May 2025

20,859

At 31st May 2024

11,874

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

892

4,711

Other debtors

1,413

6,947

2,305

11,658

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,000

9,000

Hire purchase contracts

2,420

-

Trade creditors

7,377

9,505

Taxation and social security

2,801

2,595

Other creditors

139,733

121,705

161,331

142,805

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

9,000

Hire purchase contracts

7,865

-

7,865

9,000