Welex Rental Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09321242

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		358,880		370,702

			358,880		370,702
CURRENT ASSETS
Debtors	5	188,207		223,031
Cash at bank and in hand		765,923		642,192

		954,130		865,223
Creditors: Amounts Falling Due Within One Year	6	(152,538 )		(177,731 )

NET CURRENT ASSETS (LIABILITIES)			801,592		687,492

TOTAL ASSETS LESS CURRENT LIABILITIES			1,160,472		1,058,194

PROVISIONS FOR LIABILITIES
Deferred Taxation			(89,720 )		(92,675 )

NET ASSETS			1,070,752		965,519

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			1,070,652		965,419

SHAREHOLDERS' FUNDS			1,070,752		965,519

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Welex Rental Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr R Koolmees

Director

3 June 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Welex Rental Limited is a private company, limited by shares, registered in England & Wales. The company's registered number and registered office address can be found on the Company Information page.

The place of business is Cannock Wood Industrial Estate, Cannock Wood Street, Cannock, WS12 0PL

2. Accounting Policies

2.1. Basis of Preparation of 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of timber mats is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from the hiring out of timber mats is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the hire date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.

Leasehold	- 10% on cost
Plant & Machinery	- 20% on cost
Motor Vehicles	- 20% on cost
Fixtures & Fittings	- 20% on cost

2.4. Leasing and Hire Purchase Contracts

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2.5. Foreign Currencies

Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

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Welex Rental Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

2.7. Pensions

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.8. Debtors and creditors receivable / payable within one year

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 3)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 January 2025	10,230	1,025,015	78,184	73,655	1,187,084
Additions	-	152,079	-	-	152,079
Disposals	-	(76,170 )	-	-	(76,170 )

As at 31 December 2025	10,230	1,100,924	78,184	73,655	1,262,993

Depreciation
As at 1 January 2025	7,013	699,212	46,210	63,947	816,382
Provided during the period	1,023	154,255	5,329	3,294	163,901
Disposals	-	(76,170 )	-	-	(76,170 )

As at 31 December 2025	8,036	777,297	51,539	67,241	904,113

Net Book Value
As at 31 December 2025	2,194	323,627	26,645	6,414	358,880

As at 1 January 2025	3,217	325,803	31,974	9,708	370,702

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Welex Rental Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	160,602	197,936
Prepayments and accrued income	27,605	23,333
Other taxes and social security	-	1,762

	188,207	223,031

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	35,529	20,259
Corporation tax	83,423	130,961
VAT	28,575	22,324
Other creditors	335	-
Accruals and deferred income	4,676	4,187

	152,538	177,731

7. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

8. Financial commitments

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £139,376 (2024 - £206,034).

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