West Country Welding Supplies Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03183375 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

WEST COUNTRY WELDING SUPPLIES LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

G R Johnson

T D Baker

SECRETARY:

G R Johnson

REGISTERED OFFICE:

Unit 4 Ashmead Business Centre

Ashmead Road

Bristol

BS31 1SX

REGISTERED NUMBER:

03183375 (England and Wales)

ACCOUNTANTS:

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of West Country Welding Supplies Limited for the year ended 30 September 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of West Country Welding Supplies Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of West Country Welding Supplies Limited and state those matters that we have agreed to state to the Board of Directors of West Country Welding Supplies Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than West Country Welding Supplies Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that West Country Welding Supplies Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of West Country Welding Supplies Limited. You consider that West Country Welding Supplies Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of West Country Welding Supplies Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

23 June 2026

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

49,872

44,658

49,872

44,658

CURRENT ASSETS

Stocks

264,641

237,675

Debtors

6

2,519,576

2,466,761

Cash at bank and in hand

303,914

365,745

3,088,131

3,070,181

CREDITORS

Amounts falling due within one year

7

668,583

813,310

NET CURRENT ASSETS

2,419,548

2,256,871

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,469,420

2,301,529

PROVISIONS FOR LIABILITIES

10

12,467

11,164

NET ASSETS

2,456,953

2,290,365

CAPITAL AND RESERVES

Called up share capital

11

10,528

Share premium

4,750

Retained earnings

2,441,675

2,275,087

SHAREHOLDERS' FUNDS

2,456,953

2,290,365

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2026 and were signed on its behalf by:

T D Baker - Director

1.	STATUTORY INFORMATION

West Country Welding Supplies Limited 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.

Preparation of consolidated financial statements

The financial statements contain information about West Country Welding Supplies Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with the parent company within the group.

Critical accounting judgements and key sources of estimation uncertainty

The Directors have exercised judgement in ascertaining the appropriate provision to ensure stock is valued at the lower of the cost and net realisable value.

No other significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Turnover is recognised when goods are despatched.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business, was amortised evenly over its estimated useful life of 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant & machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Pension costs and other post-retirement benefits

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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the assets original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

9,500

AMORTISATION

At 1 October 2024

and 30 September 2025

9,500

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant &

and

property

machinery

fittings

£

COST

At 1 October 2024

5,909

25,439

4,485

Additions

-

12,000

-

Disposals

-

(15,930

)

-

At 30 September 2025

5,909

21,509

4,485

DEPRECIATION

At 1 October 2024

5,366

14,685

3,382

Charge for year

361

3,269

166

Eliminated on disposal

-

(6,970

)

-

At 30 September 2025

5,727

10,984

3,548

NET BOOK VALUE

At 30 September 2025

182

10,525

937

At 30 September 2024

543

10,754

1,103

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 October 2024

91,540

85,483

212,856

Additions

23,825

1,920

37,745

Disposals

(39,100

)

-

(55,030

)

At 30 September 2025

76,265

87,403

195,571

DEPRECIATION

At 1 October 2024

65,805

78,960

168,198

Charge for year

10,865

2,811

17,472

Eliminated on disposal

(33,001

)

-

(39,971

)

At 30 September 2025

43,669

81,771

145,699

NET BOOK VALUE

At 30 September 2025

32,596

5,632

49,872

At 30 September 2024

25,735

6,523

44,658

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

580,077

677,626

Amounts owed by group undertakings

1,937,870

1,785,330

Other debtors

1,629

3,805

2,519,576

2,466,761

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

483,306

581,016

Taxation and social security

159,338

204,910

Other creditors

25,939

27,384

668,583

813,310

8.	LEASING AGREEMENTS

As at 30 September 2025 the company had future minimum lease payments under non-cancellable operating leases totalling £370,526 (2024: £375,492).

9.	SECURED DEBTS

There is a charge over any and all intellectual property or any land, at any time.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

12,467

11,164

Deferred

tax

£

Balance at 1 October 2024

11,164

Movement

1,303

Balance at 30 September 2025

12,467

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

5,002

Ordinary A

£1

5,002

5,000

Ordinary B

£1

5,000

526

Ordinary C

£1

526

10,528

All shares rank parri passu.

12.	PARENT COMPANY

The parent company is Weldco Limited.

The shares were acquired on 23 November 2023.