Foster & Company Weldtech Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03756447 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Foster & Company Weldtech Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R G Foster

C R Foster

J Baxter

S R Irwin

REGISTERED OFFICE:

Matrix House

Gelders Hall Road

Shepshed

Loughborough

Leicestershire

LE12 9NH

REGISTERED NUMBER:

03756447 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

113,851

138,092

113,851

138,092

CURRENT ASSETS

Stocks

704,399

622,850

Debtors

6

3,465,380

2,460,313

Cash at bank and in hand

717,276

696,613

4,887,055

3,779,776

CREDITORS

Amounts falling due within one year

7

(1,820,287

)

(1,698,742

)

NET CURRENT ASSETS

3,066,768

2,081,034

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,180,619

2,219,126

CREDITORS

Amounts falling due after more than one
year

8

-

(8,516

)

PROVISIONS FOR LIABILITIES

(25,946

)

(26,159

)

NET ASSETS

3,154,673

2,184,451

CAPITAL AND RESERVES

Called up share capital

10,104

Share premium

5,304

Retained earnings

3,139,265

2,169,043

3,154,673

2,184,451

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2026 and were signed on its behalf by:

J Baxter - Director

1.	STATUTORY INFORMATION

Foster & Company Weldtech 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.

Turnover

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.

Turnover 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 turnover can be measure 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 reliable.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

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.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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 leased asset are consumed.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

125,000

AMORTISATION

At 1 January 2025

and 31 December 2025

125,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

COST

At 1 January 2025

8,803

310,361

276,956

596,120

Additions

-

11,294

66,895

78,189

Disposals

-

(109,625

)

(109,625

)

At 31 December 2025

8,803

321,655

234,226

564,684

DEPRECIATION

At 1 January 2025

1,879

285,927

170,222

458,028

Charge for year

880

6,797

64,007

71,684

Eliminated on disposal

-

(78,879

)

(78,879

)

At 31 December 2025

2,759

292,724

155,350

450,833

NET BOOK VALUE

At 31 December 2025

6,044

28,931

78,876

113,851

At 31 December 2024

6,924

24,434

106,734

138,092

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

1,531,222

1,435,226

Amounts owed by group undertakings

1,835,274

935,274

Other debtors

98,884

89,813

3,465,380

2,460,313

Other debtors includes prepayments and accrued income of £95,849 (2024: £89,813).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Finance leases

8,516

10,624

Trade creditors

1,194,539

1,047,517

Taxation and social security

493,078

473,908

Other creditors

124,154

166,693

1,820,287

1,698,742

Other creditors includes accruals and deferred income of £58,531 (2024: £112,839).

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.25

31.12.24

£

Finance leases

-

8,516

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

Finance leases

8,516

19,140

Obligations under finance lease contracts are secured on the assets to which they relate.

10.	OTHER FINANCIAL COMMITMENTS

The company has guaranteed amounts due of £1,550,000 (2024: £2,450,000) on behalf of its parent undertaking.

11.	OPERATING LEASE COMMITMENTS

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £163,802 (2024: £125,816).

12.	ULTIMATE PARENT COMPANY

The immediate and ultimate parent undertaking is Foster Industrial Holdings Limited, a company incorporated in England. The address of its registered office is Matrix House, Gelders Hall Road, Shepshed, Loughborough, LE12 9NH.