REGISTERED NUMBER: 09498657 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Tim Welsh Enterprises Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mr Timothy Welsh

REGISTERED OFFICE:

Ground Floor

6&7 Eastway Business Village

Olivers Place

Preston

Lancashire

PR2 9WT

REGISTERED NUMBER:

09498657 (England and Wales)

ACCOUNTANTS:

Mark Vickers Accountants Limited

Ground Floor

6&7 Eastway Business Village

Olivers Place

Preston

Lancashire

PR2 9WT

The following reproduces the text of the report prepared for the director 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 Director 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 Tim Welsh Enterprises Limited for the year ended 31 March 2026 which comprise the Income Statement, Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the director of Tim Welsh Enterprises Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tim Welsh Enterprises Limited and state those matters that we have agreed to state to the director of Tim Welsh Enterprises Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Tim Welsh Enterprises 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 Tim Welsh Enterprises Limited. You consider that Tim Welsh Enterprises 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 Tim Welsh Enterprises 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.

Mark Vickers Accountants Limited

Ground Floor

6&7 Eastway Business Village

Olivers Place

Preston

Lancashire

PR2 9WT

Date: .............................................

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

62,458

15,048

62,458

15,048

CURRENT ASSETS

Stocks

6

21,243

29,634

Debtors

7

46,303

12,312

Cash at bank

5,623

27,124

73,169

69,070

CREDITORS

Amounts falling due within one year

8

79,771

74,296

NET CURRENT LIABILITIES

(6,602

)

(5,226

)

TOTAL ASSETS LESS CURRENT LIABILITIES

55,856

9,822

CREDITORS

Amounts falling due after more than one year

9

(42,097

)

(3,333

)

PROVISIONS FOR LIABILITIES

-

(2,859

)

NET ASSETS

13,759

3,630

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

13,659

3,530

13,759

3,630

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 July 2026 and were signed by:

Mr Timothy Welsh - Director

1.	STATUTORY INFORMATION

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten 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 each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - 1 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

10,000

AMORTISATION

At 1 April 2025

and 31 March 2026

10,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2025

7,687

43,689

51,376

Additions

-

77,974

77,974

Disposals

-

(43,689

)

(43,689

)

At 31 March 2026

7,687

77,974

85,661

DEPRECIATION

At 1 April 2025

3,007

33,321

36,328

Charge for year

702

19,494

20,196

Eliminated on disposal

-

(33,321

)

(33,321

)

At 31 March 2026

3,709

19,494

23,203

NET BOOK VALUE

At 31 March 2026

3,978

58,480

62,458

At 31 March 2025

4,680

10,368

15,048

6.

STOCKS

31.3.26

31.3.25

£

£

Stocks

13,993

23,000

Work-in-progress

7,250

6,634

21,243

29,634

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

46,303

12,312

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

3,333

10,000

Hire purchase contracts

10,904

13,000

Trade creditors

18,618

16,662

Taxation and social security

29,930

18,564

Other creditors

16,986

16,070

79,771

74,296

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

-

3,333

Hire purchase contracts

42,097

-

42,097

3,333

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

3,333