REGISTERED NUMBER: 11184379 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28 FEBRUARY 2026

FOR

WELHAM AEROMARINE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A P Welham

SECRETARY:

REGISTERED OFFICE:

Elson Geaves

Forest Links Road

Ferndown

Dorset

BH22 9PH

REGISTERED NUMBER:

11184379 (England and Wales)

ACCOUNTANTS:

Elson Geaves Accountants

Chartered Certified Accountants

Elson Geaves

Forest Links Road

Ferndown

Dorset

BH22 9PH

FIXED ASSETS

Tangible assets

4

138,606

45,830

CURRENT ASSETS

Debtors

5

14,738

9,033

Cash at bank

86,407

53,431

101,145

62,464

CREDITORS

Amounts falling due within one year

6

69,675

21,673

NET CURRENT ASSETS

31,470

40,791

TOTAL ASSETS LESS CURRENT LIABILITIES

170,076

86,621

CREDITORS

Amounts falling due after more than one year

7

109,226

54,226

NET ASSETS

60,850

32,395

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

60,849

32,394

SHAREHOLDERS' FUNDS

60,850

32,395

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 14 July 2026 and were signed by:

A P Welham - Director

1.	STATUTORY INFORMATION

Welham Aeromarine 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.

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

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 1 (2025 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2025

114,752

Additions

133,929

Disposals

(29,898

)

At 28 February 2026

218,783

DEPRECIATION

At 1 March 2025

68,922

Charge for year

13,097

Eliminated on disposal

(1,842

)

At 28 February 2026

80,177

NET BOOK VALUE

At 28 February 2026

138,606

At 28 February 2025

45,830

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

720

-

Other debtors

14,018

9,033

14,738

9,033

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

-

9,141

Trade creditors

24,996

1,720

Taxation and social security

43,640

9,800

Other creditors

1,039

1,012

69,675

21,673

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

24,725

32,000

Hire purchase contracts

84,501

22,226

109,226

54,226

8.	ULTIMATE CONTROLLING PARTY

The controlling party is A P Welham.