REGISTERED NUMBER: 02390879 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

FOR

UNITED WELDING SUPPLIES

LIMITED

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

J Harrison

A R Wigley

P R Appleby

SECRETARY:

Mrs Y M Allen

REGISTERED OFFICE:

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

REGISTERED NUMBER:

02390879 (England and Wales)

ACCOUNTANTS:

Cook and Partners Limited

Chartered Accountants

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

BANKERS:

Lloyds TSB

The Cross

Royston

Hertfordshire

The directors present their report with the financial statements of the company for the year ended 31st March 2026.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the supply of engineering services

DIRECTORS

The directors shown below have held office during the whole of the period from 1st April 2025 to the date of this report.

J Harrison

A R Wigley

P R Appleby

Other changes in directors holding office are as follows:

C C Allen (deceased) - deceased 22nd September 2025

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mrs Y M Allen - Secretary

28th April 2026

FIXED ASSETS

Intangible assets

4

12,128

21,831

Tangible assets

5

585,277

532,960

597,405

554,791

CURRENT ASSETS

Stocks

1,440,339

1,543,705

Debtors

6

3,350,827

2,774,100

Cash at bank and in hand

627,354

755,092

5,418,520

5,072,897

CREDITORS

Amounts falling due within one year

7

2,757,863

2,610,988

NET CURRENT ASSETS

2,660,657

2,461,909

TOTAL ASSETS LESS CURRENT LIABILITIES

3,258,062

3,016,700

CREDITORS

Amounts falling due after more than one year

8

-

(28,928

)

PROVISIONS FOR LIABILITIES

(131,766

)

(113,586

)

NET ASSETS

3,126,296

2,874,186

CAPITAL AND RESERVES

Called up share capital

320,002

320,002

Retained earnings

2,806,294

2,554,184

SHAREHOLDERS' FUNDS

3,126,296

2,874,186

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 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 28th April 2026 and were signed on its behalf by:

A R Wigley - Director

1.	STATUTORY INFORMATION

United 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

Accounting convention

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.

Going Concern Justification

The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 31st March 2026 have been prepared using the going concern basis of accounting.

Revenue

Revenue - Described as turnover - is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.

Revenue is recognised on the provision of services once completed.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

15% 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 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.

Leased assets

Where assets are financed by leasing agreements that give rights approximately to ownership ("finance leases") the assets are treated as if they had been purchased outright. The amount capitalised is the fair value of the asset concerned. The corresponding liability to the leasing company is included as an obligation under finance leases. Depreciation of leased assets is charged to the profit and loss account over the short of the lease terms and their useful lives. Leasing payments are treated as consisting of capital and interest elements, and interest is charged to the profit and loss account on a straight line basis which is considered to be a reasonable approximation to a constant rate of charge on the outstanding balance.

All other leases are treated as "operating leases" and the relevant annual rentals are charged to the profit and loss account on a straight line basis over the lease term; unless they relate to vacant leasehold properties in which case provision is made on a discounted basis for the net obligation under the lease. The unwinding of the discount is disclosed within interest payable and similar charges.

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 39 (2025 - 37 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st April 2025

and 31st March 2026

48,513

AMORTISATION

At 1st April 2025

26,682

Charge for year

9,703

At 31st March 2026

36,385

NET BOOK VALUE

At 31st March 2026

12,128

At 31st March 2025

21,831

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1st April 2025

216,619

869,197

1,085,816

Additions

69,856

120,132

189,988

Disposals

-

(97,014

)

(97,014

)

At 31st March 2026

286,475

892,315

1,178,790

DEPRECIATION

At 1st April 2025

177,769

375,087

552,856

Charge for year

18,113

80,134

98,247

Eliminated on disposal

-

(57,590

)

(57,590

)

At 31st March 2026

195,882

397,631

593,513

NET BOOK VALUE

At 31st March 2026

90,593

494,684

585,277

At 31st March 2025

38,850

494,110

532,960

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st April 2025

and 31st March 2026

97,585

DEPRECIATION

At 1st April 2025

20,859

Charge for year

11,509

At 31st March 2026

32,368

NET BOOK VALUE

At 31st March 2026

65,217

At 31st March 2025

76,726

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,928,307

1,986,005

Other debtors

1,422,520

788,095

3,350,827

2,774,100

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

22,951

26,383

Trade creditors

1,712,288

1,542,613

Taxation and social security

503,496

530,332

Other creditors

519,128

511,660

2,757,863

2,610,988

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

-

28,928