Company Registration No. 07450977 (England and Wales)
Welding Equipment Online Ltd
Unaudited accounts
for the year ended 31 December 2025
Welding Equipment Online Ltd
Unaudited accounts
Contents
Welding Equipment Online Ltd
Company Information
for the year ended 31 December 2025
Directors
Adrian Saunders
Lee Foot
Michael Escott
Company Number
07450977 (England and Wales)
Registered Office
12 Mary Seacole Road
The Millfields
Plymouth
Devon
PL1 3JY
England
Accountants
PBS Accounting Limited
11 Longmeadow Close
Plympton
Plymouth
Devon
PL7 4JG
Welding Equipment Online Ltd
Statement of financial position
as at 31 December 2025
Cash at bank and in hand
101,578
71,232
Creditors: amounts falling due within one year
(87,645)
(70,851)
Net current assets
21,808
15,294
Total assets less current liabilities
22,656
17,142
Provisions for liabilities
Called up share capital
10
10
Profit and loss account
22,484
16,781
Shareholders' funds
22,494
16,791
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2026 and were signed on its behalf by
Adrian Saunders
Director
Company Registration No. 07450977
Welding Equipment Online Ltd
Notes to the Accounts
for the year ended 31 December 2025
Welding Equipment Online Ltd is a private company, limited by shares, registered in England and Wales, registration number 07450977. The registered office is 12 Mary Seacole Road, The Millfields, Plymouth, Devon, PL1 3JY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Straight Line 33%
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Welding Equipment Online Ltd
Notes to the Accounts
for the year ended 31 December 2025
4
Tangible fixed assets
Computer equipment
At 31 December 2025
13,766
At 31 December 2025
12,918
Amounts falling due within one year
Trade debtors
3,489
11,032
Accrued income and prepayments
243
1,285
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
43,752
51,995
Taxes and social security
7,789
(1,753)
Loans from directors
1,865
954
Welding Equipment Online Ltd
Notes to the Accounts
for the year ended 31 December 2025
Allotted, called up and fully paid:
100 Ordinary shares of £0.10 each
10.00
10.00
1 Ordinary A shares of £0.10 each
0.10
-
1 Ordinary B shares of £0.10 each
0.10
-
1 Ordinary C shares of £0.10 each
0.10
-
1 Ordinary D Shares of £0.10 each
0.10
-
Shares issued during the period:
1 Ordinary A shares of £0.10 each
0.10
1 Ordinary B shares of £0.10 each
0.10
1 Ordinary C shares of £0.10 each
0.10
1 Ordinary D Shares of £0.10 each
0.10
8
Average number of employees
During the year the average number of employees was 2 (2024: 4).