Company No: 01388747 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Debra Jane Petty
	Margaret Rose Wells (Resigned 20 March 2025)

REGISTERED OFFICE	Prospect Works
	Airedale Road
	Keighley
	BD21 4LW
	United Kingdom

COMPANY NUMBER

01388747 (England and Wales)

ACCOUNTANT	Ian Walker & Co
	Wellington House
	Aviator Court
	Clifton Moor
	York
	YO30 4UZ

	Note	2025		2024
		£		£
Fixed assets
Investments	3	280,663		280,663
		280,663		280,663
Current assets
Debtors	4	332,452		332,452
		332,452		332,452
Net current assets		332,452		332,452
Total assets less current liabilities		613,115		613,115
Net assets		613,115		613,115
Capital and reserves
Called-up share capital	5	204,447		204,447
Share premium account		399,999		399,999
Profit and loss account		8,669		8,669
Total shareholders' funds		613,115		613,115

For the financial 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.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Wells Spiral Holdings Limited (registered number: 01388747) were approved and authorised for issue by the Director on 22 July 2026. They were signed on its behalf by:

Debra Jane Petty Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Wells Spiral Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Prospect Works, Airedale Road, Keighley, BD21 4LW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		2

3. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 January 2025	280,663
At 31 December 2025	280,663
Carrying value at 31 December 2025	280,663
Carrying value at 31 December 2024	280,663

The subsidiary undertaking is Wells (Spiral Tubes) Limited, incorporated in England and Wales. 100% of the Share Capital is owned and the principal activity of the subsidiary is the manufacturing of spiral tubing and related engineering products.

4. Debtors

	2025		2024
	£		£
Amounts owed by Group undertakings	332,452		332,452

5. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
150,001 Ordinary shares of £ 1.00 each	150,001		150,001
54,446 Preference shares of £ 1.00 each	54,446		54,446
	204,447		204,447