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Company registration number: 04036467
Weldrack Limited
Unaudited filleted financial statements
31 August 2025
Weldrack Limited
Contents
Balance sheet
Notes to the financial statements
Weldrack Limited
Balance sheet
31 August 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Intangible assets |  | 5 | 5,889 |  |  |  | 13,723 |  |
Tangible assets |  | 6 | 116,129 |  |  |  | 103,326 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 122,018 |  |  |  | 117,049
Current assets |  |  |  |  |  |  |  |  |
Stocks |  |  | 336,218 |  |  |  | 336,218 |  |
Debtors |  | 7 | 57,794 |  |  |  | 137,477 |  |
Cash at bank and in hand |  |  | 989 |  |  |  | 165 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 395,001 |  |  |  | 473,860 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 8 | ( 426,511) |  |  |  | ( 448,128) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current (liabilities)/assets |  |  |  |  | ( 31,510) |  |  |  | 25,732
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 90,508 |  |  |  | 142,781
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 9 |  |  | ( 66,732) |  |  |  | ( 103,350)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 23,776 |  |  |  | 39,431
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  | 10 |  |  | 1,000 |  |  |  | 1,000
Profit and loss account |  |  |  |  | 22,776 |  |  |  | 38,431
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 23,776 |  |  |  | 39,431
|  |  |  |  | _______ |  |  |  | _______

For the year ending 31 August 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 year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 03 August 2026 , and are signed on behalf of the board by:
G Emerson
Director
Company registration number: 04036467
Weldrack Limited
Notes to the financial statements
Year ended 31 August 2025
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Birtley Lane, Hunwick Village, Bishop Auckland, Co Durham, DL15 0SG.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Development costs | - | Straight line over 5 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 20 % | straight line
| Fittings fixtures and equipment | - | 25 % | straight line
| Motor vehicles | - | 25 % | straight line
| Property improvements | - | 4 % | straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2024: 5 ).
5. Intangible assets

|  | Development costs | Total |  |  |  |
|  | £ | £ |  |  |  |
| Cost |  |  |  |  |  |
| At 1 September 2024 and 31 August 2025 | 124,104 | 124,104 |  |  |  |
|  | _______ | _______ |  |  |  |
| Amortisation |  |  |  |  |  |
| At 1 September 2024 | 110,381 | 110,381 |  |  |  |
| Charge for the year | 7,834 | 7,834 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 August 2025 | 118,215 | 118,215 |  |  |  |
|  | _______ | _______ |  |  |  |
| Carrying amount |  |  |  |  |  |
| At 31 August 2025 | 5,889 | 5,889 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 August 2024 | 13,723 | 13,723 |  |  |  |
|  | _______ | _______ |  |  |  |

6. Tangible assets

|  | Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Property improvements | Total |  |
|  | £ | £ | £ | £ | £ |  |
| Cost |  |  |  |  |  |  |
| At 1 September 2024 | 116,585 | 65,417 | 35,976 | 103,387 | 321,365 |  |
| Additions | 30,220 | 878 | - | - | 31,098 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| At 31 August 2025 | 146,805 | 66,295 | 35,976 | 103,387 | 352,463 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| Depreciation |  |  |  |  |  |  |
| At 1 September 2024 | 101,956 | 60,270 | 35,976 | 19,837 | 218,039 |  |
| Charge for the year | 12,418 | 1,741 | - | 4,136 | 18,295 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| At 31 August 2025 | 114,374 | 62,011 | 35,976 | 23,973 | 236,334 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| Carrying amount |  |  |  |  |  |  |
| At 31 August 2025 | 32,431 | 4,284 | - | 79,414 | 116,129 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |
| At 31 August 2024 | 14,629 | 5,147 | - | 83,550 | 103,326 |  |
|  | _______ | _______ | _______ | _______ | _______ |  |

7. Debtors

|  |  | 2025 | 2024
|  |  | £ | £
| Trade debtors |  | 57,794 | 137,477
|  |  | _______ | _______

8. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 79,884 | 96,871
| Trade creditors |  | 177,940 | 202,054
| Corporation tax |  | - | ( 49)
| Social security and other taxes |  | 35,126 | 24,700
| Other creditors |  | 133,561 | 124,552
|  |  | _______ | _______
|  |  | 426,511 | 448,128
|  |  | _______ | _______

9. Creditors: amounts falling due after more than one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 66,732 | 101,091
| Other creditors |  | - | 2,259
|  |  | _______ | _______
|  |  | 66,732 | 103,350
|  |  | _______ | _______

10. Called up share capital
Authorised share capital

|  |  | 2025 |  |  |  | 2024 |  |
|  |  | No |  | £ |  | No |  | £
| Ordinary shares shares of £ 1.00 each |  | 1,000 |  | 1,000 |  | 1,000 |  | 1,000
|  |  | _______ |  | _______ |  | _______ |  | _______

Issued, called up and fully paid

|  |  | 2025 |  |  |  | 2024 |  |
|  |  | No |  | £ |  | No |  | £
| Ordinary shares shares of £ 1.00 each |  | 1,000 |  | 1,000 |  | 1,000 |  | 1,000
|  |  | _______ |  | _______ |  | _______ |  | _______

11. Directors advances, credits and guarantees
There were no directors advances, credits or guarantees in the year.