Weldrack Limited 31/08/2025 iXBRL

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.