REGISTERED NUMBER: 01210495 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

A.J. Specialist Welding Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C M Chambers

K S Chambers

A Rao

REGISTERED OFFICE:

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

BUSINESS ADDRESS:

AJS House, The Outwoods

Rempstone Road

Coleorton

Coalville

Leicestershire

LE67 8HR

REGISTERED NUMBER:

01210495 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

803,499

767,717

CURRENT ASSETS

Stocks

145,280

188,448

Debtors

5

702,213

1,012,163

Cash at bank

183,132

299,224

1,030,625

1,499,835

CREDITORS

Amounts falling due within one year

6

(996,175

)

(1,319,399

)

NET CURRENT ASSETS

34,450

180,436

TOTAL ASSETS LESS CURRENT LIABILITIES

837,949

948,153

CREDITORS

Amounts falling due after more than one year

7

(31,147

)

(4,833

)

PROVISIONS FOR LIABILITIES

(96,349

)

(89,331

)

NET ASSETS

710,453

853,989

CAPITAL AND RESERVES

Called up share capital

50

50

Capital redemption reserve

50

50

Retained earnings

710,353

853,889

SHAREHOLDERS' FUNDS

710,453

853,989

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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 7 August 2026 and were signed on its behalf by:

K S Chambers - Director

1.	STATUTORY INFORMATION

A.J. Specialist Welding Services 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

Basis of preparing the financial statements

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.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for the sale of goods and/or services in the ordinary nature of the business. Turnover is shown net of the Value Added Tax and is recognised on the despatch of goods.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to leasehold property

-

10% on cost and 4% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

12.5% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

50% on cost

Stocks

Stock are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowances 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 25 (2024 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Fixtures

leasehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 December 2024

440,668

693,396

4,746

Additions

3,174

136,000

526

Disposals

-

-

-

At 30 November 2025

443,842

829,396

5,272

DEPRECIATION

At 1 December 2024

95,974

497,467

4,746

Charge for year

38,053

54,937

22

Eliminated on disposal

-

-

-

At 30 November 2025

134,027

552,404

4,768

NET BOOK VALUE

At 30 November 2025

309,815

276,992

504

At 30 November 2024

344,694

195,929

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 December 2024

655,641

5,155

1,799,606

Additions

72,894

-

212,594

Disposals

(17,100

)

-

(17,100

)

At 30 November 2025

711,435

5,155

1,995,100

DEPRECIATION

At 1 December 2024

428,547

5,155

1,031,889

Charge for year

83,800

-

176,812

Eliminated on disposal

(17,100

)

-

(17,100

)

At 30 November 2025

495,247

5,155

1,191,601

NET BOOK VALUE

At 30 November 2025

216,188

-

803,499

At 30 November 2024

227,094

-

767,717

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

626,965

860,884

Other debtors

75,248

151,279

702,213

1,012,163

Other debtors includes prepayments and accrued income of £60,468 (2024: £58,311).

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Hire purchase contracts

20,399

24,436

Trade creditors

851,224

1,164,262

Taxation and social security

78,603

105,690

Other creditors

45,949

25,011

996,175

1,319,399

Other creditors includes accruals and deferred income of £32,023 (2024: £11,654).

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Hire purchase contracts

31,147

4,833

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Hire purchase contracts

51,546

29,269

Bank loans and overdrafts are secured on the assets of the company.

Hire purchase liabilities are secured on the individual assets being so acquired.

9.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £454,847 (2024: £23,374).