REGISTERED NUMBER: 02558918 (England and Wales)

Weldtite Products Limited

Financial Statements for the Year Ended 31st December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C M Bennett-Baggs

D J Bennett-Baggs

J L Bennett-Baggs

P K Davis

O Leach

REGISTERED OFFICE:

Unit 9

Harrier Road

Humber Bridge Industrial Estate

Barton Upon Humber

North Lincolnshire

DN18 5RP

REGISTERED NUMBER:

02558918 (England and Wales)

SENIOR STATUTORY AUDITOR:

Ian Lamb FCA CF

AUDITORS:

Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire HU2 8BA

FIXED ASSETS

Tangible assets

4

170,789

162,474

CURRENT ASSETS

Stocks

5

1,047,504

963,247

Debtors

6

5,339,625

4,971,496

Cash at bank and in hand

394,815

463,470

6,781,944

6,398,213

CREDITORS

Amounts falling due within one year

7

4,741,335

4,406,443

NET CURRENT ASSETS

2,040,609

1,991,770

TOTAL ASSETS LESS CURRENT LIABILITIES

2,211,398

2,154,244

CREDITORS

Amounts falling due after more than one year

8

(32,170

)

(32,092

)

PROVISIONS FOR LIABILITIES

10

(11,928

)

(8,851

)

NET ASSETS

2,167,300

2,113,301

CAPITAL AND RESERVES

Called up share capital

11

1,000

1,000

Retained earnings

12

2,166,300

2,112,301

SHAREHOLDERS' FUNDS

2,167,300

2,113,301

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th August 2026 and were signed on its behalf by:

P K Davis - Director

1.	STATUTORY INFORMATION

Weldtite Products 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property - 2% on cost

Plant and machinery - 15% to 20% on cost

Fixtures and fittings - 15% to 100% on cost

Motor vehicles - 20% on cost

Office and computer equipment - 20% on cost

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the income statement at the same rate as the depreciation on the assets to which the grant relates. The deferred elements of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the statement of comprehensive income in the same period as the related expenditure.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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 useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the 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 payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pensions

The company operates a defined contribution pension scheme for all employees. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable for the year are charged in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2024 - 32 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Fixtures

land and

Plant and

and

buildings

machinery

fittings

£

£

£

COST

At 1st January 2025

153,591

488,490

206,459

Additions

-

30,782

961

At 31st December 2025

153,591

519,272

207,420

DEPRECIATION

At 1st January 2025

23,859

476,956

199,672

Charge for year

3,394

11,435

2,106

At 31st December 2025

27,253

488,391

201,778

NET BOOK VALUE

At 31st December 2025

126,338

30,881

5,642

At 31st December 2024

129,732

11,534

6,787

Office

and

Motor

computer

vehicles

equipment

Totals

£

£

£

COST

At 1st January 2025

13,990

111,412

973,942

Additions

-

2,702

34,445

At 31st December 2025

13,990

114,114

1,008,387

DEPRECIATION

At 1st January 2025

13,990

96,991

811,468

Charge for year

-

9,195

26,130

At 31st December 2025

13,990

106,186

837,598

NET BOOK VALUE

At 31st December 2025

-

7,928

170,789

At 31st December 2024

-

14,421

162,474

Included in cost of land and buildings is freehold land of £ 15,000 (2024 - £ 15,000 ) which is not depreciated.

5.

STOCKS

2025

2024

£

£

Raw materials

479,932

380,335

Work-in-progress

75,310

59,933

Finished goods

492,262

522,979

1,047,504

963,247

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

682,490

797,610

Amounts owed by group undertakings

4,575,197

4,083,986

VAT

-

40,320

Prepayments

81,938

49,580

5,339,625

4,971,496

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

97,009

128,071

Amounts owed to group undertakings

4,419,399

4,046,612

Tax

82,335

88,541

VAT

2,787

-

Accruals and deferred income

138,420

139,287

Deferred government grants

1,385

3,932

4,741,335

4,406,443

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Deferred government grants

32,170

32,092

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

22,195

2,550

Between one and five years

23,750

-

45,945

2,550

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

11,928

8,851

Deferred

tax

£

Balance at 1st January 2025

8,851

Provided during year

3,077

Balance at 31st December 2025

11,928

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

5,000

Ordinary

20p

1,000

1,000

12.

RESERVES

Retained

earnings

£

At 1st January 2025

2,112,301

Profit for the year

253,999

Dividends

(200,000

)

At 31st December 2025

2,166,300

13.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian Lamb FCA CF (Senior Statutory Auditor)

for and on behalf of Smailes Goldie

14.	CONTINGENT LIABILITIES

The company has guaranteed long term liabilities due to certain shareholders of the ultimate parent company. These are supported by fixed and floating charges over the assets of the company. The maximum amount due under the arrangement is £4,831,716 (2024: £5,181,716).

15.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

16.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Weldtite Manufacturing Limited.